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
Years ago, Congress enacted the “kiddie tax” rules to prevent parents and grandparents in high tax brackets from shifting income
You probably don’t have to be told about the need for a will. But do you know what provisions should
The U.S. Department of Labor (DOL) has released a final rule which should make it easier for smaller businesses to
When drafting your estate plan, you and your attorney must account for what happens to your children and your assets
Working from home has its perks. Not only can you skip the commute, but you also might be eligible to
You may have heard of the “nanny tax.” But even if you don’t employ a nanny, it may apply to
When it comes to estate planning, trusts are appealing for many reasons. They can enable you to hold and transfer
Many businesses struggle to turn abstract strategic-planning ideas into concrete, actionable plans. One reason why is simple: ineffective meetings. The
There’s good news about the Section 179 depreciation deduction for business property. The election has long provided a tax windfall
You may have heard about a proposal in Washington to cut the taxes paid on investments by indexing capital gains
If you own an interest in a closely held business, it’s critical to have a well-designed, properly funded buy-sell agreement.
Accounting software typically sells itself as much more than simple spreadsheet or ledger. The products tend to pride themselves on