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
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
If you’re concerned about the impact of transfer taxes on your gifts, consider making “net gifts” to your loved ones.
If you’re in business for yourself as a sole proprietor, or you’re planning to start a business, you need to
April 18, 2022, is the deadline for filing your federal income tax return. Keep in mind that the gift tax
Traditional IRAs and Roth IRAs have been around for decades and the rules surrounding them have changed many times. What
If you operate a business, or you’re starting a new one, you know you need to keep records of your
Designing an estate plan can be a delicate balancing act. On the one hand, you want to preserve as much
Many tax limits that affect businesses are annually indexed for inflation, and a number of them have increased for 2022.
A primary purpose of estate planning is to ensure that your wealth is distributed according to your wishes after you
The number of people engaged in the “gig” or sharing economy has grown in recent years. In an August 2021
It’s difficult for many people to think about their mortality, so it’s not surprising to learn that many put off
Do you want to sell commercial or investment real estate that has appreciated significantly? One way to defer a tax