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
If you’re starting to worry about your 2021 tax bill, there’s good news — you may still have time to
Low interest rates and other factors have caused global merger and acquisition (M&A) activity to reach new highs in 2021,
Studies have found that more people are engaging in online gambling and sports betting since the pandemic began. And there
Effective October 1, 2021, Florida employers to report newly retained independent contractors to Florida Department of Revenue* A new law
As we approach the holidays and the end of the year, many people may want to make gifts of cash
Perhaps you operate your small business as a sole proprietorship and want to form a limited liability company (LLC) to
Do you play a major role in a closely held corporation and sometimes spend money on corporate expenses personally? These
If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for
A charitable remainder trust (CRT) allows you to support a favorite charity while potentially boosting your cash flow, shrinking the
An irrevocable trust has long been a key component of many estate plans. But what if it no longer serves
The IRS just released its audit statistics for the 2020 fiscal year and fewer taxpayers had their returns examined as
As we continue to come out of the COVID-19 pandemic, you may be traveling again for business. Under tax law,
Years ago, Congress enacted the “kiddie tax” rules to prevent parents and grandparents in high tax brackets from shifting income
You probably don’t have to be told about the need for a will. But do you know what provisions should
The U.S. Department of Labor (DOL) has released a final rule which should make it easier for smaller businesses to
When drafting your estate plan, you and your attorney must account for what happens to your children and your assets
Working from home has its perks. Not only can you skip the commute, but you also might be eligible to
You may have heard of the “nanny tax.” But even if you don’t employ a nanny, it may apply to
When it comes to estate planning, trusts are appealing for many reasons. They can enable you to hold and transfer
Many businesses struggle to turn abstract strategic-planning ideas into concrete, actionable plans. One reason why is simple: ineffective meetings. The
There’s good news about the Section 179 depreciation deduction for business property. The election has long provided a tax windfall
You may have heard about a proposal in Washington to cut the taxes paid on investments by indexing capital gains
If you own an interest in a closely held business, it’s critical to have a well-designed, properly funded buy-sell agreement.
Accounting software typically sells itself as much more than simple spreadsheet or ledger. The products tend to pride themselves on