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
Longer life expectancies and rising health care costs make saving for retirement more important than ever before. A Health Savings
The coronavirus (COVID-19) outbreak — officially a pandemic as of March 11 — has prompted global health concerns. But you
Several arms of the federal government have taken, or are weighing, significant steps to help the country deal with the
If you’re a business owner, be aware that a recent tax law extended a credit for hiring individuals from one
The IRS has released proposed regulations addressing the deductibility of meal and entertainment expenses in tax years beginning after December
Most companies wouldn’t go into business without some basic types of insurance in place, such as property coverage and a
Payable-on-death (POD) accounts provide a quick, simple and inexpensive way to transfer assets outside of probate. They can be used
IRS issues guidance on new bonus depreciation rules The Tax Cuts and Jobs Act (TCJA) significantly expands bonus depreciation
If you’re a business owner, be aware that a recent tax law extended a credit for hiring individuals from one
If you’re self-employed and work out of an office in your home, you may be entitled to home office deductions.
If you own a home, the interest you pay on your home mortgage may provide a tax break. However, many
No one said estate planning is easy, and this is especially true if you have a “blended family.” The good
Restaurants and entertainment venues have been hard hit by the novel coronavirus (COVID-19) pandemic. One of the tax breaks that
The economic impact of the novel coronavirus (COVID-19) is unprecedented and many taxpayers with student loans have been hard hit.
For business owners, succession planning is ideally a long-term project. You want to begin laying out a smooth ownership transition,
The novel coronavirus (COVID-19) pandemic has caused some people to contemplate their own mortality or that of a family member.
The U.S. Senate has passed the bipartisan Paycheck Protection Program Flexibility Act of 2020, which loosens several of the Paycheck
The IRS recently increased the carryover limit for Health Flexible Spending Arrangements (FSAs) to an amount indexed for inflation. The
The IRS has issued guidance clarifying that certain deductions aren’t allowed if a business has received a Paycheck Protection
Nearly everyone has heard about the Economic Impact Payments (EIPs) that the federal government is sending to help mitigate
Some of the most effective estate planning strategies involve setting up irrevocable trusts. For a trust to be deemed
Many people are currently working from home to help prevent the spread of the novel coronavirus (COVID-19). Your external
The IRS recently issued frequently asked questions (FAQs) regarding retirement plan distribution and loan relief under the Coronavirus Aid,
Thanks to affordable technology, more and more companies have been allowing employees to work remotely in recent years. It’s