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
Many business owners are accustomed to running the whole show. But as your company grows, you’ll likely be better off
Some business owners make major decisions by relying on gut instinct. But investments made on a “hunch” often fall short
As you file your 2016 return and plan your charitable giving for 2017, it’s important to keep in mind the
Rather than keeping track of the actual cost of operating a vehicle, employees and self-employed taxpayers can use a standard
Because restricted gifts have stringent rules attached, they can be difficult for not-for-profits to manage and account for. How, then,
Last year you may have made significant gifts to your children, grandchildren or other heirs as part of your estate
Simplified Employee Pensions (SEPs) are sometimes regarded as the “no-brainer” first choice for high-income small-business owners who don’t currently have
Incentive stock options allow you to buy company stock in the future at a fixed price equal to or greater
Sharing your wealth with a favorite charity can benefit those in need and reduce your taxable estate. In addition, your
The Section 199 deduction is intended to encourage domestic manufacturing. In fact, it’s often referred to as the “manufacturers’ deduction.”
Was a college student in your family last year? Or were you a student yourself? You may be eligible for
“I’m taking a sick day!” This familiar refrain usually is uttered with just cause, but not always. What if there