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

In late 2019, the first substantial legislation related to retirement savings since 2006 became law. The Setting Every Community Up

Do you conduct your business as a sole proprietorship or as a wholly owned limited liability company (LLC)? If so,

If you’re a parent, or if you’re planning on having children, you know that it’s expensive to pay for their

Whether you’re moving to another country for work-related reasons, retirement or simply want an opportunity to experience a new culture,

Roughly half of CFOs believe an economic recession will hit by the end of 2020, and about three-quarters expect a

Many people who launch small businesses start out as sole proprietors. Here are nine tax rules and considerations involved in

Married couples often wonder whether they should file joint or separate tax returns. The answer depends on your individual tax

A financial power of attorney can be a valuable planning tool. The most common type is the durable power of

Many of today’s businesses employ workers from across the generational spectrum. Employees may range from Baby Boomers to members of

Auditors use various procedures to verify the amounts reported on your financial statements. In addition to reviewing original source documents

Are you an employer who owns a business where tipping is customary for providing food and beverages? You may qualify

If you’re getting ready to file your 2019 tax return, and your tax bill is higher than you’d like, there

By temporarily doubling the gift and estate tax exemption, the Tax Cuts and Jobs Act (TCJA) opened a window of

The IRS recently issued its 2020 cost-of-living adjustments. With inflation remaining largely in check, many amounts increased slightly, and some

Are you charitably minded and have a significant amount of money in an IRA? If you’re age 70½ or older,

The first tax-filing season under the Tax Cuts and Jobs Act (TCJA) was a time of uncertainty for many businesses

The Tax Cuts and Jobs Act (TCJA) reduced individual income tax rates, but it left the 3.8% net investment income

Fall is in the air and that means it’s time to turn your attention to year-end tax planning. While several

There are good reasons why estate planning advisors recommend you revisit and, if necessary, revise your estate plan periodically: changing

Despite what you might think, estate planning isn’t limited to only the rich and famous. In fact, your family is

Let’s say you’re charitably inclined but have concerns about maintaining a sufficient amount of income to meet your current needs.

The U.S. Department of Labor (DOL) has released the finalized rule on overtime exemptions for white-collar workers under the Fair

The Tax Cuts and Jobs Act (TCJA) created a new general business tax credit for certain businesses that grant their

As an employer, you must pay federal unemployment (FUTA) tax on amounts up to $7,000 paid to each employee as