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
The Inflation Reduction Act (IRA), signed into law by President Biden on August 16, contains many provisions related to climate,
High-income taxpayers face two special taxes — a 3.8% net investment income tax (NIIT) and a 0.9% additional Medicare tax
To ensure that a trust operates as intended, it’s critical to appoint a trustee that you can count on to
You may have heard that the Inflation Reduction Act (IRA) was signed into law recently. While experts have varying opinions
If you don’t have enough federal tax withheld from your paychecks and other payments, you may have to make estimated
Providing for the educational needs of your children, grandchildren and even future generations is an honorable estate planning objective. What
When a married couple files a joint tax return, each spouse is “jointly and severally” liable for the full amount
These days, most businesses have websites. But surprisingly, the IRS hasn’t issued formal guidance on when website costs can be
Let’s assume you have a legally valid will but you’ve decided that it should be revised because of a change
The U.S. Senate and House of Representatives have passed the Inflation Reduction Act (IRA). President Biden is expected to sign
When you filed your federal tax return this year, were you surprised to find you owed money? You might want
Are you a partner in a business? You may have come across a situation that’s puzzling. In a given year,