CELEBRATING OVER SIXTY FIVE YEARS

CELEBRATING OVER
SIXTY FIVE YEARS

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

The IRS has just announced that it will begin accepting 2017 income tax returns on January 29. You may be

Tax credits reduce tax liability dollar-for-dollar, potentially making them more valuable than deductions, which reduce only the amount of income

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2018. Keep

Charity Funds Take Off as Tax Law Reshapes Giving | Gerson Preston https://www.wsj.com/articles/charity-funds-take-off-as-tax-law-reshapes-giving-1517502089

‘Wild west’ days are over for cryptocurrencies, as IRS steps up tax enforcement | Gerson Preston https://www.cnbc.com/2018/01/17/irs-steps-up-tax-enforcement-for-cryptocurrencies.html

New Year Celebrations with Gerson Preston at Grille 66! | Gerson Preston

Although the drop of the corporate tax rate from a top rate of 35% to a flat rate of 21%

On December 20, the House passed the Tax Cuts and Jobs Act of 2017 (TCJA), which the Senate had passed

According to the Association of Certified Fraud Examiners (ACFE), tips — particularly those made through anonymous hotlines — are the

  Various limits apply to most tax deductions, and one type of limit is a “floor,” which means expenses are

  Financial statement fraud is committed by intentionally misrepresenting an organization’s financial condition. A perpetrator might do this by omitting

  Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2018.