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
Here’s a not-so-fun fact: The generation-skipping transfer (GST) tax is among the harshest and most complex in the tax code.
Business owners are aware that the price of gas is historically high, which has made their vehicle costs soar. The
“Thanks, but no thanks.” If you expect to receive an inheritance from a family member, you might want to use
Are you in the early stages of divorce? In addition to the tough personal issues that you’re dealing with, several
As a result of the current estate tax exemption amount ($12.06 million in 2022), many people no longer need to
Does your college-aged child have a basic estate plan? In more cases than not, the answer is “no.” The good
Here’s an interesting option if your small company or start-up business is planning to claim the research tax credit. Subject
Here’s an interesting option if your small company or start-up business is planning to claim the research tax credit. Subject
The IRS recently announced that it’ll increase the standard mileage rate for qualified business driving for the second half of
The best laid plans can go awry. After your death, events may transpire that you hadn’t anticipated or couldn’t have
Some people who begin claiming Social Security benefits are surprised to find out they’re taxed by the federal government on
The next quarterly estimated tax payment deadline is June 15 for individuals and businesses so it’s a good time to
If you’re a parent with a college-bound child, you may be concerned about being able to fund future tuition and
You’ve likely spent a lot of time working with your advisor to plan your estate. While documents such as your
Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2021. Keep
Married couples may not be able to save as much as they need for retirement when one spouse doesn’t work
The “sandwich generation” is a large segment of the population. These are people who find themselves caring for both their
The Employee Retention Tax Credit (ERTC) is a valuable tax break that was extended and modified by the American Rescue
Are you age 65 and older and have basic Medicare insurance? You may need to pay additional premiums to get
Estate planning isn’t just about what happens to your assets after you die. It’s also about protecting yourself and your
The first advance payments under the temporarily expanded child tax credit (CTC) will begin to arrive for nearly 39 million
High-income taxpayers face a 3.8% net investment income tax (NIIT) that’s imposed in addition to regular income tax. Fortunately, there
If you’re a business owner and you hire your children this summer, you can obtain tax breaks and other nontax
Traditionally, estate planning has focused on more technical objectives, such as minimizing gift and estate taxes and protecting assets against