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
It’s crucial to review and update your estate plan in light of significant life changes or new tax laws. It’s
Investment interest — interest on debt used to buy assets held for investment, such as margin debt used to buy
At the beginning of the year, many people decide they’re going to get in the best shape of their lives.
Bonus depreciation allows businesses to recover the costs of depreciable property more quickly by claiming additional first-year depreciation for qualified
While it’s natural to set up trusts in the state where you live, you may be losing out on significant
IRS permits same-sex couples to recalculate marital exclusion amounts http://bit.ly/2jsmUPY
Many businesses receive payment in advance for goods and services. Examples include magazine subscriptions, long-term supply contracts, organization memberships, computer
As the saying goes, nothing lasts forever — and that goes for most companies. Then again, with the right succession
The most useful metric to gauge a company’s performance isn’t necessarily net income, pretax profits or earnings per share, as
The executor’s role is critical to the administration of an estate and the achievement of estate planning objectives. So your
If you’re like many Americans, you might not start thinking about filing your tax return until close to this year’s
Do you start thinking about filing your tax return when it gets close to the April deadline? You might even
If you donate valuable items to charity, you may be required to get an appraisal. The IRS requires donors and
In some cases, homeowners decide to move to new residences, but keep their present homes and rent them out. If
Adding a new partner in a partnership has several financial and legal implications. Let’s say you and your partners are
Estate tax planning can become complicated when multiple parties are involved. For example, you may be concerned about providing assets
The tax filing deadline for 2021 tax returns is April 18 this year. After your 2021 tax return has been
The tax filing deadline for 2021 tax returns is April 18 this year. After your 2021 tax return has been
In a historically tenuous time to retain employees, small employers are particularly at risk. Whereas a large employer might be
The “stretch” IRA generally no longer exists. But if you have a substantial balance in a traditional IRA, a properly
If you made large gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re
In today’s economy, many small businesses are strapped for cash. They may find it beneficial to barter or trade for
Precise language is critical in wills, trusts and other estate planning documents. A lack of clarity may be an invitation
If you’re getting ready to file your 2021 tax return, and your tax bill is more than you’d like, there