Taxes

• Tax Planning
  The goal of tax planning is to arrange your financial affairs so as to minimize your taxes. There are three basic ways to reduce your taxes, and each basic method might have several variations. You can reduce your income, increase your deductions, and take advantage of tax credits.
• Estate Taxes
• Tax Services
• Form 1065
  The 1065 is a tax document that is used to report the profits, losses and deductions of a business’ partners. Form 1065 is part of the Schedule K-1 document, and is prepared for each individual partner. The document identifies the percentage share of profit and loss assigned to each partner, both at the beginning of the reporting period and at the end.
• Income Tax
  The Form 1040, U.S. Individual Income Tax Return, is the starting form for personal (individual) federal income tax returns filed with the IRS.

Accounting

• Accounting Services
  GPS Financial provides several accounting services for Condominium Associations such as automated payment options, accounts payable and receivable services, access to financial statements, tracking delinquency, Estoppel letters, and budget planning.
• Bookkeeping Services
  If you own a small business in Palm Beach County and haven’t kept up your bookkeeping, don’t worry. We can help you. GPS Financial provides payroll, filing, and bookkeeping services in West Palm Beach.