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 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
It’s not uncommon for businesses to sometimes generate tax losses. But the losses that can be deducted are limited by
When school lets out, kids participate in a wide variety of summer activities. If one of the activities your child
With the filing date for 2017 in the rearview mirror for most businesses and individuals, the last thing they probably
Employees don’t always fill out their W-4 forms accurately. For example, some may wrongly write “exempt” on the withholding portion
At this time of year, a summer vacation is on many people’s minds. If you travel for business, combining a
In many parts of the country, summer is peak season for selling a home. If you’re planning to put your
In a world that’s increasingly paperless, you’re likely becoming accustomed to conducting a variety of transactions digitally. But when it
One common configuration of employee benefits today is a cafeteria plan with options for pretax contributions that include a health
“That’s just the cost of doing business.” You’ve probably heard this expression many times. It’s true that, to invoke another
If you received a large refund after filing your 2017 income tax return, you’re probably enjoying the influx of
The bookkeeper is one of any company’s most trusted employees. Unfortunately, that trust isn’t always deserved. Bookkeepers — particularly those
The summer months are almost here and, with them, the prospect of many employers offering unpaid internships to high school