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
If you’re in line to inherit property from a parent or other loved one, it’s critical to understand the basis
Contingent liabilities reflect amounts that your business might owe if a specific “triggering” event happens in the future. Sometimes companies
The Setting Every Community Up for Retirement Enhancement (SECURE) Act is the first significant retirement-related legislation in more than a
An array of tax-related limits that affect businesses are annually indexed for inflation, and many have increased for 2020. Here
Traditional estate planning strategies generally are based on the assumption that all family members involved are U.S. citizens. However, if
Before you jump headfirst into the year-end financial reporting process, review the role independent audit committees play in providing investors
To help you make sure you don’t miss any important 2020 deadlines, we’ve provided this summary of when various tax-related
This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business decreased
Many taxpayers make charitable gifts — because they’re generous and they want to save money on their federal tax bills.
Virtually everyone needs an estate plan, but it isn’t a one-size-fits-all proposition. Even though each person’s situation is unique, general
The IRS announced it is opening the 2019 individual income tax return filing season on January 27. Even if you
A significant law was recently passed that adds tax breaks and makes changes to employer-provided retirement plans. If your small
When you retire, you may consider moving to another state — say, for the weather or to be closer to
Like most businesses, yours probably has a variety of physical assets, such as production equipment, office furnishings and a plethora
Despite the National Do Not Call registry and features such as caller ID, phone fraud is thriving in the mobile
Affluent families who wish to give to charity while minimizing gift and estate taxes should consider a charitable lead trust
The IRS has updated the inflation-adjusted “luxury automobile” limits on certain deductions taxpayers can take for passenger automobiles — including
Summer is just around the corner, so you might be thinking about getting some vacation time. If you’re self-employed or
The IRS just released its audit statistics for the 2018 fiscal year, and fewer taxpayers had their returns examined as
If a prime objective of your estate plan is to leave a lasting legacy, a dynasty trust may be the
Due to the massive changes in the Tax Cuts and Jobs Act (TCJA), the 2019 filing season resulted in surprises.
The IRS recently announced the inflation-adjusted maximum value of an employer-provided vehicle under the vehicle cents-per-mile rule and the fleet-average
If you’re a business owner and you hire your children (or grandchildren) this summer, you can obtain tax breaks and
There are many ways for employers to conduct annual performance reviews. So many, in fact, that owners of small to