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
In a world that’s increasingly paperless, you’re likely becoming accustomed to conducting a variety of transactions digitally. But when it
The Coronavirus Aid, Relief and Economic Security (CARES) Act made changes to excess business losses. This includes some changes that
Under current law, 100% bonus depreciation will be phased out in steps for property placed in service in calendar years
If you’re getting close to retirement, you may wonder: Are my Social Security benefits going to be taxed? And if
Despite the COVID-19 pandemic, students are going back to school this fall, either remotely, in-person or under a hybrid schedule.
If you’re going through a divorce, you probably feel a little overwhelmed by all the legal and financial items you
On August 28, the IRS issued guidance that provides some explanation of how employers can defer withholding and remitting an
In response to the COVID-19 crisis, the IRS recently issued Notice 2020-52. It offers sponsors of safe harbor 401(k) plans
On August 8, President Trump signed four executive actions, including a Presidential Memorandum to defer the employee’s portion of Social
If your business was fortunate enough to get a Paycheck Protection Program (PPP) loan taken out in connection with the
In the COVID-19 era, many parents are hiring nannies and babysitters because their daycare centers and summer camps have closed.
You may use a qualified disclaimer to refuse a bequest from a loved one. Doing so will cause an asset
For many business owners, estate planning and succession planning go hand in hand. As the owner of a closely held
The downturn in the stock market may have caused the value of your retirement account to decrease. But if you
Businesses should be aware that they may be responsible for issuing more information reporting forms for 2022 because more workers
Families that have children who are adopted, or stepchildren who haven’t been legally adopted, may face unique estate planning challenges.
Taking care of an elderly parent or grandparent may provide more than just personal satisfaction. You could also be eligible
Back in late 2019, the first significant legislation addressing retirement savings since 2006 became law. The Setting Every Community Up
A Health Savings Account (HSA) can be a powerful tool for financing health care expenses while supplementing your other retirement
The IRS has begun mailing notices to businesses, financial institutions and other payers that filed certain returns with information that
There are many rules that can potentially apply to the sale of business property. Thus, to simplify discussion, let’s assume
Like many people, you may have dreamed of turning a hobby into a regular business. You won’t have any tax
Estate planning experts usually cite the need to include advance health care directives in a comprehensive estate plan. But there
If you donate valuable items to charity, you may be required to get an appraisal. The IRS requires donors and