Letter to Our Clients

Dear Clients, You are all very important to us: new clients, old clients, corporations, and individuals, and so you have been for the last 32 years. We just want to assure you that we are all here at GC Consultants/GB CPA LLC working remotely and serving you with the enthusiasm of our first days. We strongly believe that we will…

A Note About Payments

Dear Clients and Friends, Due to the extraordinary circumstances created by the Coronavirus, we are changing our methods of dealing with payments. For our Clients: Effective immediately, we kindly request that you pay our invoices only by wire transfer and/or ACH. Our bank information is provided on our invoices. For our Vendors: We hereby would like to inform you that…

SSN VS ITIN

Q. What’s a Social Security Number? (and, most important, do I need one?) A. In the UNITED STATES, a Social Security number (SSN) is a nine-digit number issued to US CITIZENS, PERMANENT RESIDENTS (GREEN CARD HOLDERS, and TEMPORARY RESIDENTS (WORKING VISA HOLDERS). The number is issued to an individual by the Social Security Administration. You need a Social Security number…

Estimated Income Tax for Individuals

Q. What is the Estimated Income tax? A. Income tax is a pay-as-you-go tax. This means that you must pay taxes as you earn or receive income during the year There are two ways to do it… Withholdings Estimated Tax If you are an employee, your employer most probably withholds income tax from your payrolls and pay it in your…