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
The holiday season is here and many people plan to donate to their favorite charities or give money or assets
The effects of inflation are all around. You’re probably paying more for gas, food, health care and other expenses than
Among the many decisions you’ll have to make as your estate plan is being drafted is who you will appoint
No one needs to remind business owners that the cost of employee health care benefits keeps going up. One way
How much can you and your employees contribute to your 401(k)s next year — or other retirement plans? In Notice
You’ve probably heard of the “nanny tax.” But even if you don’t employ a nanny, it may apply to you.
Are you feeling generous at year end? Taxpayers can transfer substantial amounts free of gift taxes to their children or
The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $160,200 for
There’s no shortage of online do-it-yourself (DIY) tools that promise to help you create an “estate plan.” But while these
The IRS recently issued its 2023 cost-of-living adjustments for more than 60 tax provisions. With inflation up significantly this year,
If you’re interested in investing in tax-free municipal bonds, you may wonder if they’re really free of taxes. While the
Are you planning to move to a different state? It may be due to a change in jobs, a desire
A variety of tax-related limits that affect businesses are indexed annually based on inflation. Many have increased for 2025, but
An inheritor’s trust is a specialized estate planning tool designed to protect and manage assets you pass to a beneficiary.
Businesses in certain industries employ service workers who receive tips as a large part of their compensation. These businesses include
Chances are, you’re more concerned about your 2024 tax return right now than you are about your 2025 tax situation.
Your estate plan is the perfect place to make charitable gifts if you’re a charitably inclined individual. One vehicle to
Retirement is often viewed as an opportunity to travel, spend time with family or simply enjoy the fruits of a
President Trump and the Republican Congress plan to act swiftly to make broad changes to the United States — including
Medicare health insurance premiums can add up to big bucks — especially if you’re upper-income, married, and you and your
The nationwide price of gas is slightly higher than it was a year ago and the 2025 optional standard mileage
Traditional estate planning strategies generally are based on the assumption that all family members involved are U.S. citizens. However, if
Once you reach age 73, tax law requires you to begin taking withdrawals — called Required Minimum Distributions (RMDs) —
It’s not uncommon for people who live in states with high income taxes to relocate to states with more favorable