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
Traditional and Roth IRAs can be powerful estate planning tools. With a “self-directed” IRA, you may be able to amp
Earlier this year, the IRS published a proposed safe harbor giving owners of certain rental real estate interests the opportunity
As we head toward the gift-giving season, you may be considering giving gifts of cash or securities to your loved
As we head toward the gift-giving season, you may be considering giving gifts of cash or securities to your loved
Fewer people currently are subject to transfer taxes than ever before. But gift, estate and generation-skipping transfer (GST) taxes continue
The IRS has released final regulations and another round of proposed regs for the first-year 100% bonus depreciation deduction. The
Traditionally, trusts used in estate planning contain “Crummey” withdrawal powers to ensure that contributions qualify for the annual gift tax
Hidden assets can be an issue in a variety of contexts — from divorce to bankruptcy to fraud. An acrimonious
Do you want to withdraw cash from your closely held corporation at a low tax cost? The easiest way is
In addition to the difficult personal issues that divorce entails, several tax concerns need to be addressed to ensure that
A primary estate planning goal for most people is to hold on to as much of their wealth as possible
If philanthropy is an important part of your estate planning legacy, consider taking steps to ensure that your donations are
Life insurance can be a powerful financial and estate planning tool, but its benefits may be reduced or even eliminated
The election of Donald Trump as President of the United States could result in major tax law changes in 2017.
Special tax benefits for military members. The IRS reminds service members that they may qualify for special tax benefits. These
What’s your status? An accurate tax return depends partly on using the right filing status. When one taxpayer’s living situation
Saving for retirement can be tough if you’re putting most of your money and time into operating a small
U.S. multinationals optimistic for another repatriation holiday. President-elect Trump’s election win moves large U.S. corporations closer than they’ve been in
Could on-site childcare become more attractive for businesses under President-elect Trump? On his website, Trump proposed during the campaign to
Will you owe the 3.8% net investment income tax (NIIT) on unearned income? Try to reduce your exposure. It’s a
Many tax breaks are reduced or eliminated for higher-income taxpayers. Two of particular note are the itemized deduction reduction and
In addition to income tax, you must pay Social Security and Medicare taxes on earned income, such as salary and
Typically, it’s better to defer tax. One way is through controlling when your business recognizes income and incurs deductible expenses.
There’s a lot to think about when you change jobs, and it’s easy for a 401(k) or other employer-sponsored retirement