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 your 40s are behind you, consider boosting retirement savings and reducing your 2016 tax bill with a 401(k) catch-up
Safe and convenient tool. The IRS has launched an online tool that lets taxpayers see their account balance, including what
Payments weren’t alimony. Alimony payments are includible in the recipient’s gross income and deductible by the payor. Here, spousal support
You may be aware of the rule that allows businesses to deduct bonuses employees have earned during a tax year
A shift of the tax burden? A brief from Washington, D.C.-based Tax Policy Center advocates shifting much of the tax
Time to get empowered. The IRS is reminding businesses that a number of special tax benefits are still available in
When a married couple lives in a community property state, the money earned and property acquired by either spouse during
Audit season is just around the corner for calendar-year companies. With external audits, preparation can help facilitate field work, lower
IRA distributions were taxable. A man took nearly $45,000 in withdrawals from his wife’s IRA during their divorce “out of
Court finds properties weren’t worthless or abandoned. The sole shareholder of an S corporation claimed net operating loss (NOL) carrybacks
Bill would allow vets to contribute to Health Savings Accounts (HSAs). The U.S. House is considering the “Veterans TRICARE Choice
Payroll tax penalty imposed. A person responsible for collecting and paying payroll tax can be held personally liable for willfully