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
For 2020, the lifetime gift and estate tax exemption has reached a whopping $11.58 million ($23.16 million for married couples).
To guard against natural disasters and other calamities, many companies buy business interruption insurance. These policies provide cash flow to
Finding the right person to head up your company’s finance and accounting department can be challenging in today’s tight labor
Right now, you may be more concerned about your 2019 tax bill than you are about your 2020 tax situation.
The word “concentration” is usually associated with a strong ability to pay attention. Business owners are urged to concentrate when
If you’re in line to inherit property from a parent or other loved one, it’s critical to understand the basis
Contingent liabilities reflect amounts that your business might owe if a specific “triggering” event happens in the future. Sometimes companies
The Setting Every Community Up for Retirement Enhancement (SECURE) Act is the first significant retirement-related legislation in more than a
An array of tax-related limits that affect businesses are annually indexed for inflation, and many have increased for 2020. Here
Traditional estate planning strategies generally are based on the assumption that all family members involved are U.S. citizens. However, if
Before you jump headfirst into the year-end financial reporting process, review the role independent audit committees play in providing investors
To help you make sure you don’t miss any important 2020 deadlines, we’ve provided this summary of when various tax-related