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
For many business owners, estate planning and succession planning go hand in hand. As the owner of a closely held
The downturn in the stock market may have caused the value of your retirement account to decrease. But if you
Businesses should be aware that they may be responsible for issuing more information reporting forms for 2022 because more workers
Families that have children who are adopted, or stepchildren who haven’t been legally adopted, may face unique estate planning challenges.
Taking care of an elderly parent or grandparent may provide more than just personal satisfaction. You could also be eligible
Back in late 2019, the first significant legislation addressing retirement savings since 2006 became law. The Setting Every Community Up
A Health Savings Account (HSA) can be a powerful tool for financing health care expenses while supplementing your other retirement
The IRS has begun mailing notices to businesses, financial institutions and other payers that filed certain returns with information that
There are many rules that can potentially apply to the sale of business property. Thus, to simplify discussion, let’s assume
Like many people, you may have dreamed of turning a hobby into a regular business. You won’t have any tax
Estate planning experts usually cite the need to include advance health care directives in a comprehensive estate plan. But there
If you donate valuable items to charity, you may be required to get an appraisal. The IRS requires donors and
Expecting tax cuts next year? President-elect Trump declared one of his top priorities to be passage of a “major tax
Distributor’s TV packages don’t qualify. In two similar Technical Advice Memorandums, the IRS determined that a television subscription package sold
Taxpayers denied child tax breaks. For part of a year, a married couple lived with a child from the wife’s
The last month or so of the year offers accrual-basis taxpayers an opportunity to make some timely moves that might
Accrual-basis taxpayer? One way to save tax is to properly record and recognize expenses that were incurred this year but
Inventory is a prime target for fraud schemes, second only to cash. Retailers, manufacturers and contractors are at risk for
Extra time to supply Affordable Care Act (ACA) statements. The IRS has extended the ACA information reporting due date to
Is your inventory being stolen by dishonest employees or customers? Inventory is a prime target for fraud schemes, second only
Educational institutions get extended penalty relief for tuition reporting change. The IRS has announced that it is extending previously granted
Bipartisan bill introduced in Senate to strengthen retirement savings. On Nov. 17, Senate Finance Committee Chair Orrin Hatch (R-UT) and
“Mailbox rule” reigns supreme. A federal district court dismissed a suit by married taxpayers who claimed they’d filed a timely,
Typically, much of the estate planning process focuses on money. But the most successful estate plans are founded on relationships.