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
President Biden’s proposals for individual taxpayers were outlined in an April 28 address to Congress and in an 18-page fact
President Biden’s proposals for individual taxpayers were outlined in an April 28 address to Congress and in an 18-page fact
One advantage of inheriting an IRA from your spouse is that you’re entitled to transfer the funds to a spousal
If you have a life insurance policy, you may want to ensure that the benefits your family will receive after
Are you considering buying or replacing a vehicle that you’ll use in your business? If you choose a heavy sport
The new American Rescue Plan Act provides eligible families with an enhanced child and dependent care credit for 2021. This
President Biden has signed the PPP Extension Act of 2021. The new law extends the Paycheck Protection Program (PPP) application
President Biden signed the $1.9 trillion American Rescue Plan Act (ARPA) on March 11. While the new law is best
For many people, an important goal of estate planning is to leave a legacy for their children, grandchildren and future
April 15 is not only the deadline for filing your 2020 tax return, it’s also the deadline for the first
The Employee Retention Credit (ERC), which was created to encourage employers to keep their workforces intact during the COVID-19 pandemic,
While many businesses have been forced to close due to the COVID-19 pandemic, some entrepreneurs have started new small businesses.