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

Mutual funds offer an easy way to invest in a diversified portfolio compared to buying individual stocks and bonds. But

If you’re a real estate developer or a small business owner who owns commercial real estate, you might be thinking

Estate planning can be overwhelming. One reason is that it has a language all its own. While you may be

If you run your business as a C corporation, you may be eligible for a potentially significant tax break for

Businesses that own commercial real property may be sitting on an overlooked treasure chest of tax savings — and a

Powers of appointment allow a trusted individual (the “holder”) to adjust how assets are distributed after your death, based on

If you’re self-employed, you probably have questions about deducting business expenses on your federal income tax return. Here’s a quick

Tax scammers continue to target taxpayers through email, text messages, phone calls and regular mail. They often try to create

Many parents assume an estate plan is only necessary for older adults or those with substantial wealth. However, once your

Whether you’re relocating for work, retirement, family or lifestyle reasons, state taxes can have a significant financial impact. Taxes vary

Many parents don’t know that the so-called “kiddie tax” exists. Others assume it affects only minor children. But it also

A properly structured grantor retained annuity trust (GRAT) can be a powerful tool for those with estates large enough that

Many people are more concerned about their 2020 tax bills right now than they are about their 2021 tax situations.

To gift or not to gift? It’s a deceptively complex question. The temporary doubling of the federal gift and estate

If you have a traditional IRA or tax-deferred retirement plan account, you probably know that you must take required minimum

Your estate plan may include several different trusts. The reason is that various types of trusts can accomplish a myriad

The massive economic stimulus and government spending law, which was signed on December 27, 2020, extends several energy-related tax breaks.

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2021. Keep

Have you made any New Year’s resolutions for 2021? Resolutions usually take the form of personal goals like eating healthier

On December 27, President Trump signed the Consolidated Appropriations Act of 2021 (CAA), which provides pandemic relief, as well as

Are you considering replacing a car that you’re using in your business? There are several tax implications to keep in

If you own a business, you may wonder if you’re eligible to take the qualified business income (QBI) deduction. Sometimes

Many businesses are closed or are limiting third-party access as COVID-19 surges across the United States. These restrictions could still

As President-elect Joe Biden moves forward with the transition and prepares for the inauguration next month, you may be wondering