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’re charitably inclined, making donations is probably one of your key year-end tax planning strategies. But if you typically
Section 529 plans provide a tax-advantaged way to help pay for college expenses. Here are just a few of the
If you have incomplete or missing records and get audited by the IRS, your business will likely lose out on
If you invest, whether you’re considered an investor or a trader can have a significant impact on your tax bill.
If you recently redeemed frequent flyer miles to treat the family to a fun summer vacation or to take your
Many expenses that may qualify as miscellaneous itemized deductions are deductible only to the extent they exceed, in aggregate, 2%
If you go on a business trip within the United States and tack on some vacation days, you can deduct
For anyone who takes a spin at roulette, cries out “Bingo!” or engages in other wagering activities, it’s important to
Giving away assets during your life will help reduce the size of your taxable estate, which is beneficial if you
Last year a break valued by many charitably inclined retirees was made permanent: the charitable IRA rollover. If you’re age
The income tax credit for certain energy-efficient home improvements and equipment purchases was extended through 2016 by the Protecting Americans
Investing in mutual funds is an easy way to diversify a portfolio, which is one reason why they’re commonly found
The executor’s role is critical to the administration of your estate and the achievement of your estate planning objectives. So
Although planning is needed to help build the biggest possible nest egg in your traditional IRA (including a SEP-IRA and
Owners of closely held corporations are often interested in easily withdrawing money from their businesses at the lowest possible tax
If you recently launched a business, you may want to set up a tax-favored retirement plan for yourself and your
Many Americans receive disability income. You may wonder if — and how — it’s taxed. As is often the case
Portability allows a surviving spouse to apply a deceased spouse’s unused federal gift and estate tax exemption amount toward his
Unfortunately, the COVID-19 pandemic has forced many businesses to shut down. If this is your situation, we’re here to assist
When a couple is going through a divorce, taxes are probably not foremost in their minds. But without proper planning
If your small business is planning for payroll next year, be aware that the “Social Security wage base” is increasing.
Typically, an estate plan includes accommodations for your spouse, children, grandchildren and even future generations. But you may overlook some
Whether it’s a smart phone, tablet or laptop, mobile devices have become the constant companions of today’s employees. And this
The IRS has announced its 2021 cost-of-living adjustments to tax amounts that might affect you. Many increased to account for