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
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.
Mitigating the adverse effects of climate change is one of the primary targets of the recently enacted Inflation Reduction Act
IRS audit rates are historically low, according to a recent Government Accountability Office (GAO) report , but that’s little consolation
Are you feeling generous at year end? Taxpayers can transfer substantial amounts free of gift taxes to their children or
Whether the economic climate is stable or volatile, one thing never changes: the need to protect your assets from risk.
Does your business need real estate to conduct operations? Or does it otherwise hold property and put the title in
The term “probate” is one you’ve probably heard and might associate with negative connotations. But you may not fully understand
As a result of the current estate tax exemption amount ($12.06 million in 2022), many estates no longer need to
Victims of Hurricane Ian that began September 23 in Florida now have until February 15, 2023, to file various individual
Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2022. Keep
If you’re charitably inclined, it may be desirable to donate assets held in a trust. Why? Perhaps you’re not ready
Now that Labor Day has passed, it’s a good time to think about making moves that may help lower your
If you have a family member who’s disabled, financial and estate planning can be tricky. You don’t want to jeopardize