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
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.
The Inflation Reduction Act (IRA), signed into law by President Biden on August 16, contains many provisions related to climate,
High-income taxpayers face two special taxes — a 3.8% net investment income tax (NIIT) and a 0.9% additional Medicare tax
To ensure that a trust operates as intended, it’s critical to appoint a trustee that you can count on to
You may have heard that the Inflation Reduction Act (IRA) was signed into law recently. While experts have varying opinions
If you don’t have enough federal tax withheld from your paychecks and other payments, you may have to make estimated
Providing for the educational needs of your children, grandchildren and even future generations is an honorable estate planning objective. What
When a married couple files a joint tax return, each spouse is “jointly and severally” liable for the full amount
These days, most businesses have websites. But surprisingly, the IRS hasn’t issued formal guidance on when website costs can be
Let’s assume you have a legally valid will but you’ve decided that it should be revised because of a change
The U.S. Senate and House of Representatives have passed the Inflation Reduction Act (IRA). President Biden is expected to sign
When you filed your federal tax return this year, were you surprised to find you owed money? You might want
Are you a partner in a business? You may have come across a situation that’s puzzling. In a given year,