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
FBAR filing deadline pushed back for some. Proposed regs, issued in March, would expand and clarify exemptions from Report of
If you own intellectual property (IP), such as a patent or copyright, you need to know how to account for
Business owners get to make executive decisions. It’s one of the perks of the job. But acting unilaterally when buying
If you don’t make a 2016 Coverdell Education Savings Account (ESA) contribution by December 31, the opportunity will be lost
New law creates new type of HRA. The 21st Century Cures Act was recently signed into law. It creates a
During the holiday season your thoughts likely turn to helping those in need by making charitable donations. Doing so will
Standard mileage rates decrease for 2017. The IRS announced that the optional mileage allowance for owned or leased autos, vans,
Year end is just about here. You know what that means, right? It’s a great time to settle in by
An alternative way to be charitable. Taxpayers who are at least 70½, who have IRAs and who wish to donate
Flexible Spending Accounts (FSAs) save tax. The IRS reminds eligible employees to take advantage of employer health care FSAs in
A tried-and-true estate planning strategy is to make tax-free gifts to loved ones during life, because it reduces potential estate
The 2016 gift tax annual exclusion allows you to give up to $14,000 per recipient tax-free without using up any
The Inflation Reduction Act (IRA), signed into law by President Biden on August 16, contains many provisions related to climate,
High-income taxpayers face two special taxes — a 3.8% net investment income tax (NIIT) and a 0.9% additional Medicare tax
To ensure that a trust operates as intended, it’s critical to appoint a trustee that you can count on to
You may have heard that the Inflation Reduction Act (IRA) was signed into law recently. While experts have varying opinions
If you don’t have enough federal tax withheld from your paychecks and other payments, you may have to make estimated
Providing for the educational needs of your children, grandchildren and even future generations is an honorable estate planning objective. What
When a married couple files a joint tax return, each spouse is “jointly and severally” liable for the full amount
These days, most businesses have websites. But surprisingly, the IRS hasn’t issued formal guidance on when website costs can be
Let’s assume you have a legally valid will but you’ve decided that it should be revised because of a change
The U.S. Senate and House of Representatives have passed the Inflation Reduction Act (IRA). President Biden is expected to sign
When you filed your federal tax return this year, were you surprised to find you owed money? You might want
Are you a partner in a business? You may have come across a situation that’s puzzling. In a given year,