CELEBRATING OVER SIXTY FIVE YEARS

CELEBRATING OVER
SIXTY FIVE YEARS

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

As you may have heard, the Coronavirus Aid, Relief and Economic Security (CARES) Act allows “qualified” people to take certain

Are you a multitasker? If so, you may appreciate an estate planning technique that can convert assets into a stream

The COVID-19 crisis is affecting not only the way many businesses operate, but also how they assess productivity. How can

The annual gift tax exclusion allows you to transfer up to $15,000 per beneficiary gift-tax-free for 2020, without tapping your

The CARES Act was enacted in an attempt to mitigate the economic effects of the COVID-19 pandemic. Among other things,

If you operate a small business, or you’re starting a new one, you probably know you need to keep records

Traditionally, spring and summer are popular times for selling a home. Unfortunately, the COVID-19 crisis has resulted in a slowdown

Transferring a family business to the next generation requires a delicate balancing act. Estate and succession planning strategies aren’t always

Some companies are expected to report impairment losses in fiscal year 2020 because of the COVID-19 crisis. Depending on the

You may have good intentions in keeping a trust a secret from its beneficiaries. Perhaps you have concerns that, if

Using a revocable trust — sometimes referred to as a “living trust” — is a common estate planning strategy to

It’s often difficult for married couples to save as much as they need for retirement when one spouse doesn’t work

If you own a home and rent it to a relative, you may be surprised to find out there could

On December 23, 2022, Congress passed the Consolidated Appropriations Act of 2023. The sprawling year-end spending “omnibus” package includes two

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2023. Keep

A smart estate plan should leave no doubt as to your intentions. Writing a letter of instruction can go a

As you may know, you can’t keep funds in your traditional IRA indefinitely. You have to start taking withdrawals from

You’d be surprised how often people fail to disclose foreign assets to their estate planning advisors. They assume that these

If you’re thinking about selling stock shares at a loss to offset gains that you’ve realized during 2022, it’s important

Two tax benefits are available to offset the expenses of adopting a child. In 2022, adoptive parents may be able

If you’re taking a second trip down the aisle, you may have different expectations than you did when you got

Many people have savings bonds that were purchased many years ago. Perhaps they were given to your children as gifts

These days, most businesses have some intangible assets. The tax treatment of these assets can be complex. What makes intangibles

You create an estate plan to meet technical objectives, such as minimizing gift and estate taxes and protecting your assets