CELEBRATING OVER SIXTY FIVE YEARS

CELEBRATING OVER
SIXTY FIVE YEARS

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

Providing for the educational needs of your children, grandchildren and even future generations is an honorable estate planning objective. What

When a married couple files a joint tax return, each spouse is “jointly and severally” liable for the full amount

These days, most businesses have websites. But surprisingly, the IRS hasn’t issued formal guidance on when website costs can be

Let’s assume you have a legally valid will but you’ve decided that it should be revised because of a change

The U.S. Senate and House of Representatives have passed the Inflation Reduction Act (IRA). President Biden is expected to sign

When you filed your federal tax return this year, were you surprised to find you owed money? You might want

Are you a partner in a business? You may have come across a situation that’s puzzling. In a given year,

If you’re approaching retirement or have already retired, one of the biggest challenges is balancing the need to maintain your

Here’s an interesting option if your small company or start-up business is planning to claim the research tax credit. Subject

Many people wonder how they can save taxes by transferring assets into their children’s names. This tax strategy is called

Personal items — which may have modest monetary value but significant sentimental value — may be more difficult to address

A business or individual might be able to dispose of appreciated real property without being taxed on the gain by

Many people who launch small businesses start out as sole proprietors. Here are nine tax rules and considerations involved in

Married couples often wonder whether they should file joint or separate tax returns. The answer depends on your individual tax

A financial power of attorney can be a valuable planning tool. The most common type is the durable power of

Many of today’s businesses employ workers from across the generational spectrum. Employees may range from Baby Boomers to members of

Auditors use various procedures to verify the amounts reported on your financial statements. In addition to reviewing original source documents

Are you an employer who owns a business where tipping is customary for providing food and beverages? You may qualify

If you’re getting ready to file your 2019 tax return, and your tax bill is higher than you’d like, there

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