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 participate in a company 401(k) plan, you already know that you can make pre-tax contributions up to the
Do you hold assets such as overseas real estate, foreign bank accounts or investments in international markets? Properly addressing foreign
Your estate plan should be flexible enough to adapt to changing laws, family circumstances and financial situations. If it includes
If you run your business as a C corporation, you may be eligible for a potentially significant tax break for
Would you like your estate plan to support your favorite charity and leave a legacy for your family? Two trust
The passive activity loss (PAL) rules may limit your ability to deduct losses from a business structured as a limited
Yes, the April 15 tax deadline is now behind us. But there are also deadlines during the rest of the
Donor-advised funds (DAFs) have become increasingly popular among individuals and families who want to simplify their charitable giving while maximizing
With the April 15 tax filing deadline in the rearview mirror, you’re likely to turn your attention to other things.
When most people think about estate planning, they focus primarily on tangible assets, such as real estate, investments and personal
The deadlines for filing 2025 tax returns (or extensions) are fast approaching. Although most tax planning moves must be completed
Life insurance can provide peace of mind. But if your estate is large enough that estate taxes are a concern,