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
This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business decreased
Many taxpayers make charitable gifts — because they’re generous and they want to save money on their federal tax bills.
Virtually everyone needs an estate plan, but it isn’t a one-size-fits-all proposition. Even though each person’s situation is unique, general
The IRS announced it is opening the 2019 individual income tax return filing season on January 27. Even if you
A significant law was recently passed that adds tax breaks and makes changes to employer-provided retirement plans. If your small
If you save for retirement with an IRA or other plan, you’ll be interested to know that Congress recently passed
If you reside in a high-tax state, you may want to consider using nongrantor trusts to soften the blow of
As you’ve probably heard, a new law was recently passed with a wide range of retirement plan changes for employers
If, like many people, your traditional IRA holds a mixture of deductible (after-tax) and nondeductible (pretax) contributions, it’s important to
At the beginning of the year, many people make resolutions about improving their physical fitness. Employers may seek to lend
Some benefit plans are required to include an opinion from an independent qualified public accountant (IQPA) when filing Form 5500
While you were celebrating the holidays, you may not have noticed that Congress passed a law with a grab bag
If you’re a parent with a college-bound child, you may be concerned about being able to fund future tuition and
You’ve likely spent a lot of time working with your advisor to plan your estate. While documents such as your
Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2021. Keep
Married couples may not be able to save as much as they need for retirement when one spouse doesn’t work
The “sandwich generation” is a large segment of the population. These are people who find themselves caring for both their
The Employee Retention Tax Credit (ERTC) is a valuable tax break that was extended and modified by the American Rescue
Are you age 65 and older and have basic Medicare insurance? You may need to pay additional premiums to get
Estate planning isn’t just about what happens to your assets after you die. It’s also about protecting yourself and your
The first advance payments under the temporarily expanded child tax credit (CTC) will begin to arrive for nearly 39 million
High-income taxpayers face a 3.8% net investment income tax (NIIT) that’s imposed in addition to regular income tax. Fortunately, there
If you’re a business owner and you hire your children this summer, you can obtain tax breaks and other nontax
Traditionally, estate planning has focused on more technical objectives, such as minimizing gift and estate taxes and protecting assets against