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

It’s crucial to review and update your estate plan in light of significant life changes or new tax laws. It’s

Investment interest — interest on debt used to buy assets held for investment, such as margin debt used to buy

At the beginning of the year, many people decide they’re going to get in the best shape of their lives.

Bonus depreciation allows businesses to recover the costs of depreciable property more quickly by claiming additional first-year depreciation for qualified

While it’s natural to set up trusts in the state where you live, you may be losing out on significant

IRS permits same-sex couples to recalculate marital exclusion amounts http://bit.ly/2jsmUPY

Many businesses receive payment in advance for goods and services. Examples include magazine subscriptions, long-term supply contracts, organization memberships, computer

As the saying goes, nothing lasts forever — and that goes for most companies. Then again, with the right succession

The most useful metric to gauge a company’s performance isn’t necessarily net income, pretax profits or earnings per share, as

The executor’s role is critical to the administration of an estate and the achievement of estate planning objectives. So your

If you’re like many Americans, you might not start thinking about filing your tax return until close to this year’s

Do you start thinking about filing your tax return when it gets close to the April deadline? You might even