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
Most companies wouldn’t go into business without some basic types of insurance in place, such as property coverage and a
Payable-on-death (POD) accounts provide a quick, simple and inexpensive way to transfer assets outside of probate. They can be used
IRS issues guidance on new bonus depreciation rules The Tax Cuts and Jobs Act (TCJA) significantly expands bonus depreciation
If you’re a business owner, be aware that a recent tax law extended a credit for hiring individuals from one
If you’re self-employed and work out of an office in your home, you may be entitled to home office deductions.
If you own a home, the interest you pay on your home mortgage may provide a tax break. However, many
No one said estate planning is easy, and this is especially true if you have a “blended family.” The good
In late 2019, the first substantial legislation related to retirement savings since 2006 became law. The Setting Every Community Up
Do you conduct your business as a sole proprietorship or as a wholly owned limited liability company (LLC)? If so,
If you’re a parent, or if you’re planning on having children, you know that it’s expensive to pay for their
Whether you’re moving to another country for work-related reasons, retirement or simply want an opportunity to experience a new culture,
Roughly half of CFOs believe an economic recession will hit by the end of 2020, and about three-quarters expect a
As year end approaches, it’s a good idea for calendar-year entities to review the guidelines for recognizing revenue and expenses.
S corporations must comply with several strict requirements or risk losing their tax-advantaged status. Among other things, they can have
S corporations can provide tax advantages over C corporations in the right circumstances. This is true if you expect that
The IRS, U.S. Department of Labor and Department of Health and Human Services recently issued interim final regulations addressing group
From natural disasters and government shutdowns to cyberattacks and fraud, risks abound in today’s volatile, uncertain marketplace. While some level
Small business owners are well aware of the increasing cost of employee health care benefits. As a result, your business
Now that Joe Biden has been projected as the winner of the presidential election by major news outlets,* you may
The executor’s role is critical to the administration of your estate and the achievement of your estate planning objectives. So
Although planning is needed to help build the biggest possible nest egg in your traditional IRA (including a SEP-IRA and
Owners of closely held corporations are often interested in easily withdrawing money from their businesses at the lowest possible tax
If you recently launched a business, you may want to set up a tax-favored retirement plan for yourself and your
Many Americans receive disability income. You may wonder if — and how — it’s taxed. As is often the case