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

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

Technology has made it easier to work from home so lots of people now commute each morning to an office

The Tax Cuts and Jobs Act created a new program to encourage investment in economically distressed areas through generous tax

In its 2018 decision in South Dakota v. Wayfair, the U.S. Supreme Court upheld South Dakota’s “economic nexus” statute, expanding

The number of people engaged in the “gig” or sharing economy has grown in recent years, according to a 2019

The IRS has issued final regulations that should provide comfort to taxpayers interested in making large gifts under the current

With its winter recess looming before it, Congress has engaged in a flurry of activity. Most notably, it reached agreement

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2020. Keep

If you’re adopting a child, or you adopted one this year, there may be significant tax benefits available to offset

Business owners are urged to create succession plans for the good of their families and their employees. But there’s someone

The IRS recently issued guidance on how businesses, self-employed individuals and qualified employees can use the per diem rules to

Life insurance can be a powerful financial and estate planning tool, but its benefits can be reduced or even eliminated

With the lifetime gift and estate tax exemption at $11.40 million for 2019 ($11.58 million for 2020), you may think