GPKLEG Blog
News & Helpful Tips
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’re a parent or grandparent with college-bound children, you may want to save to fund future education costs. Here
If your small business has a retirement plan, and even if it doesn’t, you may see changes and benefits from
One of your primary estate planning goals may be to pass as much of your wealth to your family as
If you have a child or grandchild in college — congratulations! To help pay for the expenses, many parents and
Family-owned businesses face distinctive challenges when it comes to succession planning. For example, it’s important to address the distinction between
The Employee Retention Credit (ERC) was a valuable tax credit that helped employers that kept workers on staff during the
Many people include health care powers of attorney or advance directives in their estate plans so they have some influence
If you own a home and rent it to a relative, you may be surprised to find out there could
On December 23, 2022, Congress passed the Consolidated Appropriations Act of 2023. The sprawling year-end spending “omnibus” package includes two
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2023. Keep
A smart estate plan should leave no doubt as to your intentions. Writing a letter of instruction can go a
As you may know, you can’t keep funds in your traditional IRA indefinitely. You have to start taking withdrawals from
If your estate plan includes one or more trusts, review them in light of income taxes. For trusts, the income
Families who wish to give to charity while minimizing gift and estate taxes should consider a charitable lead trust (CLT).
Some people make video recordings of their will signings in an effort to create evidence that they possess the requisite
You’d be hard pressed to find a company not looking to generate more leads, boost sales and improve its profit
It can be difficult in the current job market for students and recent graduates to find summer or full-time jobs.
If you recently filed for your 2016 income tax return (rather than filing for an extension) you may now be
Income and losses from investment real estate or rental property are passive by definition — unless you’re a real estate
A potential downside of tax-deferred saving through a traditional retirement plan is that you’ll have to pay taxes when you
For many, an important estate planning goal is to encourage their children or other heirs to lead responsible, productive lives.
If you’re interested in lending money to your children or other family members, consider establishing a “family bank.” These entities
Every company has at least one owner. And, in many cases, there exists leadership down through the organizational chart. But
Many companies take an ad hoc approach to technology. If you’re among them, it’s understandable; you probably had to automate