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
While you probably don’t have any problems paying your tax bills, you may wonder: What happens in the event you
Did you recently file your federal tax return and were surprised to find you owed money? You might want to
If you own or manage a business with employees, you may be at risk for a severe tax penalty. It’s
You’ve probably seen it in the movies or on TV: A close-knit family gathers to find out what’s contained in
During the COVID-19 pandemic, many small businesses are strapped for cash. They may find it beneficial to barter for goods
Nearly everyone owns at least some digital assets, such as online bank and brokerage accounts, bill-paying services, cloud-based document storage,
If you have adopted children or unadopted stepchildren, estate planning is critical to ensure that your property is distributed the
If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for
A widely circulated article about the COVID-19 pandemic, written by author Tomas Pueyo in March, described efforts to cope with
You may think of trusts as estate planning tools — vehicles for reducing taxes after your death. While trusts can
The extended federal income tax deadline is approaching. The IRS postponed until July 15 many payment and filing deadlines. The
The IRS and the U.S. Treasury had disbursed 160.4 million Economic Impact Payments (EIPs) as of May 31, 2020, according
Restaurants and entertainment venues have been hard hit by the novel coronavirus (COVID-19) pandemic. One of the tax breaks that
The economic impact of the novel coronavirus (COVID-19) is unprecedented and many taxpayers with student loans have been hard hit.
For business owners, succession planning is ideally a long-term project. You want to begin laying out a smooth ownership transition,
The novel coronavirus (COVID-19) pandemic has caused some people to contemplate their own mortality or that of a family member.
The U.S. Senate has passed the bipartisan Paycheck Protection Program Flexibility Act of 2020, which loosens several of the Paycheck
The IRS recently increased the carryover limit for Health Flexible Spending Arrangements (FSAs) to an amount indexed for inflation. The
The IRS has issued guidance clarifying that certain deductions aren’t allowed if a business has received a Paycheck Protection
Nearly everyone has heard about the Economic Impact Payments (EIPs) that the federal government is sending to help mitigate
Some of the most effective estate planning strategies involve setting up irrevocable trusts. For a trust to be deemed
Many people are currently working from home to help prevent the spread of the novel coronavirus (COVID-19). Your external
The IRS recently issued frequently asked questions (FAQs) regarding retirement plan distribution and loan relief under the Coronavirus Aid,
Thanks to affordable technology, more and more companies have been allowing employees to work remotely in recent years. It’s