GPKLEG Blog
News & Helpful Tips
Audit preparation should begin long before fieldwork starts. Giving your accounting team and external auditor time to address significant transactions,
Fraud risks change as your business and its external market conditions evolve. Controls that were previously effective may no longer
Life insurance can be a powerful financial and estate planning tool, but its benefits can be reduced or even eliminated
With the lifetime gift and estate tax exemption at $11.40 million for 2019 ($11.58 million for 2020), you may think
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
Now that the April 18 income tax filing deadline has passed, it may be tempting to set aside any thought