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
As a result of the current estate tax exemption amount ($11.58 million in 2020), many estates no longer need to
Like so many things this year, the recommended practices for your annual end-of-the-year tax planning reflect the COVID-19 pandemic and
Do you buy or lease computer software to use in your business? Do you develop computer software for use in
The business use of websites is widespread. But surprisingly, the IRS hasn’t yet issued formal guidance on when Internet website
In some cases, investors have significant related expenses, such as the cost of subscriptions to financial periodicals and clerical expenses.
Generally, the proceeds of your life insurance policy are included in your taxable estate. You can remove them by transferring
With the presidential election only weeks away, many people are beginning to pay closer attention to each candidate’s positions on
Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2020. Keep
COVID-19 has changed our lives in many ways, and some of the changes have tax implications. Here is basic information
What happens if illness, injury or age-related dementia renders you unable to make decisions or communicate your wishes regarding your
Wouldn’t it be great if your employees worked as if they owned the company? An employee stock ownership plan (ESOP)
Today, many banks are working with struggling borrowers on loan modifications. Recent guidance from the Financial Accounting Standards Board (FASB)
If you’re age 65 or older and enrolled in basic Medicare insurance, you may need to pay additional premiums to
As a closely held business owner, a substantial amount of your wealth likely is tied to the business. Of course,
On July 4, President Trump signed into law the far-reaching legislation known as the One, Big, Beautiful Bill Act (OBBBA).
The U.S. House of Representatives passed The One, Big, Beautiful Bill Act on May 22, 2025, introducing possible significant changes
Many businesses turn to independent contractors to help manage costs, especially during times of staffing shortages and inflation. If you’re
For many people, creating an estate plan falls into the category of important but not urgent. As a result, it
If you’re claiming deductions for business meals or vehicle expenses, expect the IRS to closely review them. In some cases,
Do you believe you don’t need to worry about estate planning because of the current federal estate tax exemption ($13.99
The Tax Cuts and Jobs Act (TCJA) effectively doubled the unified federal gift and estate tax exemption — and annual
Asset protection is a strategic approach to safeguarding your wealth from potential lawsuits and creditor claims. Indeed, protecting your assets
As the use of digital assets like cryptocurrencies continues to grow, so does the IRS’s scrutiny of how taxpayers report
The U.S. House of Representatives passed its sweeping tax and spending bill, dubbed The One, Big, Beautiful Bill Act (OBBBA),