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

  The Coronavirus Aid, Relief, and Economic Security (CARES) Act eliminates some of the tax-revenue-generating provisions included in a previous

  The coronavirus (COVID-19) pandemic has affected many Americans’ finances. Here are some answers to questions you may have right

  If you have outstanding loans to your children, grandchildren or other family members, consider forgiving those loans to take

  The Small Business Administration (SBA) has extended the repayment deadline for Payroll Protection Program (PPP) borrowers that wish to

  As a result of the coronavirus (COVID-19) crisis, your business may be using independent contractors to keep costs low.

  The coronavirus (COVID-19) pandemic has caused the value of some retirement accounts to decrease because of the stock market

  In response to the novel coronavirus (COVID-19) outbreak, many employers have closed all or parts of their operations —

  The novel coronavirus (COVID-19) pandemic has adversely affected the global economy. Companies of all sizes in all industries are

  The IRS recently issued Notice 2020-23, expanding on previously issued guidance extending certain tax filing and payment deadlines in

  The Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law on March 27, 2020, contains several tax-related

  The law providing relief due to the coronavirus (COVID-19) pandemic contains a beneficial change in the tax rules for

  Congress and the Trump administration have struck a deal on another piece of legislation, the latest in a series

Perhaps you operate your small business as a sole proprietorship and want to form a limited liability company (LLC) to

Do you play a major role in a closely held corporation and sometimes spend money on corporate expenses personally? These

If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for

A charitable remainder trust (CRT) allows you to support a favorite charity while potentially boosting your cash flow, shrinking the

An irrevocable trust has long been a key component of many estate plans. But what if it no longer serves

The IRS just released its audit statistics for the 2020 fiscal year and fewer taxpayers had their returns examined as

As we continue to come out of the COVID-19 pandemic, you may be traveling again for business. Under tax law,

If you’re a parent with a college-bound child, you may be concerned about being able to fund future tuition and

You’ve likely spent a lot of time working with your advisor to plan your estate. While documents such as your

Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2021. Keep

Married couples may not be able to save as much as they need for retirement when one spouse doesn’t work

The “sandwich generation” is a large segment of the population. These are people who find themselves caring for both their