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

By temporarily doubling the gift and estate tax exemption, the Tax Cuts and Jobs Act (TCJA) opened a window of

The IRS recently issued its 2020 cost-of-living adjustments. With inflation remaining largely in check, many amounts increased slightly, and some

Are you charitably minded and have a significant amount of money in an IRA? If you’re age 70½ or older,

The first tax-filing season under the Tax Cuts and Jobs Act (TCJA) was a time of uncertainty for many businesses

The Tax Cuts and Jobs Act (TCJA) reduced individual income tax rates, but it left the 3.8% net investment income

Fall is in the air and that means it’s time to turn your attention to year-end tax planning. While several

There are good reasons why estate planning advisors recommend you revisit and, if necessary, revise your estate plan periodically: changing

Despite what you might think, estate planning isn’t limited to only the rich and famous. In fact, your family is

Let’s say you’re charitably inclined but have concerns about maintaining a sufficient amount of income to meet your current needs.

The U.S. Department of Labor (DOL) has released the finalized rule on overtime exemptions for white-collar workers under the Fair

The Tax Cuts and Jobs Act (TCJA) created a new general business tax credit for certain businesses that grant their

As an employer, you must pay federal unemployment (FUTA) tax on amounts up to $7,000 paid to each employee as