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
Retirement planning is essential for all families, but it can be especially critical for couples where one spouse earns little
The alternative minimum tax (AMT) is a separate federal income tax system that bears some resemblance to the regular federal
As the federal gift and estate tax exemption increases, the number of families affected by gift and estate tax liability
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) has introduced significant tax changes that could affect families across the country. While
Including a letter of instruction in your estate plan is a simple yet powerful way to communicate your personal wishes
The One Big Beautiful Bill Act (OBBBA) includes a number of beneficial changes that will help small business taxpayers. Perhaps
The qualified business income (QBI) deduction, which became effective in 2018, is a significant tax benefit for many business owners.
Incorporating charitable giving into your estate plan can be a thoughtful and strategic way to support causes you care about
The federal government has announced a major change that will affect how numerous Americans receive their tax refunds and federal
As 2025 began, individual taxpayers faced uncertainty with several key provisions of the tax law that were set to expire
For some time, President Trump and the GOP have had their sights on repealing many of the tax incentives created
Year-round tax planning generally produces the best results, but there are some steps you can still take in December to
Beginning in 2026, taxpayers in the top federal income tax bracket will see their itemized deductions reduced. If you’re at
A qualified terminable interest property (QTIP) trust can be a valuable estate planning tool if you have a blended family.
If you have a flexible spending account (FSA) through your employer to help pay for health or dependent care expenses,
Just because it’s December doesn’t mean it’s too late to reduce your 2025 tax liability. Consider implementing one or more
A living trust is one of the most versatile estate planning tools available. It offers a streamlined way to manage
Now is a good time to review your business’s expenses for deductibility. Accelerating deductible expenses into this year generally will
When creating a will, most people focus on the big-ticket items — including who gets the house, the car and
Saving taxes probably isn’t your primary reason for supporting your favorite charities. But tax deductions can be a valuable added
If you pay more than $10,000 in state and local taxes (SALT), a provision of the One Big Beautiful Bill
Making sure your family will be able to locate your estate planning documents when needed is one of the most
Now is the time of year when taxpayers search for last-minute moves to reduce their federal income tax liability. Adding