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
Many business owners are accustomed to running the whole show. But as your company grows, you’ll likely be better off
Some business owners make major decisions by relying on gut instinct. But investments made on a “hunch” often fall short
As you file your 2016 return and plan your charitable giving for 2017, it’s important to keep in mind the
Rather than keeping track of the actual cost of operating a vehicle, employees and self-employed taxpayers can use a standard
Because restricted gifts have stringent rules attached, they can be difficult for not-for-profits to manage and account for. How, then,
Last year you may have made significant gifts to your children, grandchildren or other heirs as part of your estate
Simplified Employee Pensions (SEPs) are sometimes regarded as the “no-brainer” first choice for high-income small-business owners who don’t currently have
Incentive stock options allow you to buy company stock in the future at a fixed price equal to or greater
Sharing your wealth with a favorite charity can benefit those in need and reduce your taxable estate. In addition, your
The Section 199 deduction is intended to encourage domestic manufacturing. In fact, it’s often referred to as the “manufacturers’ deduction.”
Was a college student in your family last year? Or were you a student yourself? You may be eligible for
“I’m taking a sick day!” This familiar refrain usually is uttered with just cause, but not always. What if there
As we all know, medical services and prescription drugs are expensive. You may be able to deduct some of your
The word “probate” may conjure images of lengthy delays waiting for wealth to be transferred and bitter disputes among family
In certain cases, the IRS is required to use private debt collection agencies (PCAs) to collect the amounts owed. The
At this time of year, many business owners ask if there’s anything they can do to save tax for the
For tax purposes, December 31 means more than New Year’s Eve celebrations. It affects the filing status box that will
If you have minor children, arguably the most important estate planning decision you need to make is choosing a guardian
A job description may seem like just so many words on a page or website. But those words have power.
The IRS has issued new guidance updating the rules for using optional standard mileage rates when calculating “above-the-line” deductions for
The right entity choice can make a difference in the tax bill you owe for your business. Although S corporations
You can reduce taxes and save for retirement by contributing to a tax-advantaged retirement plan. If your employer offers a
The Tax Cuts and Jobs Act (TCJA) made only one change to the federal gift and estate tax regime, but
Year end can be a stressful time for those in ownership and management positions. Along with having to tackle myriad