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
A potential downside of tax-deferred saving through a traditional retirement plan is that you’ll have to pay taxes when you
For many, an important estate planning goal is to encourage their children or other heirs to lead responsible, productive lives.
If you’re interested in lending money to your children or other family members, consider establishing a “family bank.” These entities
Every company has at least one owner. And, in many cases, there exists leadership down through the organizational chart. But
Many companies take an ad hoc approach to technology. If you’re among them, it’s understandable; you probably had to automate
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 your estate plan includes a revocable trust — also known as a “living” trust — it’s critical to ensure
A strong economy leads some company owners to cut back on marketing. Why spend the money if business is so
Because they foster a collegial, trusting environment, law firms can be more vulnerable to fraud than many other types of
As an individual, you’ve no doubt been urged to regularly check your credit score. Most people nowadays know that,
If you’re the parent of a child who is age 17 to 23, and you pay all (or most) of
For years, life insurance has played a critical role in estate planning, providing a source of liquidity to pay estate
Every employer needs to keep records on pay, hours, workplace injuries and the like. And, of course, the fun doesn’t
The Trump administration has released its long-awaited proposed rule to update the overtime exemptions for so-called white-collar workers under the
In the broadest sense, strategic planning comprises two primary tasks: establishing goals and achieving them. Many business owners would probably
The Tax Cuts and Jobs Act created a new federal tax credit for employers that provide qualified paid family and
Did you make large gifts to your children, grandchildren or other heirs last year? If so, it’s important to determine
No matter how much effort you’ve invested in designing your estate plan, your will, trusts and other official documents may