GPKLEG Blog
News & Helpful Tips
A financial statement audit can give lenders, investors and other stakeholders greater confidence in your business’s financial reporting. But not
Life insurance can provide critical financial protection for the people who depend on you or help you achieve other estate
When it’s time to consider your business’s future, succession planning can protect your legacy and successfully set up the next
When estate planning, it’s common for parents to leave their primary residence or a vacation home to their children. While
Are you starting a business with partners and deciding on the right entity? An S corporation might be the best
Prior to the enactment of the Tax Cuts and Jobs Act (TCJA), businesses were able to claim a tax deduction
If you’ve given a significant financial gift to a family member, you may wonder whether you’re required to file a
If you made significant gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re
Even if you’re single and have no children, having an estate plan helps ensure your final wishes are clearly documented
Victims of presidentially declared disasters in recent years who couldn’t previously claim a casualty loss deduction may now be able
A revocable trust (sometimes referred to as a “living trust”) is a popular estate planning tool that allows you to
Retirement is often viewed as an opportunity to travel, spend time with family or simply enjoy the fruits of a
Your estate plan is the perfect place to make charitable gifts if you’re a charitably inclined individual. One vehicle to
The Child Tax Credit (CTC) has long been a valuable tax break for families with qualifying children. Whether you’re new
To help make sure you don’t miss any important 2025 deadlines, we’re providing this summary of when various tax-related forms,
Medicare health insurance premiums can add up to big bucks — especially if you’re upper-income, married, and you and your
A revocable trust — sometimes known as a “living trust” — can provide significant benefits. They include the ability to
Although the national price of gas is a bit lower than it was a year ago, the optional standard mileage
According to the Pew Research Center, nearly a quarter (23%) of U.S. children under the age of 18 live
If you’re a parent or grandparent with college-bound children, you may want to save to fund future education costs. Here
If your small business has a retirement plan, and even if it doesn’t, you may see changes and benefits from
One of your primary estate planning goals may be to pass as much of your wealth to your family as
If you have a child or grandchild in college — congratulations! To help pay for the expenses, many parents and
Family-owned businesses face distinctive challenges when it comes to succession planning. For example, it’s important to address the distinction between
The Employee Retention Credit (ERC) was a valuable tax credit that helped employers that kept workers on staff during the
Many people include health care powers of attorney or advance directives in their estate plans so they have some influence