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 limit how many vacation days employees can roll over to the new year, you might find your workplace
Get ready to file your tax return in 2017. The IRS announced that the 2017 tax filing season will begin
Be sure to take required minimum distributions (RMDs) by year end, if required. If you’ve reached age 70 1/2, take
There are some last-minute moves that may save you money on your 2016 taxes. 1) If you’re eligible for a
Congress Watch: U.S. House of Representatives prepares to adjourn. On Dec. 8, the House passed H.R. 2028, “Further Continuing and
Temporary regulations authorize more tax return information disclosures to the U.S. Census Bureau. The IRS has issued temporary regs that
Family business compensation found not reasonable. Businesses can deduct ordinary and necessary expenses, including reasonable compensation. In one case, the
Court cracks down on tax protestor. The U.S. Tax Court defines a tax protestor as a person making frivolous tax
When performing an audit, CPAs send confirmation letters to outside parties typically via the U.S. Postal Service in accordance with
Proposed regs would add new types of covered asset acquisitions for foreign tax credit limitation purposes. The IRS has proposed
Court ruling nixing Obamacare reimbursements is frozen until President-elect Trump takes office. The U.S. Court of Appeals for the District
If you have unadopted stepchildren, estate planning is critical to ensure that your property is distributed the way you desire.