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
Last minute tax-saving business tips. As year-end approaches, if you own a business you could benefit from some tax-trimming moves.
Gamblers couldn’t deduct losses. “Professional” gamblers can deduct losses equal to their winnings, but the burden of proving the deduction
Exempt status revoked, but not denied. A volunteer fire department provided fire protection, ambulance and rescue services to the community.
Summons issued to bitcoin exchange. Coinbase, the nation’s largest bitcoin exchange firm, has been served with an IRS summons seeking
Attention employers: There are three ways to set up an automatic enrollment 401(k) plan. Many Americans are unprepared for retirement
Security tips for taxpayers. The IRS suggests that you always: use security software with firewall and antivirus protections, make sure
IRS puts personal info at risk. Employees in the IRS Small Business/Self-Employed Division often don’t follow the agency’s email policies
Expecting tax cuts next year? President-elect Trump declared one of his top priorities to be passage of a “major tax
Distributor’s TV packages don’t qualify. In two similar Technical Advice Memorandums, the IRS determined that a television subscription package sold
Taxpayers denied child tax breaks. For part of a year, a married couple lived with a child from the wife’s
The last month or so of the year offers accrual-basis taxpayers an opportunity to make some timely moves that might
Accrual-basis taxpayer? One way to save tax is to properly record and recognize expenses that were incurred this year but