CELEBRATING OVER SIXTY FIVE YEARS

CELEBRATING OVER
SIXTY FIVE YEARS

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

Divorce is stressful under any circumstances, but for business owners, the process can be even more complicated. Your business ownership

A major tax change is here for businesses with research and experimental (R&E) expenses. On July 4, 2025, the One

For family business owners, an estate plan and a succession plan often work in tandem, ensuring that both personal and

By purchasing stock in certain small businesses, you can diversify your investment portfolio. You also may enjoy preferential tax treatment,

One of the most critical decisions entrepreneurs make when starting or restructuring a business is choosing the right entity type.

Payable-on-death (POD) and transfer-on-death (TOD) accounts are attractive estate planning tools because they allow assets to pass directly to named

If you own an unincorporated small business, you may be frustrated with high self-employment (SE) tax bills. One way to

If you make quarterly estimated tax payments, the amount you owe may be affected by the One Big Beautiful Bill

Make no mistake, serving as an executor (or a “personal representative” in some states) is an honor. But the title

The federal government has announced a major change that will affect how numerous Americans receive their tax refunds and federal

The One, Big Beautiful Bill Act (OBBBA) contains a major overhaul to an outdated IRS requirement. Beginning with payments made

As its name suggests, a living trust (also known as a revocable trust) is in effect while you’re alive. It’s

Technology has made it easier to work from home so lots of people now commute each morning to an office

The Tax Cuts and Jobs Act created a new program to encourage investment in economically distressed areas through generous tax

In its 2018 decision in South Dakota v. Wayfair, the U.S. Supreme Court upheld South Dakota’s “economic nexus” statute, expanding

The number of people engaged in the “gig” or sharing economy has grown in recent years, according to a 2019

The IRS has issued final regulations that should provide comfort to taxpayers interested in making large gifts under the current

With its winter recess looming before it, Congress has engaged in a flurry of activity. Most notably, it reached agreement

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2020. Keep

If you’re adopting a child, or you adopted one this year, there may be significant tax benefits available to offset

Business owners are urged to create succession plans for the good of their families and their employees. But there’s someone

The IRS recently issued guidance on how businesses, self-employed individuals and qualified employees can use the per diem rules to

Life insurance can be a powerful financial and estate planning tool, but its benefits can be reduced or even eliminated

With the lifetime gift and estate tax exemption at $11.40 million for 2019 ($11.58 million for 2020), you may think