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
If you’re charitably inclined, making donations is probably one of your key year-end tax planning strategies. But if you typically
Section 529 plans provide a tax-advantaged way to help pay for college expenses. Here are just a few of the
If you have incomplete or missing records and get audited by the IRS, your business will likely lose out on
If you invest, whether you’re considered an investor or a trader can have a significant impact on your tax bill.
If you recently redeemed frequent flyer miles to treat the family to a fun summer vacation or to take your
Many expenses that may qualify as miscellaneous itemized deductions are deductible only to the extent they exceed, in aggregate, 2%
If you go on a business trip within the United States and tack on some vacation days, you can deduct
For anyone who takes a spin at roulette, cries out “Bingo!” or engages in other wagering activities, it’s important to
Giving away assets during your life will help reduce the size of your taxable estate, which is beneficial if you
Last year a break valued by many charitably inclined retirees was made permanent: the charitable IRA rollover. If you’re age
The income tax credit for certain energy-efficient home improvements and equipment purchases was extended through 2016 by the Protecting Americans
Investing in mutual funds is an easy way to diversify a portfolio, which is one reason why they’re commonly found