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
Tax refund delay to hurt some people. A 2015 law requires the IRS to delay, until at least Feb. 15,
In December, Congress passed the 21st Century Cures Act. The long and complex bill covers a broad range of health
Asset protection trusts — both offshore and domestic — can be effective vehicles for protecting your wealth in today’s litigious
Gathering knowledge about your company’s competitors and industry has never been easier. This practice, known as “competitive intelligence,” can help
Medical expense deductions can be difficult for many taxpayers to claim. That’s because most people can only deduct qualified medical
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2017. Keep
If your elderly parent’s mental state is deteriorating to the point where he or she is unable to manage day-to-day
The IRS is requesting more help with its Form W-2 verification program. The program was implemented during 2016 as a
The U.S. Tax Court held that a tax code rule involving charitable donations doesn’t apply currently because IRS hasn’t yet
Come tax time, owner-employees face a variety of distinctive tax planning challenges, depending on whether their business is structured as
Retirement plan contribution limits are indexed for inflation, but with inflation remaining low, most of the limits remain unchanged for
Reminder: Jan. 31 is the due date for W-2 and certain 1099-MISC forms. Unlike in prior years, 2016 W-2 forms
If you operate your business as a C corporation, how you put money into your company — and how you
Last year’s One Big Beautiful Bill Act (OBBBA) terminated several clean energy tax incentives earlier than previously scheduled. But if
A family limited partnership (FLP) allows you to manage and protect your wealth while gradually transferring it to your children
Generally, each year you can contribute up to the annual limit to a traditional or Roth IRA (or a combination
A new but temporary special depreciation allowance for qualified production property (QPP) was created by last year’s One Big Beautiful
A new tax-advantaged way to help children build up savings for the future was created by the One Big Beautiful
Choosing an executor is one of the most important decisions in the estate planning process. This person (or institution) will
If you itemize deductions on your 2025 individual income tax return, you potentially can deduct donations to qualified charities you
An important decision to make when filing your individual income tax return is whether to claim the standard deduction or
Many people think of estate planning as a “one-and-done” task — something you complete and file away. But an estate
If you own a business or are self-employed and haven’t already set up a tax-advantaged retirement plan, consider establishing one
The deadlines for filing 2025 tax returns (or extensions) are fast approaching. Although most tax planning moves must be completed