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

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,

Longer life expectancies and rising health care costs make saving for retirement more important than ever before. A Health Savings

The coronavirus (COVID-19) outbreak — officially a pandemic as of March 11 — has prompted global health concerns. But you

Several arms of the federal government have taken, or are weighing, significant steps to help the country deal with the

If you’re a business owner, be aware that a recent tax law extended a credit for hiring individuals from one

The IRS has released proposed regulations addressing the deductibility of meal and entertainment expenses in tax years beginning after December

Most companies wouldn’t go into business without some basic types of insurance in place, such as property coverage and a

Payable-on-death (POD) accounts provide a quick, simple and inexpensive way to transfer assets outside of probate. They can be used

IRS issues guidance on new bonus depreciation rules The Tax Cuts and Jobs Act (TCJA) significantly expands bonus depreciation

If you’re a business owner, be aware that a recent tax law extended a credit for hiring individuals from one

If you’re self-employed and work out of an office in your home, you may be entitled to home office deductions.

If you own a home, the interest you pay on your home mortgage may provide a tax break. However, many

No one said estate planning is easy, and this is especially true if you have a “blended family.” The good