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 certain employers, particularly small businesses, introducing a retirement plan for employees may seem like a daunting task. The company
If you’re the owner of a small business, you may think of your tight-knit group of employees as a family.
The Tax Cuts and Jobs Act (TCJA) includes a provision that Secretary of the Treasury Steven Mnuchin said should lead
Some of your medical expenses may be tax deductible, but only if you itemize deductions and have enough expenses to
Every year, when baseball season finally ends, a most valuable player (MVP) is named in each league. Not everyone agrees
Online shopping enables consumers to buy almost anything from the convenience of their own homes. But comfortable surroundings can lull
As we approach the end of the year, it’s a good idea to review your business’s expenses for deductibility. At
Many people choose to pass assets to the next generation during life, whether to reduce the size of their taxable
If you hold significant real estate investments, tenancy-in-common (TIC) ownership can be a powerful, versatile estate planning tool. A TIC
Section 529 plans are a popular education-funding tool because of tax and other benefits. Two types are available: 1) prepaid
If you’re age 70½ or older, you can make direct contributions — up to $100,000 annually — from your IRA
For investors, fall is a good time to review year-to-date gains and losses. Not only can it help you assess