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

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

In late 2019, the first substantial legislation related to retirement savings since 2006 became law. The Setting Every Community Up

Do you conduct your business as a sole proprietorship or as a wholly owned limited liability company (LLC)? If so,

If you’re a parent, or if you’re planning on having children, you know that it’s expensive to pay for their

Whether you’re moving to another country for work-related reasons, retirement or simply want an opportunity to experience a new culture,

Roughly half of CFOs believe an economic recession will hit by the end of 2020, and about three-quarters expect a

Many people who launch small businesses start out as sole proprietors. Here are nine tax rules and considerations involved in

Married couples often wonder whether they should file joint or separate tax returns. The answer depends on your individual tax

A financial power of attorney can be a valuable planning tool. The most common type is the durable power of

Many of today’s businesses employ workers from across the generational spectrum. Employees may range from Baby Boomers to members of

Auditors use various procedures to verify the amounts reported on your financial statements. In addition to reviewing original source documents

Are you an employer who owns a business where tipping is customary for providing food and beverages? You may qualify

If you’re getting ready to file your 2019 tax return, and your tax bill is higher than you’d like, there