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
If you operate your business as a C corporation, how you put money into your company — and how you
Last year’s One Big Beautiful Bill Act (OBBBA) terminated several clean energy tax incentives earlier than previously scheduled. But if
A family limited partnership (FLP) allows you to manage and protect your wealth while gradually transferring it to your children
Generally, each year you can contribute up to the annual limit to a traditional or Roth IRA (or a combination
A new but temporary special depreciation allowance for qualified production property (QPP) was created by last year’s One Big Beautiful
A new tax-advantaged way to help children build up savings for the future was created by the One Big Beautiful
Choosing an executor is one of the most important decisions in the estate planning process. This person (or institution) will
If you itemize deductions on your 2025 individual income tax return, you potentially can deduct donations to qualified charities you
An important decision to make when filing your individual income tax return is whether to claim the standard deduction or
Many people think of estate planning as a “one-and-done” task — something you complete and file away. But an estate
If you own a business or are self-employed and haven’t already set up a tax-advantaged retirement plan, consider establishing one
The deadlines for filing 2025 tax returns (or extensions) are fast approaching. Although most tax planning moves must be completed
There was talk of repealing the individual alternative minimum tax (AMT) as part of last year’s tax reform legislation. A
Meal, vehicle and travel expenses are common deductions for businesses. But if you don’t properly document these expenses, you could
President Trump and Republican lawmakers currently are considering a second round of tax reform legislation as a follow-up to last
It may be difficult to consider, but funeral arrangements are a critical component of your estate plan. Failure to clearly
Many employers sponsor 401(k) plans to help employees save for retirement. But sometimes those employees need access to plan funds
Once upon a time, some parents and grandparents would attempt to save tax by putting investments in the names of
If you’re charitably inclined, you may wish to consider a charitable gift annuity. It can combine the benefits of an
The Tax Cuts and Jobs Act (TCJA) provides a valuable new tax break to noncorporate owners of pass-through entities: a
With its many changes to individual tax rates, brackets and breaks, the Tax Cuts and Jobs Act (TCJA) means taxpayers
Even though you can’t physically touch digital assets, they’re just as important to include in your estate plan as your
When business use of websites began, getting noticed was the name of the game. Remember pop-up ads? Text scrolling up
A business owner first became suspicious when one of her managers bought an expensive boat that seemed beyond his pay