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
Many people are more concerned about their 2020 tax bills right now than they are about their 2021 tax situations.
To gift or not to gift? It’s a deceptively complex question. The temporary doubling of the federal gift and estate
If you have a traditional IRA or tax-deferred retirement plan account, you probably know that you must take required minimum
Your estate plan may include several different trusts. The reason is that various types of trusts can accomplish a myriad
The massive economic stimulus and government spending law, which was signed on December 27, 2020, extends several energy-related tax breaks.
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2021. Keep
Have you made any New Year’s resolutions for 2021? Resolutions usually take the form of personal goals like eating healthier
On December 27, President Trump signed the Consolidated Appropriations Act of 2021 (CAA), which provides pandemic relief, as well as
Are you considering replacing a car that you’re using in your business? There are several tax implications to keep in
If you own a business, you may wonder if you’re eligible to take the qualified business income (QBI) deduction. Sometimes
Many businesses are closed or are limiting third-party access as COVID-19 surges across the United States. These restrictions could still
As President-elect Joe Biden moves forward with the transition and prepares for the inauguration next month, you may be wondering