GYL CPAs and Advisors @GYLCPA

Starting with 2025 tax-year returns and 2026 quarterly returns, eligible taxpayers with a strong compliance history may automatically avoid certain failure-to-file, failure-to-pay and failure-to-deposit penalties—no request required. bit.ly/4zFhnv6

Form 990 is more than a tax return. Donors, grantmakers, and regulators use it to evaluate your nonprofit. Learn the common filing errors to avoid and how to build a more reliable year-over-year process. bit.ly/4xXuohI

As home values rise, the federal home sale exclusion may not fully offset capital gains tax. Documenting capital improvements can help reduce your taxable gain. Keep permanent records of qualifying expenses to protect yourself. bit.ly/4g89ndd

The IRS made it easier for families to fund Trump accounts without triggering a gift tax filing. Revenue Procedure 2026-25 creates a safe harbor for qualifying cash contributions, allowing donors to skip Form 709 if key conditions are met. Learn more: bit.ly/4z8ctGL

Most business owners rely on backward-looking financials. A cash flow forecast shows what's ahead, helping leaders spot issues early and make smarter hiring, investment, and financing decisions. It turns reactive management into proactive leadership. bit.ly/3RXhGjI

Does your business sell online, have remote employees, or use third-party fulfillment? You may have tax obligations in states where you've never filed. Learn about physical presence, economic nexus, and what to do next: bit.ly/4pVUXRL

Nonprofits face unique fraud risks due to limited resources, small teams, and cash-based operations. Strong internal controls, board oversight, and proactive CPA guidance can help prevent asset misappropriation before losses occur. bit.ly/4f2H0wp

Many owners have a rough idea of what their business is worth—but that's not a valuation. A formal valuation is essential for sales, succession, estate planning, lending, divorce, and more. Work with a credentialed valuator and involve your CPA early. bit.ly/4vP3CYx

From your friends at GYL, wishing you a Happy 4th of July filled with celebration, laughter, and lasting memories. Stay safe!

Business owners with related companies should pay attention to IRS transfer pricing rules. Incorrect intercompany pricing can trigger back taxes, interest, and penalties of 20%–40%. Proper documentation can help reduce risk. bit.ly/4fcw1Sd

Selling a business, rental property, or major asset can trigger unexpected taxes. Many tax-saving strategies must be in place before closing. Talk with your CPA before negotiations begin to help maximize your after-tax proceeds. bit.ly/4vzCGf1

Wishing a Happy Father’s Day to all the incredible dad’s. We wish you a day filled with appreciation, family, laughter, and meaningful moments with those who matter most.

Jessica Baila attended CPAmerica’s Next Gen Conference in Seattle, WA. She joined emerging professionals and leaders for networking and leadership development, and valued hearing different perspectives on leadership and management. #TeamGYL #GYLCPA #CPAmerica #Leadership

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Financial planning isn’t a one-time event—it evolves as your life, income & goals change. From early savings to tax strategy to retirement prep, each stage brings new challenges. A lifecycle approach helps you make smarter, coordinated decisions. bit.ly/4o7Uo6m

Retirement isn’t the finish line—it’s when financial planning gets real. From sustainable income and taxes to healthcare, Social Security & legacy planning, it’s about connecting the pieces for a strategy that lasts. Read more: bit.ly/4uA1GBP

Mid-career success can complicate your finances. Higher taxes, greater risk, and more wealth to protect mean the old playbook may not be enough. Learn the key planning moves to make now for more choices later: bit.ly/3Qggqrf

Self-employed? If you’re contributing to a SEP IRA, SIMPLE IRA, or solo 401(k), you might be deducting it wrong—hurting your taxes & contribution limits. Learn where it really belongs & how the right plan could double your savings: bit.ly/4vpwFBc

Memorial Day is more than a long weekend. It’s a time to honor and remember the heroes and families who sacrificed everything. We extend our deepest gratitude today and always. #MemorialDay #HonoringOurHeroes #ThankYou

To the women who inspire, nurture, support, and love so deeply — today we celebrate you. Thank you for all the strength, grace, and kindness you bring into the world each and every day. Happy Mother’s Day from all of your friends at GYL 💕

Filing a tax extension buys time—but only if used wisely. Review April payments, gather documents, and stay on top of current-year obligations. Use the months until Oct 15 to plan and avoid next year’s tax headaches: bit.ly/4eEoHzb