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
By temporarily doubling the gift and estate tax exemption, the Tax Cuts and Jobs Act (TCJA) opened a window of
The IRS recently issued its 2020 cost-of-living adjustments. With inflation remaining largely in check, many amounts increased slightly, and some
Are you charitably minded and have a significant amount of money in an IRA? If you’re age 70½ or older,
The first tax-filing season under the Tax Cuts and Jobs Act (TCJA) was a time of uncertainty for many businesses
The Tax Cuts and Jobs Act (TCJA) reduced individual income tax rates, but it left the 3.8% net investment income
Fall is in the air and that means it’s time to turn your attention to year-end tax planning. While several
There are good reasons why estate planning advisors recommend you revisit and, if necessary, revise your estate plan periodically: changing
Despite what you might think, estate planning isn’t limited to only the rich and famous. In fact, your family is
Let’s say you’re charitably inclined but have concerns about maintaining a sufficient amount of income to meet your current needs.
The U.S. Department of Labor (DOL) has released the finalized rule on overtime exemptions for white-collar workers under the Fair
The Tax Cuts and Jobs Act (TCJA) created a new general business tax credit for certain businesses that grant their
As an employer, you must pay federal unemployment (FUTA) tax on amounts up to $7,000 paid to each employee as
A variety of tax-related limits that affect businesses are indexed annually based on inflation. Many have increased for 2025, but
An inheritor’s trust is a specialized estate planning tool designed to protect and manage assets you pass to a beneficiary.
Businesses in certain industries employ service workers who receive tips as a large part of their compensation. These businesses include
Chances are, you’re more concerned about your 2024 tax return right now than you are about your 2025 tax situation.
Your estate plan is the perfect place to make charitable gifts if you’re a charitably inclined individual. One vehicle to
Retirement is often viewed as an opportunity to travel, spend time with family or simply enjoy the fruits of a
President Trump and the Republican Congress plan to act swiftly to make broad changes to the United States — including
Medicare health insurance premiums can add up to big bucks — especially if you’re upper-income, married, and you and your
The nationwide price of gas is slightly higher than it was a year ago and the 2025 optional standard mileage
Traditional estate planning strategies generally are based on the assumption that all family members involved are U.S. citizens. However, if
Once you reach age 73, tax law requires you to begin taking withdrawals — called Required Minimum Distributions (RMDs) —
It’s not uncommon for people who live in states with high income taxes to relocate to states with more favorable