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 choose to pass assets to the next generation during life, whether to reduce the size of their taxable
If you hold significant real estate investments, tenancy-in-common (TIC) ownership can be a powerful, versatile estate planning tool. A TIC
Section 529 plans are a popular education-funding tool because of tax and other benefits. Two types are available: 1) prepaid
If you’re age 70½ or older, you can make direct contributions — up to $100,000 annually — from your IRA
For investors, fall is a good time to review year-to-date gains and losses. Not only can it help you assess
If you are about to receive an inheritance from a family member, you can use a qualified disclaimer to refuse
If you’re charitably inclined and you collect art, appreciated artwork can make one of the best charitable gifts from a
Do you own a vacation home? If you both rent it out and use it personally, you might save tax
If you’ve worked a lifetime to build a large estate, you undoubtedly would like to leave a lasting legacy to
If you dream of spending your golden years in a tropical paradise, a culture-rich European city or another foreign locale,
For many people, a family-owned business is their primary source of wealth, so it’s critical to plan carefully for the
The Tax Cuts and Jobs Act (TCJA) created a new general business tax credit for certain businesses that grant their