GPKLEG Blog
News & Helpful Tips
If you’re a real estate developer or a small business owner who owns commercial real estate, you might be thinking
Estate planning can be overwhelming. One reason is that it has a language all its own. While you may be
When companies reissue prior financial statements, it raises a red flag to investors and lenders. But not all restatements are
Most business owners spend a lifetime building their business. And when it comes to succession, they face the difficult decision
Employee benefit plans with 100 or more participants must generally provide an audit report when filing IRS Form 5500 each
Bartering might seem like something that happened only in ancient times, but the practice is still common today. And the
While April 15 (April 18 this year) is the main tax deadline on most individual taxpayers’ minds, there are others
A life insurance policy can be an important part of an estate plan. The tax benefits are twofold: The policy
Grandparents often want to play a role in financing their grandchildren’s education. If you’re one of them, it’s important to
If you run a business “on the side” and derive most of your income from another source (whether from another
Like many businesses, yours may allow retirement plan participants to take out loans from their accounts. Such loans are governed
There are few events that can completely upend a person’s life more than divorce. Of course, there’s the emotional toll
An agreed upon procedures (AUP) engagement uses procedures similar to an audit, but on a smaller and limited scale. Here’s
Company retreats can cost enormous amounts of time and money. Are they worth it? Sometimes. Large-scale get-togethers can involve considerable
For many people, pets are more than just animals — they’re cherished members of the family. Yet, when it comes
The U.S. House of Representatives has passed its budget reconciliation bill, dubbed The One, Big, Beautiful Bill. Among other things,
Suppose your adult child or friend needs to borrow money. Maybe it’s to buy a first home or address a
Have you ever invested in a company only to see its stock value plummet? (This may become relevant in light
If you inherit assets after a loved one passes away, they often arrive with a valuable — but frequently misunderstood
Once your 2024 tax return is in the hands of the IRS, you may be tempted to clear out file
President Trump’s “Liberation Day” announcement of global tariffs caught businesses, as well as foreign countries and worldwide financial markets, off
When it’s time to consider your business’s future, succession planning can protect your legacy and successfully set up the next
When estate planning, it’s common for parents to leave their primary residence or a vacation home to their children. While
Are you starting a business with partners and deciding on the right entity? An S corporation might be the best
Prior to the enactment of the Tax Cuts and Jobs Act (TCJA), businesses were able to claim a tax deduction
If you’ve given a significant financial gift to a family member, you may wonder whether you’re required to file a