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
Eligible parents will soon begin receiving payments from the federal government. The IRS announced that the 2021 advance child tax
Many businesses use independent contractors to help keep their costs down. If you’re among them, make sure that these workers
One benefit of the current federal gift and estate tax exemption amount ($11.7 million in 2021) is that it allows
If you and your spouse have similar irrevocable trusts that benefit each other, it’s important to know that the trusts
Even after your 2020 tax return has been successfully filed with the IRS, you may still have some questions about
If you have minor children, choosing a guardian to care for them should you die unexpectedly is one of the
“Tax day” is just around the corner. This year, the deadline for filing 2020 individual tax returns is Monday, May
Now that the federal gift and estate tax exemption has reached an inflation-adjusted $11.7 million for 2021, fewer estates are
Are you thinking about setting up a retirement plan for yourself and your employees, but you’re worried about the financial
Although much of estate planning deals with what happens after you die, it’s equally important to have a plan for
Even though the federal gift and estate tax exemption is currently very high ($11.7 million for 2021), there are families
President Biden recently announced his $1.8 trillion American Families Plan (AFP), the third step in his Build Back Better policy
The IRS has announced that the federal income tax filing deadline for individuals for the 2020 tax year is extended
For many people, the first thing they think of when they hear the words “estate plan” is a will. And
On March 11, 2021, President Biden signed into law the American Rescue Plan Act (ARPA). The $1.9 trillion law is
Are you a business owner thinking about hiring? Be aware that a recent law extended a credit for hiring individuals
If you’re approaching retirement, you probably want to ensure the money you’ve saved in retirement plans lasts as long as
Congress has passed the latest legislation aimed at providing economic and other relief from the COVID-19 pandemic that has haunted
This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business decreased
The Biden administration has announced several reforms to the popular Paycheck Protection Program (PPP) to bring greater relief to the
Life insurance has long provided a source of liquidity to pay estate taxes and other expenses. Even though for many
If you’re like many Americans, letters from your favorite charities may be appearing in your mailbox acknowledging your 2020 donations.
A number of tax-related limits that affect businesses are annually indexed for inflation, and many have increased for 2021. Some
As a formal estate planning term, “tangible personal property” likely won’t elicit much emotion from you or your loved ones.