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
Sometimes estates that are large enough for estate taxes to be a concern are asset rich but cash poor, without
In April 2018, the IRS released temporary guidance on the amended limit on deductions for business interest expense for tax
Many factors go into the success of a company. You’ve got to offer high-quality products or services, provide outstanding customer
The holiday season is a great time for businesses to show their appreciation for employees and customers by giving them
Will you be age 50 or older on December 31? Are you still working? Are you already contributing to your
Estate planning typically focuses on what happens to your children and your assets when you die. But it’s equally important
If most of your money is tied up in your business, retirement can be a challenge. So if you haven’t
As we approach the end of 2018, it’s a good idea to review the mutual fund holdings in your taxable
An IRA is a popular vehicle to save for retirement, and it can also be a powerful estate planning tool.
The Tax Cuts and Jobs Act (TCJA) has enhanced two depreciation-related breaks that are popular year-end tax planning tools for
If you’re an executive or other key employee, your employer may offer you a nonqualified deferred compensation (NQDC) plan. As
Your estate plan shouldn’t be a static document. It needs to change as your life changes. Year end is the
When it’s time to consider your business’s future, succession planning can protect your legacy and successfully set up the next
When estate planning, it’s common for parents to leave their primary residence or a vacation home to their children. While
Are you starting a business with partners and deciding on the right entity? An S corporation might be the best
Prior to the enactment of the Tax Cuts and Jobs Act (TCJA), businesses were able to claim a tax deduction
If you’ve given a significant financial gift to a family member, you may wonder whether you’re required to file a
If you made significant gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re
Even if you’re single and have no children, having an estate plan helps ensure your final wishes are clearly documented
Victims of presidentially declared disasters in recent years who couldn’t previously claim a casualty loss deduction may now be able
A revocable trust (sometimes referred to as a “living trust”) is a popular estate planning tool that allows you to
Retirement is often viewed as an opportunity to travel, spend time with family or simply enjoy the fruits of a
Your estate plan is the perfect place to make charitable gifts if you’re a charitably inclined individual. One vehicle to
The Child Tax Credit (CTC) has long been a valuable tax break for families with qualifying children. Whether you’re new