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
Years ago, Congress enacted the “kiddie tax” rules to prevent parents and grandparents in high tax brackets from shifting income
You probably don’t have to be told about the need for a will. But do you know what provisions should
The U.S. Department of Labor (DOL) has released a final rule which should make it easier for smaller businesses to
When drafting your estate plan, you and your attorney must account for what happens to your children and your assets
Working from home has its perks. Not only can you skip the commute, but you also might be eligible to
You may have heard of the “nanny tax.” But even if you don’t employ a nanny, it may apply to
When it comes to estate planning, trusts are appealing for many reasons. They can enable you to hold and transfer
Many businesses struggle to turn abstract strategic-planning ideas into concrete, actionable plans. One reason why is simple: ineffective meetings. The
There’s good news about the Section 179 depreciation deduction for business property. The election has long provided a tax windfall
You may have heard about a proposal in Washington to cut the taxes paid on investments by indexing capital gains
If you own an interest in a closely held business, it’s critical to have a well-designed, properly funded buy-sell agreement.
Accounting software typically sells itself as much more than simple spreadsheet or ledger. The products tend to pride themselves on
Mutual funds offer an easy way to invest in a diversified portfolio compared to buying individual stocks and bonds. But
If you’re a real estate developer or a small business owner who owns commercial real estate, you might be thinking
Estate planning can be overwhelming. One reason is that it has a language all its own. While you may be
If you run your business as a C corporation, you may be eligible for a potentially significant tax break for
Businesses that own commercial real property may be sitting on an overlooked treasure chest of tax savings — and a
Powers of appointment allow a trusted individual (the “holder”) to adjust how assets are distributed after your death, based on
If you’re self-employed, you probably have questions about deducting business expenses on your federal income tax return. Here’s a quick
Tax scammers continue to target taxpayers through email, text messages, phone calls and regular mail. They often try to create
Many parents assume an estate plan is only necessary for older adults or those with substantial wealth. However, once your
Whether you’re relocating for work, retirement, family or lifestyle reasons, state taxes can have a significant financial impact. Taxes vary
Many parents don’t know that the so-called “kiddie tax” exists. Others assume it affects only minor children. But it also
A properly structured grantor retained annuity trust (GRAT) can be a powerful tool for those with estates large enough that