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
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