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
Do you believe you don’t need to worry about estate planning because of the current federal estate tax exemption ($13.99
The Tax Cuts and Jobs Act (TCJA) effectively doubled the unified federal gift and estate tax exemption — and annual
Asset protection is a strategic approach to safeguarding your wealth from potential lawsuits and creditor claims. Indeed, protecting your assets
As the use of digital assets like cryptocurrencies continues to grow, so does the IRS’s scrutiny of how taxpayers report
The U.S. House of Representatives passed its sweeping tax and spending bill, dubbed The One, Big, Beautiful Bill Act (OBBBA),
For many people, pets are more than just animals — they’re cherished members of the family. Yet, when it comes
The U.S. House of Representatives has passed its budget reconciliation bill, dubbed The One, Big, Beautiful Bill. Among other things,
Suppose your adult child or friend needs to borrow money. Maybe it’s to buy a first home or address a
Have you ever invested in a company only to see its stock value plummet? (This may become relevant in light
If you inherit assets after a loved one passes away, they often arrive with a valuable — but frequently misunderstood
Once your 2024 tax return is in the hands of the IRS, you may be tempted to clear out file
President Trump’s “Liberation Day” announcement of global tariffs caught businesses, as well as foreign countries and worldwide financial markets, off
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