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
If you operate your business as a C corporation, how you put money into your company — and how you
Last year’s One Big Beautiful Bill Act (OBBBA) terminated several clean energy tax incentives earlier than previously scheduled. But if
A family limited partnership (FLP) allows you to manage and protect your wealth while gradually transferring it to your children
Generally, each year you can contribute up to the annual limit to a traditional or Roth IRA (or a combination
A new but temporary special depreciation allowance for qualified production property (QPP) was created by last year’s One Big Beautiful
A new tax-advantaged way to help children build up savings for the future was created by the One Big Beautiful
Choosing an executor is one of the most important decisions in the estate planning process. This person (or institution) will
If you itemize deductions on your 2025 individual income tax return, you potentially can deduct donations to qualified charities you
An important decision to make when filing your individual income tax return is whether to claim the standard deduction or
Many people think of estate planning as a “one-and-done” task — something you complete and file away. But an estate
If you own a business or are self-employed and haven’t already set up a tax-advantaged retirement plan, consider establishing one
The deadlines for filing 2025 tax returns (or extensions) are fast approaching. Although most tax planning moves must be completed
Traditional and Roth IRAs can be powerful estate planning tools. With a “self-directed” IRA, you may be able to amp
Earlier this year, the IRS published a proposed safe harbor giving owners of certain rental real estate interests the opportunity
As we head toward the gift-giving season, you may be considering giving gifts of cash or securities to your loved
As we head toward the gift-giving season, you may be considering giving gifts of cash or securities to your loved
Fewer people currently are subject to transfer taxes than ever before. But gift, estate and generation-skipping transfer (GST) taxes continue
The IRS has released final regulations and another round of proposed regs for the first-year 100% bonus depreciation deduction. The
Traditionally, trusts used in estate planning contain “Crummey” withdrawal powers to ensure that contributions qualify for the annual gift tax
Hidden assets can be an issue in a variety of contexts — from divorce to bankruptcy to fraud. An acrimonious
Do you want to withdraw cash from your closely held corporation at a low tax cost? The easiest way is
In addition to the difficult personal issues that divorce entails, several tax concerns need to be addressed to ensure that
A primary estate planning goal for most people is to hold on to as much of their wealth as possible
If philanthropy is an important part of your estate planning legacy, consider taking steps to ensure that your donations are