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Deferring taxes on advance payments

Wednesday, February 25, 2026

An advance payment is one received by a business before it provides whatever is being paid for. ... Read More

Quadrupled SALT deduction limit means more taxpayers will benefit from itemizing on their 2025 returns

Wednesday, February 18, 2026

An important decision to make when filing your individual income tax return is whether to claim the standard deduction or itemize deductions. ... Read More

Tax filing update for pass-through entities

Wednesday, February 11, 2026

Do you operate a business as a partnership, a limited liability company (LLC) treated as a partnership for tax purposes or an S corporation?... Read More

A new year means new tax figures for individuals

Wednesday, February 04, 2026

Many tax figures are annually adjusted for inflation and typically increase each year (or at least every few years).... Read More

Is your business ready for the tax deadline that’s on Groundhog Day this year?

Wednesday, January 21, 2026

Normally businesses must furnish certain information returns to workers and submit them to the federal government by January 31. ... Read More

Gollob Morgan Peddy Joins Ascend Platform

Friday, January 09, 2026

Gollob Morgan Peddy Joins Ascend Platform... Read More

Significant changes to information reporting go into effect for the 2026 tax year

Tuesday, December 23, 2025

If your business has employees or uses independent contractors, you have associated annual information reporting obligations. ... Read More

Changes to charitable donation deductions are on the horizon

Wednesday, December 17, 2025

Beginning in 2026, individuals who itemize deductions and donate to charity will face a new limit on their charitable deductions.... Read More

There’s still time to save 2025 taxes

Wednesday, December 03, 2025

Just because it’s December doesn’t mean it’s too late to reduce your 2025 tax liability. ... Read More

What you need to know about deducting business gifts

Wednesday, November 26, 2025

Thoughtful business gifts are a great way to show appreciation to customers and employees.... Read More

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GMP is the brand name under which GMP Assurance, PLLC and Gollob Morgan Peddy Inc. provide professional services. GMP Assurance, PLLC and Gollob Morgan Peddy Inc. practice as an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable law, regulations and professional standards. GMP Assurance, PLLC is a licensed independent CPA firm that provides attest services to its clients. Gollob Morgan Peddy Inc. and its subsidiary entities, which are not licensed CPA firms, and their services are not regulated by the Texas State Board of Public Accountancy, provide tax, advisory, and other non-attest services to its clients. The entities falling under the GMP brand are independently owned and are not liable for the services provided by any other entity providing the services under the GMP brand. Our use of the terms "our firm" and "we" and "us" and terms of similar import, denote the alternative practice structure conducted by GMP Assurance, PLLC and Gollob Morgan Peddy Inc.