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
Many people are more concerned about their 2020 tax bills right now than they are about their 2021 tax situations.
To gift or not to gift? It’s a deceptively complex question. The temporary doubling of the federal gift and estate
If you have a traditional IRA or tax-deferred retirement plan account, you probably know that you must take required minimum
Your estate plan may include several different trusts. The reason is that various types of trusts can accomplish a myriad
The massive economic stimulus and government spending law, which was signed on December 27, 2020, extends several energy-related tax breaks.
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2021. Keep
Have you made any New Year’s resolutions for 2021? Resolutions usually take the form of personal goals like eating healthier
On December 27, President Trump signed the Consolidated Appropriations Act of 2021 (CAA), which provides pandemic relief, as well as
Are you considering replacing a car that you’re using in your business? There are several tax implications to keep in
If you own a business, you may wonder if you’re eligible to take the qualified business income (QBI) deduction. Sometimes
Many businesses are closed or are limiting third-party access as COVID-19 surges across the United States. These restrictions could still
As President-elect Joe Biden moves forward with the transition and prepares for the inauguration next month, you may be wondering
Everyone needs to plan for retirement. But as a business owner, you face a distinctive challenge in that you must
If you’re a small business owner or you’re involved in a start-up, you may want to set up a tax-favored
If you’re self-employed and don’t have withholding from paychecks, you probably have to make estimated tax payments. These payments must
If you’re self-employed and don’t have withholding from paychecks, you probably have to make estimated tax payments. These payments must
One of the primary goals of estate planning is to put in writing how you want your wealth distributed to
The use of a company vehicle is a valuable fringe benefit for owners and employees of small businesses. This benefit
If you’re putting aside money for college or other educational expenses, consider a tax-advantaged 529 savings plan. Also known as
Operating a business as an S corporation may provide many advantages, including limited liability for owners and no double taxation
If you’re like many people, you’ve worked hard to accumulate a large nest egg in your traditional IRA (including a
Federal estate tax liability is no longer an issue for many families, now that the gift and estate tax exemption
Bitcoin and other forms of virtual currency are gaining popularity. But many businesses, consumers, employees and investors are still confused
In the past few months, many businesses and employers nationwide have received “no-match” letters from the Social Security Administration (SSA).