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

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

If your estate plan includes a revocable trust — also known as a “living” trust — it’s critical to ensure

A strong economy leads some company owners to cut back on marketing. Why spend the money if business is so

Because they foster a collegial, trusting environment, law firms can be more vulnerable to fraud than many other types of

As an individual, you’ve no doubt been urged to regularly check your credit score. Most people nowadays know that,

If you’re the parent of a child who is age 17 to 23, and you pay all (or most) of

For years, life insurance has played a critical role in estate planning, providing a source of liquidity to pay estate

Every employer needs to keep records on pay, hours, workplace injuries and the like. And, of course, the fun doesn’t

The Trump administration has released its long-awaited proposed rule to update the overtime exemptions for so-called white-collar workers under the

In the broadest sense, strategic planning comprises two primary tasks: establishing goals and achieving them. Many business owners would probably

The Tax Cuts and Jobs Act created a new federal tax credit for employers that provide qualified paid family and

Did you make large gifts to your children, grandchildren or other heirs last year? If so, it’s important to determine

No matter how much effort you’ve invested in designing your estate plan, your will, trusts and other official documents may