CELEBRATING OVER SIXTY FIVE YEARS

CELEBRATING OVER
SIXTY FIVE YEARS

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

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

Like many business owners, you might also own highly appreciated business or investment real estate. Fortunately, there’s an effective tax

Yes, there’s still time to make 2016 contributions to your IRA. The deadline for such contributions is April 18, 2017.

Although probate can be time consuming and expensive, perhaps its biggest downside is that it’s public — anyone who’s interested

The federal income tax filing deadline for calendar-year partnerships, S corporations and limited liability companies (LLCs) treated as partnerships or

It’s not uncommon for adult children to help support their aging parents. If you’re in this position, you might qualify

Estate planning isn’t just about what happens to your assets after you die. It’s also about protecting yourself and your

Most business owners spend a lifetime building their business. And when it comes to succession, they face the difficult decision

If you own a home and rent it to a relative, you may be surprised to find out there could

On December 23, 2022, Congress passed the Consolidated Appropriations Act of 2023. The sprawling year-end spending “omnibus” package includes two

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2023. Keep

A smart estate plan should leave no doubt as to your intentions. Writing a letter of instruction can go a

As you may know, you can’t keep funds in your traditional IRA indefinitely. You have to start taking withdrawals from

You’d be surprised how often people fail to disclose foreign assets to their estate planning advisors. They assume that these

If you’re thinking about selling stock shares at a loss to offset gains that you’ve realized during 2022, it’s important

Two tax benefits are available to offset the expenses of adopting a child. In 2022, adoptive parents may be able

If you’re taking a second trip down the aisle, you may have different expectations than you did when you got

Many people have savings bonds that were purchased many years ago. Perhaps they were given to your children as gifts

These days, most businesses have some intangible assets. The tax treatment of these assets can be complex. What makes intangibles

You create an estate plan to meet technical objectives, such as minimizing gift and estate taxes and protecting your assets