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
President Biden’s proposals for individual taxpayers were outlined in an April 28 address to Congress and in an 18-page fact
President Biden’s proposals for individual taxpayers were outlined in an April 28 address to Congress and in an 18-page fact
One advantage of inheriting an IRA from your spouse is that you’re entitled to transfer the funds to a spousal
If you have a life insurance policy, you may want to ensure that the benefits your family will receive after
Are you considering buying or replacing a vehicle that you’ll use in your business? If you choose a heavy sport
The new American Rescue Plan Act provides eligible families with an enhanced child and dependent care credit for 2021. This
President Biden has signed the PPP Extension Act of 2021. The new law extends the Paycheck Protection Program (PPP) application
President Biden signed the $1.9 trillion American Rescue Plan Act (ARPA) on March 11. While the new law is best
For many people, an important goal of estate planning is to leave a legacy for their children, grandchildren and future
April 15 is not only the deadline for filing your 2020 tax return, it’s also the deadline for the first
The Employee Retention Credit (ERC), which was created to encourage employers to keep their workforces intact during the COVID-19 pandemic,
While many businesses have been forced to close due to the COVID-19 pandemic, some entrepreneurs have started new small businesses.
If you limit how many vacation days employees can roll over to the new year, you might find your workplace
Get ready to file your tax return in 2017. The IRS announced that the 2017 tax filing season will begin
Be sure to take required minimum distributions (RMDs) by year end, if required. If you’ve reached age 70 1/2, take
There are some last-minute moves that may save you money on your 2016 taxes. 1) If you’re eligible for a
Congress Watch: U.S. House of Representatives prepares to adjourn. On Dec. 8, the House passed H.R. 2028, “Further Continuing and
Temporary regulations authorize more tax return information disclosures to the U.S. Census Bureau. The IRS has issued temporary regs that
Family business compensation found not reasonable. Businesses can deduct ordinary and necessary expenses, including reasonable compensation. In one case, the
Court cracks down on tax protestor. The U.S. Tax Court defines a tax protestor as a person making frivolous tax
When performing an audit, CPAs send confirmation letters to outside parties typically via the U.S. Postal Service in accordance with
Proposed regs would add new types of covered asset acquisitions for foreign tax credit limitation purposes. The IRS has proposed
Court ruling nixing Obamacare reimbursements is frozen until President-elect Trump takes office. The U.S. Court of Appeals for the District
If you have unadopted stepchildren, estate planning is critical to ensure that your property is distributed the way you desire.