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
Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2020. Keep
COVID-19 has changed our lives in many ways, and some of the changes have tax implications. Here is basic information
What happens if illness, injury or age-related dementia renders you unable to make decisions or communicate your wishes regarding your
Wouldn’t it be great if your employees worked as if they owned the company? An employee stock ownership plan (ESOP)
Today, many banks are working with struggling borrowers on loan modifications. Recent guidance from the Financial Accounting Standards Board (FASB)
The IRS has provided guidance to employers regarding the recent presidential action to allow employers to defer the withholding, deposit
Despite the COVID-19 pandemic, the National Association of Realtors (NAR) reports that existing home sales and prices are up nationwide,
With the federal gift and estate tax exemption now at a record high $11.58 million for 2020, most estates aren’t
As you’re probably aware, President Trump signed an executive memorandum on August 8 creating a payroll tax deferral. The development
Many companies are struggling as a result of shutdowns and restructurings during the COVID-19 crisis. To add insult to injury,
Has your organization laid off employees this year because of the COVID-19 pandemic, but you plan to rehire some of
A federal trial court recently invalidated several provisions of the U.S. Department of Labor’s (DOL’s) temporary regulations implementing the paid
Expecting tax cuts next year? President-elect Trump declared one of his top priorities to be passage of a “major tax
Distributor’s TV packages don’t qualify. In two similar Technical Advice Memorandums, the IRS determined that a television subscription package sold
Taxpayers denied child tax breaks. For part of a year, a married couple lived with a child from the wife’s
The last month or so of the year offers accrual-basis taxpayers an opportunity to make some timely moves that might
Accrual-basis taxpayer? One way to save tax is to properly record and recognize expenses that were incurred this year but
Inventory is a prime target for fraud schemes, second only to cash. Retailers, manufacturers and contractors are at risk for
Extra time to supply Affordable Care Act (ACA) statements. The IRS has extended the ACA information reporting due date to
Is your inventory being stolen by dishonest employees or customers? Inventory is a prime target for fraud schemes, second only
Educational institutions get extended penalty relief for tuition reporting change. The IRS has announced that it is extending previously granted
Bipartisan bill introduced in Senate to strengthen retirement savings. On Nov. 17, Senate Finance Committee Chair Orrin Hatch (R-UT) and
“Mailbox rule” reigns supreme. A federal district court dismissed a suit by married taxpayers who claimed they’d filed a timely,
Typically, much of the estate planning process focuses on money. But the most successful estate plans are founded on relationships.