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
What if the unthinkable happens and your spouse dies unexpectedly? Would you be prepared to cope emotionally and financially? As
An annual estate plan checkup is critical to the health of your estate plan. Because various exclusion, exemption and deduction
Retirement plan contribution limits are indexed for inflation, and many have gone up for 2019, giving you opportunities to increase
Estate planning aims to help individuals achieve several important goals — primary among them, transferring wealth to loved ones at
Business owners engaged in fraudulent activities often try to manipulate their companies’ financial statements. Fortunately for fraud experts, business owners’
A revocable trust isn’t effective unless you fund it by transferring ownership of assets to the trust. Transferring a vehicle
If your son or daughter currently is home from college on winter break, now is a good time to sit
Portability allows a surviving spouse to apply a deceased spouse’s unused estate tax exemption amount toward his or her own
If you or one of your adult children is getting married, you may be concerned about protecting your family’s assets
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2019. Keep
As the holidays approach and the year draws to a close, many taxpayers make charitable gifts — both in the
Prepaying property taxes related to the current year but due the following year has long been one of the most
Are you wondering if the passive activity loss rules affect business ventures you’re engaged in — or might engage in?
If you invest in mutual funds, be aware of some potential pitfalls involved in buying and selling shares. Surprise sales
You may view your will as the centerpiece of your estate plan. But other documents can complement it. For example,
October 15 is the deadline for individual taxpayers who extended their 2019 tax returns. (The original April 15 filing deadline
Election years often lead to uncertainty for businesses, but 2020 surely takes the cake when it comes to unpredictability. Amid
As a result of the current estate tax exemption amount ($11.58 million in 2020), many estates no longer need to
Like so many things this year, the recommended practices for your annual end-of-the-year tax planning reflect the COVID-19 pandemic and
Do you buy or lease computer software to use in your business? Do you develop computer software for use in
The business use of websites is widespread. But surprisingly, the IRS hasn’t yet issued formal guidance on when Internet website
In some cases, investors have significant related expenses, such as the cost of subscriptions to financial periodicals and clerical expenses.
Generally, the proceeds of your life insurance policy are included in your taxable estate. You can remove them by transferring
With the presidential election only weeks away, many people are beginning to pay closer attention to each candidate’s positions on