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
While the Tax Cuts and Jobs Act (TCJA) reduces most income tax rates and expands some tax breaks, it limits
It’s probably safe to say that most employers have created some form of an employee handbook. But just because your
Donating to charity is a key estate planning strategy for many people. It reduces the size of your taxable estate
Limited liability company (LLC) members commonly claim that their distributive shares of LLC income — after deducting compensation for services
When you file your 2018 income tax return, you’ll likely find that some big tax law changes affect you —
Have you made substantial gifts of wealth to family members? Or are you the executor of the estate of a
It’s not uncommon for employers in some industries and localities to occasionally rehire a previously terminated employee. Should such a
The flat 21% federal income tax rate for C corporations under the Tax Cuts and Jobs Act (TCJA) has been
The IRS opened the 2018 income tax return filing season on January 28. Even if you typically don’t file until
The right estate planning strategy for you likely is the one that will produce the greatest tax savings for your
In the simplest of worlds, an employee effectively performs a set of tasks on an agreed-upon schedule and you pay
While you probably don’t have any problems paying your tax bills, you may wonder: What happens in the event you
Did you recently file your federal tax return and were surprised to find you owed money? You might want to
If you own or manage a business with employees, you may be at risk for a severe tax penalty. It’s
You’ve probably seen it in the movies or on TV: A close-knit family gathers to find out what’s contained in
During the COVID-19 pandemic, many small businesses are strapped for cash. They may find it beneficial to barter for goods
Nearly everyone owns at least some digital assets, such as online bank and brokerage accounts, bill-paying services, cloud-based document storage,
If you have adopted children or unadopted stepchildren, estate planning is critical to ensure that your property is distributed the
If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for
A widely circulated article about the COVID-19 pandemic, written by author Tomas Pueyo in March, described efforts to cope with
You may think of trusts as estate planning tools — vehicles for reducing taxes after your death. While trusts can
The extended federal income tax deadline is approaching. The IRS postponed until July 15 many payment and filing deadlines. The
The IRS and the U.S. Treasury had disbursed 160.4 million Economic Impact Payments (EIPs) as of May 31, 2020, according