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
If you’re approaching retirement or have already retired, one of the biggest challenges is balancing the need to maintain your
Here’s an interesting option if your small company or start-up business is planning to claim the research tax credit. Subject
Many people wonder how they can save taxes by transferring assets into their children’s names. This tax strategy is called
Personal items — which may have modest monetary value but significant sentimental value — may be more difficult to address
A business or individual might be able to dispose of appreciated real property without being taxed on the gain by
Sometimes, bigger isn’t better: Your small- or medium-sized business may be eligible for some tax breaks that aren’t available to
Portability allows a surviving spouse to apply a deceased spouse’s unused federal gift and estate tax exemption amount toward his
The Tax Cuts and Jobs Act (TCJA) significantly boosted the potential value of bonus depreciation for taxpayers — but only
Although merger and acquisition activity has been down in 2022, according to various reports, there are still companies being bought
Portability allows a surviving spouse to apply a deceased spouse’s unused federal gift and estate tax exemption amount toward his
Sales and registrations of electric vehicles (EVs) have increased dramatically in the U.S. in 2022, according to several sources. However,
If you’ve recently begun receiving disability income, you may wonder how it’s taxed. The answer is: It depends. The key
This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business decreased
Many taxpayers make charitable gifts — because they’re generous and they want to save money on their federal tax bills.
Virtually everyone needs an estate plan, but it isn’t a one-size-fits-all proposition. Even though each person’s situation is unique, general
The IRS announced it is opening the 2019 individual income tax return filing season on January 27. Even if you
A significant law was recently passed that adds tax breaks and makes changes to employer-provided retirement plans. If your small
If you save for retirement with an IRA or other plan, you’ll be interested to know that Congress recently passed
If you reside in a high-tax state, you may want to consider using nongrantor trusts to soften the blow of
As you’ve probably heard, a new law was recently passed with a wide range of retirement plan changes for employers
If, like many people, your traditional IRA holds a mixture of deductible (after-tax) and nondeductible (pretax) contributions, it’s important to
At the beginning of the year, many people make resolutions about improving their physical fitness. Employers may seek to lend
Some benefit plans are required to include an opinion from an independent qualified public accountant (IQPA) when filing Form 5500
While you were celebrating the holidays, you may not have noticed that Congress passed a law with a grab bag