GPKLEG Blog
News & Helpful Tips
If you operate your business as a C corporation, how you put money into your company — and how you
Last year’s One Big Beautiful Bill Act (OBBBA) terminated several clean energy tax incentives earlier than previously scheduled. But if
The IRS and the U.S. Treasury Department have been making a series of announcements to provide tax relief in the
Businesses across the country are being affected by the coronavirus (COVID-19). Fortunately, Congress recently passed a law that provides at
President Trump has signed into law the Families First Coronavirus Response Act. Among other things, the new law temporarily requires
U.S. Treasury Department Secretary Steven Mnuchin announced that the 2019 income tax filing deadline will be moved to July 15,
After U.S. Treasury Secretary Steven Mnuchin’s announcement that the deadline for paying federal income taxes would be extended, the IRS
If you’re the owner of an incorporated business, you probably know that there’s a tax advantage to taking money out
The IRS extends the federal income tax payment deadline After U.S. Treasury Secretary Steven Mnuchin’s announcement that the deadline for
If you made large gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re
Longer life expectancies and rising health care costs make saving for retirement more important than ever before. A Health Savings
The coronavirus (COVID-19) outbreak — officially a pandemic as of March 11 — has prompted global health concerns. But you
Several arms of the federal government have taken, or are weighing, significant steps to help the country deal with the
If you’re a business owner, be aware that a recent tax law extended a credit for hiring individuals from one
The IRS has released proposed regulations addressing the deductibility of meal and entertainment expenses in tax years beginning after December
Most companies wouldn’t go into business without some basic types of insurance in place, such as property coverage and a
Payable-on-death (POD) accounts provide a quick, simple and inexpensive way to transfer assets outside of probate. They can be used
IRS issues guidance on new bonus depreciation rules The Tax Cuts and Jobs Act (TCJA) significantly expands bonus depreciation
If you’re a business owner, be aware that a recent tax law extended a credit for hiring individuals from one
If you’re self-employed and work out of an office in your home, you may be entitled to home office deductions.
If you own a home, the interest you pay on your home mortgage may provide a tax break. However, many
No one said estate planning is easy, and this is especially true if you have a “blended family.” The good
In late 2019, the first substantial legislation related to retirement savings since 2006 became law. The Setting Every Community Up
Do you conduct your business as a sole proprietorship or as a wholly owned limited liability company (LLC)? If so,
If you’re a parent, or if you’re planning on having children, you know that it’s expensive to pay for their
Whether you’re moving to another country for work-related reasons, retirement or simply want an opportunity to experience a new culture,