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

For 2020, the lifetime gift and estate tax exemption has reached a whopping $11.58 million ($23.16 million for married couples).

To guard against natural disasters and other calamities, many companies buy business interruption insurance. These policies provide cash flow to

Finding the right person to head up your company’s finance and accounting department can be challenging in today’s tight labor

Right now, you may be more concerned about your 2019 tax bill than you are about your 2020 tax situation.

The word “concentration” is usually associated with a strong ability to pay attention. Business owners are urged to concentrate when

If you’re in line to inherit property from a parent or other loved one, it’s critical to understand the basis

Contingent liabilities reflect amounts that your business might owe if a specific “triggering” event happens in the future. Sometimes companies

The Setting Every Community Up for Retirement Enhancement (SECURE) Act is the first significant retirement-related legislation in more than a

An array of tax-related limits that affect businesses are annually indexed for inflation, and many have increased for 2020. Here

Traditional estate planning strategies generally are based on the assumption that all family members involved are U.S. citizens. However, if

Before you jump headfirst into the year-end financial reporting process, review the role independent audit committees play in providing investors

To help you make sure you don’t miss any important 2020 deadlines, we’ve provided this summary of when various tax-related