CELEBRATING OVER SIXTY FIVE YEARS

CELEBRATING OVER
SIXTY FIVE YEARS

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

Expecting tax cuts next year? President-elect Trump declared one of his top priorities to be passage of a “major tax

Distributor’s TV packages don’t qualify. In two similar Technical Advice Memorandums, the IRS determined that a television subscription package sold

Taxpayers denied child tax breaks. For part of a year, a married couple lived with a child from the wife’s

The last month or so of the year offers accrual-basis taxpayers an opportunity to make some timely moves that might

Accrual-basis taxpayer? One way to save tax is to properly record and recognize expenses that were incurred this year but

Inventory is a prime target for fraud schemes, second only to cash. Retailers, manufacturers and contractors are at risk for

Extra time to supply Affordable Care Act (ACA) statements. The IRS has extended the ACA information reporting due date to

Is your inventory being stolen by dishonest employees or customers? Inventory is a prime target for fraud schemes, second only

Educational institutions get extended penalty relief for tuition reporting change. The IRS has announced that it is extending previously granted

Bipartisan bill introduced in Senate to strengthen retirement savings. On Nov. 17, Senate Finance Committee Chair Orrin Hatch (R-UT) and

“Mailbox rule” reigns supreme. A federal district court dismissed a suit by married taxpayers who claimed they’d filed a timely,

Typically, much of the estate planning process focuses on money. But the most successful estate plans are founded on relationships.

President Biden’s proposals for individual taxpayers were outlined in an April 28 address to Congress and in an 18-page fact

President Biden’s proposals for individual taxpayers were outlined in an April 28 address to Congress and in an 18-page fact

One advantage of inheriting an IRA from your spouse is that you’re entitled to transfer the funds to a spousal

If you have a life insurance policy, you may want to ensure that the benefits your family will receive after

Are you considering buying or replacing a vehicle that you’ll use in your business? If you choose a heavy sport

The new American Rescue Plan Act provides eligible families with an enhanced child and dependent care credit for 2021. This

President Biden has signed the PPP Extension Act of 2021. The new law extends the Paycheck Protection Program (PPP) application

President Biden signed the $1.9 trillion American Rescue Plan Act (ARPA) on March 11. While the new law is best

For many people, an important goal of estate planning is to leave a legacy for their children, grandchildren and future

April 15 is not only the deadline for filing your 2020 tax return, it’s also the deadline for the first

The Employee Retention Credit (ERC), which was created to encourage employers to keep their workforces intact during the COVID-19 pandemic,

While many businesses have been forced to close due to the COVID-19 pandemic, some entrepreneurs have started new small businesses.