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
The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax
One goal of estate planning is to avoid or minimize probate. This is particularly important if you own real estate
If you run a business and accept payments through third-party networks such as Zelle, Venmo, Square or PayPal, you could
If you donated to charity last year, letters from the charities may have appeared in your mailbox recently acknowledging the
If you own your own company and travel for business, you may wonder whether you can deduct the costs of
If you’re concerned about the impact of transfer taxes on your gifts, consider making “net gifts” to your loved ones.
If you’re in business for yourself as a sole proprietor, or you’re planning to start a business, you need to
April 18, 2022, is the deadline for filing your federal income tax return. Keep in mind that the gift tax
Traditional IRAs and Roth IRAs have been around for decades and the rules surrounding them have changed many times. What
If you operate a business, or you’re starting a new one, you know you need to keep records of your
Designing an estate plan can be a delicate balancing act. On the one hand, you want to preserve as much
Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2020. Keep
COVID-19 has changed our lives in many ways, and some of the changes have tax implications. Here is basic information
What happens if illness, injury or age-related dementia renders you unable to make decisions or communicate your wishes regarding your
Wouldn’t it be great if your employees worked as if they owned the company? An employee stock ownership plan (ESOP)
Today, many banks are working with struggling borrowers on loan modifications. Recent guidance from the Financial Accounting Standards Board (FASB)
The IRS has provided guidance to employers regarding the recent presidential action to allow employers to defer the withholding, deposit
Despite the COVID-19 pandemic, the National Association of Realtors (NAR) reports that existing home sales and prices are up nationwide,
With the federal gift and estate tax exemption now at a record high $11.58 million for 2020, most estates aren’t
As you’re probably aware, President Trump signed an executive memorandum on August 8 creating a payroll tax deferral. The development
Many companies are struggling as a result of shutdowns and restructurings during the COVID-19 crisis. To add insult to injury,
Has your organization laid off employees this year because of the COVID-19 pandemic, but you plan to rehire some of
A federal trial court recently invalidated several provisions of the U.S. Department of Labor’s (DOL’s) temporary regulations implementing the paid