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
By temporarily doubling the gift and estate tax exemption, the Tax Cuts and Jobs Act (TCJA) opened a window of
The IRS recently issued its 2020 cost-of-living adjustments. With inflation remaining largely in check, many amounts increased slightly, and some
Are you charitably minded and have a significant amount of money in an IRA? If you’re age 70½ or older,
The first tax-filing season under the Tax Cuts and Jobs Act (TCJA) was a time of uncertainty for many businesses
The Tax Cuts and Jobs Act (TCJA) reduced individual income tax rates, but it left the 3.8% net investment income
Fall is in the air and that means it’s time to turn your attention to year-end tax planning. While several
There are good reasons why estate planning advisors recommend you revisit and, if necessary, revise your estate plan periodically: changing
Despite what you might think, estate planning isn’t limited to only the rich and famous. In fact, your family is
Let’s say you’re charitably inclined but have concerns about maintaining a sufficient amount of income to meet your current needs.
The U.S. Department of Labor (DOL) has released the finalized rule on overtime exemptions for white-collar workers under the Fair
The Tax Cuts and Jobs Act (TCJA) created a new general business tax credit for certain businesses that grant their
As an employer, you must pay federal unemployment (FUTA) tax on amounts up to $7,000 paid to each employee as