About Our Team
GPL Tax & Accounting’s staff is a diverse group of experienced professionals from around the globe. They have backgrounds in banking, business management, investing, and more. Of course, they are also experts in local, state, federal, and international taxation and representation, as well as accounting and bookkeeping.
Recent Blog Posts
Learn from the top thought leaders in the industry.
Address Update! GPL Tax & Accounting will be moving to Kirkland, WA on Thursday and Friday (December 29th and 30th) and will be up and running in our new location on Tuesday, January 3, 2017. Meanwhile, phones will be down but we are available via emails. Our new...read more
Seattle: Business Licensing Fee Adjustments Effective January 1, 2017 the cost of a Seattle business license tax certificate will undergo adjustments. The following chart is taken from here. Cost of a business license tax certificate All business license tax...read more
Recently, the Washington Department of Revenue made some changes to their business licensing system. In an effort to keep your business license renewal a smooth process, we have included the DOR’s instructions here. All online business license renewals MUST use My...read more
GPL Tax & Accounting is based in Kirkland, Washington. We are devoted to providing our team members with the best working environment, and giving our clients great service that is tailor-made to their financial needs. Our in-house tax and accounting specialists, together with our broad, international network of other financial professionals, ensure that we can address any taxation challenges our clients may face. Our unique approach to client engagement and ala carte structure to the services provided is informed by the fact we view clients as members of the GPL family. We are as dedicated to their success as they are.
Is rental income taxable?
Yes. In the U.S., you pay taxes on the amount left after you deduct all allowable and documented expenses from the rents paid.
What is the difference between Form 1040 and Form 1040EZ?
The 1040EZ is the simplest tax form. You can use it if your income is less than $100,000 per year and is from wages, salary, and tips reported on a W2, from unemployment compensation, your taxable interest is not more than $1,500, and you do not itemize your deductions. You cannot use a 1040EZ if you plan to claim dependents.
What is the difference between Form 1040A and Form 1040NR?
The 1040A is a simplified tax form that citizens and permanent residents of the United States use to file their tax returns. Form 1040NR is used by non-resident aliens who need to report income taxable in the U.S.
Is my company too small to need a CFO?
The need for sound financial management is not a function of size. Small companies as well as large ones benefit from the services of a CFO, but small companies usually don’t need these services on a day-to-day basis. That’s where GPL comes in. We provide a way for companies of all sizes to get the financial management they need, as they need it, without the cost of a full-time executive officer.