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
Many tax limits that affect businesses are annually indexed for inflation, and a number of them have increased for 2022.
A primary purpose of estate planning is to ensure that your wealth is distributed according to your wishes after you
The number of people engaged in the “gig” or sharing economy has grown in recent years. In an August 2021
It’s difficult for many people to think about their mortality, so it’s not surprising to learn that many put off
Do you want to sell commercial or investment real estate that has appreciated significantly? One way to defer a tax
After two years of no increases, the optional standard mileage rate used to calculate the deductible cost of operating an
Although your will or revocable trust governs the distribution of many or most of your assets, certain assets — such
You may pay out a bundle in out-of-pocket medical costs each year. But can you deduct them on your tax
If you’re married and have children from a previous marriage plus children or stepchildren from your current marriage, your family
If you’re paying back college loans for yourself or your children, you may wonder if you can deduct the interest
Hopefully, you already have a sound estate plan in place to protect the interests of your heirs and minimize potential
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2022. Keep
This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business decreased
Many taxpayers make charitable gifts — because they’re generous and they want to save money on their federal tax bills.
Virtually everyone needs an estate plan, but it isn’t a one-size-fits-all proposition. Even though each person’s situation is unique, general
The IRS announced it is opening the 2019 individual income tax return filing season on January 27. Even if you
A significant law was recently passed that adds tax breaks and makes changes to employer-provided retirement plans. If your small
If you save for retirement with an IRA or other plan, you’ll be interested to know that Congress recently passed
If you reside in a high-tax state, you may want to consider using nongrantor trusts to soften the blow of
As you’ve probably heard, a new law was recently passed with a wide range of retirement plan changes for employers
If, like many people, your traditional IRA holds a mixture of deductible (after-tax) and nondeductible (pretax) contributions, it’s important to
At the beginning of the year, many people make resolutions about improving their physical fitness. Employers may seek to lend
Some benefit plans are required to include an opinion from an independent qualified public accountant (IQPA) when filing Form 5500
While you were celebrating the holidays, you may not have noticed that Congress passed a law with a grab bag