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
As we all know, medical services and prescription drugs are expensive. You may be able to deduct some of your
The word “probate” may conjure images of lengthy delays waiting for wealth to be transferred and bitter disputes among family
In certain cases, the IRS is required to use private debt collection agencies (PCAs) to collect the amounts owed. The
At this time of year, many business owners ask if there’s anything they can do to save tax for the
For tax purposes, December 31 means more than New Year’s Eve celebrations. It affects the filing status box that will
If you have minor children, arguably the most important estate planning decision you need to make is choosing a guardian
A job description may seem like just so many words on a page or website. But those words have power.
The IRS has issued new guidance updating the rules for using optional standard mileage rates when calculating “above-the-line” deductions for
The right entity choice can make a difference in the tax bill you owe for your business. Although S corporations
You can reduce taxes and save for retirement by contributing to a tax-advantaged retirement plan. If your employer offers a
The Tax Cuts and Jobs Act (TCJA) made only one change to the federal gift and estate tax regime, but
Year end can be a stressful time for those in ownership and management positions. Along with having to tackle myriad
Here’s a not-so-fun fact: The generation-skipping transfer (GST) tax is among the harshest and most complex in the tax code.
Business owners are aware that the price of gas is historically high, which has made their vehicle costs soar. The
“Thanks, but no thanks.” If you expect to receive an inheritance from a family member, you might want to use
Are you in the early stages of divorce? In addition to the tough personal issues that you’re dealing with, several
As a result of the current estate tax exemption amount ($12.06 million in 2022), many people no longer need to
Does your college-aged child have a basic estate plan? In more cases than not, the answer is “no.” The good
Here’s an interesting option if your small company or start-up business is planning to claim the research tax credit. Subject
Here’s an interesting option if your small company or start-up business is planning to claim the research tax credit. Subject
The IRS recently announced that it’ll increase the standard mileage rate for qualified business driving for the second half of
The best laid plans can go awry. After your death, events may transpire that you hadn’t anticipated or couldn’t have
Some people who begin claiming Social Security benefits are surprised to find out they’re taxed by the federal government on
The next quarterly estimated tax payment deadline is June 15 for individuals and businesses so it’s a good time to