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
The Department of Labor (DOL) announced in very late January the 2019 annual adjustments to the civil monetary penalties for
Recent changes to federal tax law and accounting rules could affect whether you decide to lease or buy equipment or
It’s not just businesses that can deduct vehicle-related expenses. Individuals also can deduct them in certain circumstances. Unfortunately, the Tax
People who live in states with high income taxes sometimes relocate to a state with a more favorable tax climate.
It’s in every employer’s best interest to keep an open mind about where the right talent for an open position
As the old saying goes, “Knowledge is power.” This certainly rings true in business, as those who best understand their
Shakespeare’s words don’t apply just to Julius Caesar; they also apply to calendar-year partnerships, S corporations and limited liability companies
Incentive stock options (ISOs) are a popular form of compensation for executives and other employees of corporations. They allow you
An unexpected outcome of the recent death of designer Karl Lagerfeld is that the topic of estate planning for pets
For many businesses, offering employees a 401(k) plan is no longer an option — it’s a competitive necessity. But employees
Today’s business technology is both powerful and restive. No matter how “feature rich” a software solution or hardware asset may
If you run your business from your home or perform certain functions at home that are related to your business,