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
Irrevocable trusts provide various estate planning benefits, such as reducing estate taxes and helping to ensure assets are distributed as
An advance payment is one received by a business before it provides whatever is being paid for. For federal income
It’s not uncommon for family members to contest a loved one’s will or challenge other estate planning documents. But you
If you had significant medical expenses last year, you may be wondering what you can deduct on your 2025 income
If you own a business or are self-employed and haven’t already set up a tax-advantaged retirement plan, consider establishing one
The gift tax annual exclusion allows you to transfer up to $19,000 (for 2026) per beneficiary gift-tax-free, without tapping your
Do you operate a business as a partnership, a limited liability company (LLC) treated as a partnership for tax purposes
If you had significant medical expenses last year, you may be wondering what you can deduct on your 2025 income
A Crummey trust provides a key tax benefit of an outright gift without some of the downsides. Although the mechanics
The IRS is opening the filing season for 2025 individual income tax returns on January 26. This is about the
Now is a good time to review your business’s expenses for deductibility. Accelerating deductible expenses into this year generally will
Planning for the end of life is never easy, but including your funeral and memorial wishes in your estate plan
The Tax Cuts and Jobs Act (TCJA) has changed the landscape for business taxpayers. That’s because the law introduced a
Now that most schools are out for the summer, you might be sending your children to day camp. It’s often
A common estate planning mistake that people make is to own property jointly with an adult child or other family
Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2019. Keep
To help defray health care costs, many people now contribute to, or are thinking about setting up, Health Savings Accounts
If you’re divorcing, it’s important to review your estate plan as early as possible, for two reasons: First, you may
We’ve reached the middle of the calendar year. So how are things going for your business? Conversationally you might say,
The U.S. Senate has passed, and President Trump is expected to sign into law, a broad package of reforms aimed
Is your business hiring this summer? If the employees come from certain “targeted groups,” you may be eligible for the
You’ve probably seen or heard ads urging you to donate your car to charity. “Make a difference and receive tax
The record-high exemption amount currently in effect means that fewer families are affected by gift and estate taxes. As a
Can your business become more profitable without venturing out of its comfort zone? Of course! However, adding new products or