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
Identity theft isn’t just a consumer problem. Criminals steal the identities of businesses, too. In addition to filing fraudulent tax
Of course, you expect the declarations in your will to be carried out, as required by law. Usually, that’s exactly
It’s easy to get frustrated when an employee is failing to produce the volume or quality of work you’re looking
Every year is a journey for a business. You begin with a set of objectives for the months ahead, probably
Many Americans relocate to another state when they retire. If you’re thinking about such a move, state and local taxes
Many estate planning techniques are intended to minimize or even eliminate gift and estate taxes when transferring assets to family
Over the last several years, virtual currency has become increasingly popular. Bitcoin is the most widely recognized form of virtual
A common estate planning mistake is to designate a minor as beneficiary — or contingent beneficiary — of a life
If you own a business and have a child in high school or college, hiring him or her for the
Today many employees receive stock-based compensation from their employer as part of their compensation and benefits package. The tax consequences
An irrevocable trust has long been a key component of many estate plans. But what if it no longer serves
Most businesses approach technology as an evolving challenge. You don’t want to overspend on bells and whistles you’ll never fully
The year 2020 has taught businesses many lessons. The sudden onset of the COVID-19 pandemic followed by drastic changes to
As we approach the end of the year, it’s a good time to think about whether your business needs to
Are you thinking about selling stock shares at a loss to offset gains that you’ve realized during 2020? If so,
According to literature, the “seven deadly sins” are lust, gluttony, greed, laziness, wrath, envy and pride. Although individuals may be
By now, some businesses have completed their 2021 budgets while others are still crunching numbers and scrutinizing line items. As
As year end approaches, it’s a good idea for calendar-year entities to review the guidelines for recognizing revenue and expenses.
S corporations must comply with several strict requirements or risk losing their tax-advantaged status. Among other things, they can have
S corporations can provide tax advantages over C corporations in the right circumstances. This is true if you expect that
The IRS, U.S. Department of Labor and Department of Health and Human Services recently issued interim final regulations addressing group
From natural disasters and government shutdowns to cyberattacks and fraud, risks abound in today’s volatile, uncertain marketplace. While some level
Small business owners are well aware of the increasing cost of employee health care benefits. As a result, your business
Now that Joe Biden has been projected as the winner of the presidential election by major news outlets,* you may