GPKLEG Blog
News & Helpful Tips
Audit preparation should begin long before fieldwork starts. Giving your accounting team and external auditor time to address significant transactions,
Fraud risks change as your business and its external market conditions evolve. Controls that were previously effective may no longer
Many parents don’t know that the so-called “kiddie tax” exists. Others assume it affects only minor children. But it also
A properly structured grantor retained annuity trust (GRAT) can be a powerful tool for those with estates large enough that
If you participate in a company 401(k) plan, you already know that you can make pre-tax contributions up to the
Do you hold assets such as overseas real estate, foreign bank accounts or investments in international markets? Properly addressing foreign
Your estate plan should be flexible enough to adapt to changing laws, family circumstances and financial situations. If it includes
If you run your business as a C corporation, you may be eligible for a potentially significant tax break for
Would you like your estate plan to support your favorite charity and leave a legacy for your family? Two trust
The passive activity loss (PAL) rules may limit your ability to deduct losses from a business structured as a limited
Yes, the April 15 tax deadline is now behind us. But there are also deadlines during the rest of the
Donor-advised funds (DAFs) have become increasingly popular among individuals and families who want to simplify their charitable giving while maximizing
With the April 15 tax filing deadline in the rearview mirror, you’re likely to turn your attention to other things.
When most people think about estate planning, they focus primarily on tangible assets, such as real estate, investments and personal
The income tax credit for certain energy-efficient home improvements and equipment purchases was extended through 2016 by the Protecting Americans
Investing in mutual funds is an easy way to diversify a portfolio, which is one reason why they’re commonly found
Executives and other key employees are often compensated with more than just salary, fringe benefits and bonuses: They may also
As the school year draws to a close and the days lengthen, you may be one of the many homeowners
Many businesses host a picnic for employees in the summer. It’s a fun activity for your staff and you may
With health care costs continuing to climb, tax-friendly ways to pay for these expenses are more attractive than ever. Health
Are you thinking about turning a business trip into a family vacation this summer? This can be a great way
Stock market volatility can cut tax on a Roth IRA conversion This year’s stock market volatility can be unnerving, but
It seems like a simple question: How many full-time workers does your business employ? But, when it comes to the
Although the kids might still be in school for a few more weeks, summer day camp is rapidly approaching for
By investing in qualified small business (QSB) stock, you can diversify your portfolio and enjoy two valuable tax benefits: 1.
It’s not unusual for the IRS to conduct audits of qualified employee benefit plans, including 401(k)s. Plan sponsors are expected