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
Incorporating charitable giving into your estate plan can be a thoughtful and strategic way to support causes you care about
The One, Big, Beautiful Bill Act (OBBBA) includes, among many other things, numerous provisions that can affect an individual’s taxes.
As 2025 began, individual taxpayers faced uncertainty with several key provisions of the tax law that were set to expire
Ever since the Tax Cuts and Jobs Act (TCJA) was signed into law in 2017, estate planners have had to
The One, Big, Beautiful Bill Act (OBBBA) includes numerous provisions affecting the tax liability of U.S. businesses. For many businesses,
If you’re age 65 or older and enrolled in basic Medicare insurance, you may need to pay additional premiums to
As a closely held business owner, a substantial amount of your wealth likely is tied to the business. Of course,
On July 4, President Trump signed into law the far-reaching legislation known as the One, Big, Beautiful Bill Act (OBBBA).
The U.S. House of Representatives passed The One, Big, Beautiful Bill Act on May 22, 2025, introducing possible significant changes
Many businesses turn to independent contractors to help manage costs, especially during times of staffing shortages and inflation. If you’re
For many people, creating an estate plan falls into the category of important but not urgent. As a result, it
If you’re claiming deductions for business meals or vehicle expenses, expect the IRS to closely review them. In some cases,
Here’s a not-so-fun fact: The generation-skipping transfer (GST) tax is among the harshest and most complex in the tax code.
Business owners are aware that the price of gas is historically high, which has made their vehicle costs soar. The
“Thanks, but no thanks.” If you expect to receive an inheritance from a family member, you might want to use
Are you in the early stages of divorce? In addition to the tough personal issues that you’re dealing with, several
As a result of the current estate tax exemption amount ($12.06 million in 2022), many people no longer need to
Does your college-aged child have a basic estate plan? In more cases than not, the answer is “no.” The good
Here’s an interesting option if your small company or start-up business is planning to claim the research tax credit. Subject
Here’s an interesting option if your small company or start-up business is planning to claim the research tax credit. Subject
The IRS recently announced that it’ll increase the standard mileage rate for qualified business driving for the second half of
The best laid plans can go awry. After your death, events may transpire that you hadn’t anticipated or couldn’t have
Some people who begin claiming Social Security benefits are surprised to find out they’re taxed by the federal government on
The next quarterly estimated tax payment deadline is June 15 for individuals and businesses so it’s a good time to