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
Sometimes, bigger isn’t better: Your small- or medium-sized business may be eligible for some tax breaks that aren’t available to
Portability allows a surviving spouse to apply a deceased spouse’s unused federal gift and estate tax exemption amount toward his
The Tax Cuts and Jobs Act (TCJA) significantly boosted the potential value of bonus depreciation for taxpayers — but only
Although merger and acquisition activity has been down in 2022, according to various reports, there are still companies being bought
Portability allows a surviving spouse to apply a deceased spouse’s unused federal gift and estate tax exemption amount toward his
Sales and registrations of electric vehicles (EVs) have increased dramatically in the U.S. in 2022, according to several sources. However,
If you’ve recently begun receiving disability income, you may wonder how it’s taxed. The answer is: It depends. The key
Here’s a not-so-fun fact: The generation-skipping transfer (GST) tax is among the harshest and most complex in the tax code.
Business owners are aware that the price of gas is historically high, which has made their vehicle costs soar. The
“Thanks, but no thanks.” If you expect to receive an inheritance from a family member, you might want to use
Are you in the early stages of divorce? In addition to the tough personal issues that you’re dealing with, several
As a result of the current estate tax exemption amount ($12.06 million in 2022), many people no longer need to
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2021. Keep
Have you made any New Year’s resolutions for 2021? Resolutions usually take the form of personal goals like eating healthier
On December 27, President Trump signed the Consolidated Appropriations Act of 2021 (CAA), which provides pandemic relief, as well as
Are you considering replacing a car that you’re using in your business? There are several tax implications to keep in
If you own a business, you may wonder if you’re eligible to take the qualified business income (QBI) deduction. Sometimes
Many businesses are closed or are limiting third-party access as COVID-19 surges across the United States. These restrictions could still
As President-elect Joe Biden moves forward with the transition and prepares for the inauguration next month, you may be wondering
The year 2020 has taught businesses many lessons. The sudden onset of the COVID-19 pandemic followed by drastic changes to
As we approach the end of the year, it’s a good time to think about whether your business needs to
Are you thinking about selling stock shares at a loss to offset gains that you’ve realized during 2020? If so,
According to literature, the “seven deadly sins” are lust, gluttony, greed, laziness, wrath, envy and pride. Although individuals may be
By now, some businesses have completed their 2021 budgets while others are still crunching numbers and scrutinizing line items. As