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
The executor’s role is critical to the administration of your estate and the achievement of your estate planning objectives. So
Although planning is needed to help build the biggest possible nest egg in your traditional IRA (including a SEP-IRA and
Owners of closely held corporations are often interested in easily withdrawing money from their businesses at the lowest possible tax
If you recently launched a business, you may want to set up a tax-favored retirement plan for yourself and your
Many Americans receive disability income. You may wonder if — and how — it’s taxed. As is often the case
Portability allows a surviving spouse to apply a deceased spouse’s unused federal gift and estate tax exemption amount toward his
Unfortunately, the COVID-19 pandemic has forced many businesses to shut down. If this is your situation, we’re here to assist
When a couple is going through a divorce, taxes are probably not foremost in their minds. But without proper planning
If your small business is planning for payroll next year, be aware that the “Social Security wage base” is increasing.
Typically, an estate plan includes accommodations for your spouse, children, grandchildren and even future generations. But you may overlook some
Whether it’s a smart phone, tablet or laptop, mobile devices have become the constant companions of today’s employees. And this
The IRS has announced its 2021 cost-of-living adjustments to tax amounts that might affect you. Many increased to account for