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
If you limit how many vacation days employees can roll over to the new year, you might find your workplace
Get ready to file your tax return in 2017. The IRS announced that the 2017 tax filing season will begin
Be sure to take required minimum distributions (RMDs) by year end, if required. If you’ve reached age 70 1/2, take
There are some last-minute moves that may save you money on your 2016 taxes. 1) If you’re eligible for a
Congress Watch: U.S. House of Representatives prepares to adjourn. On Dec. 8, the House passed H.R. 2028, “Further Continuing and
Temporary regulations authorize more tax return information disclosures to the U.S. Census Bureau. The IRS has issued temporary regs that
Family business compensation found not reasonable. Businesses can deduct ordinary and necessary expenses, including reasonable compensation. In one case, the
Court cracks down on tax protestor. The U.S. Tax Court defines a tax protestor as a person making frivolous tax
When performing an audit, CPAs send confirmation letters to outside parties typically via the U.S. Postal Service in accordance with
Proposed regs would add new types of covered asset acquisitions for foreign tax credit limitation purposes. The IRS has proposed
Court ruling nixing Obamacare reimbursements is frozen until President-elect Trump takes office. The U.S. Court of Appeals for the District
If you have unadopted stepchildren, estate planning is critical to ensure that your property is distributed the way you desire.