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

The IRS has just announced that it will begin accepting 2017 income tax returns on January 29. You may be

Tax credits reduce tax liability dollar-for-dollar, potentially making them more valuable than deductions, which reduce only the amount of income

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2018. Keep

Charity Funds Take Off as Tax Law Reshapes Giving | Gerson Preston https://www.wsj.com/articles/charity-funds-take-off-as-tax-law-reshapes-giving-1517502089

‘Wild west’ days are over for cryptocurrencies, as IRS steps up tax enforcement | Gerson Preston https://www.cnbc.com/2018/01/17/irs-steps-up-tax-enforcement-for-cryptocurrencies.html

New Year Celebrations with Gerson Preston at Grille 66! | Gerson Preston

Although the drop of the corporate tax rate from a top rate of 35% to a flat rate of 21%

On December 20, the House passed the Tax Cuts and Jobs Act of 2017 (TCJA), which the Senate had passed

According to the Association of Certified Fraud Examiners (ACFE), tips — particularly those made through anonymous hotlines — are the

  Various limits apply to most tax deductions, and one type of limit is a “floor,” which means expenses are

  Financial statement fraud is committed by intentionally misrepresenting an organization’s financial condition. A perpetrator might do this by omitting

  Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2018.