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
If your estate plan includes a revocable trust — also known as a “living” trust — it’s critical to ensure
A strong economy leads some company owners to cut back on marketing. Why spend the money if business is so
Because they foster a collegial, trusting environment, law firms can be more vulnerable to fraud than many other types of
As an individual, you’ve no doubt been urged to regularly check your credit score. Most people nowadays know that,
If you’re the parent of a child who is age 17 to 23, and you pay all (or most) of
For years, life insurance has played a critical role in estate planning, providing a source of liquidity to pay estate
Every employer needs to keep records on pay, hours, workplace injuries and the like. And, of course, the fun doesn’t
The Trump administration has released its long-awaited proposed rule to update the overtime exemptions for so-called white-collar workers under the
In the broadest sense, strategic planning comprises two primary tasks: establishing goals and achieving them. Many business owners would probably
The Tax Cuts and Jobs Act created a new federal tax credit for employers that provide qualified paid family and
Did you make large gifts to your children, grandchildren or other heirs last year? If so, it’s important to determine
No matter how much effort you’ve invested in designing your estate plan, your will, trusts and other official documents may
Many people choose to pass assets to the next generation during life, whether to reduce the size of their taxable
If you hold significant real estate investments, tenancy-in-common (TIC) ownership can be a powerful, versatile estate planning tool. A TIC
Section 529 plans are a popular education-funding tool because of tax and other benefits. Two types are available: 1) prepaid
If you’re age 70½ or older, you can make direct contributions — up to $100,000 annually — from your IRA
For investors, fall is a good time to review year-to-date gains and losses. Not only can it help you assess
If you are about to receive an inheritance from a family member, you can use a qualified disclaimer to refuse
If you’re charitably inclined and you collect art, appreciated artwork can make one of the best charitable gifts from a
Do you own a vacation home? If you both rent it out and use it personally, you might save tax
If you’ve worked a lifetime to build a large estate, you undoubtedly would like to leave a lasting legacy to
If you dream of spending your golden years in a tropical paradise, a culture-rich European city or another foreign locale,
For many people, a family-owned business is their primary source of wealth, so it’s critical to plan carefully for the
The Tax Cuts and Jobs Act (TCJA) created a new general business tax credit for certain businesses that grant their