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 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
Everyone needs to plan for retirement. But as a business owner, you face a distinctive challenge in that you must
If you’re a small business owner or you’re involved in a start-up, you may want to set up a tax-favored
If you’re self-employed and don’t have withholding from paychecks, you probably have to make estimated tax payments. These payments must
If you’re self-employed and don’t have withholding from paychecks, you probably have to make estimated tax payments. These payments must
One of the primary goals of estate planning is to put in writing how you want your wealth distributed to
U.S. multinationals optimistic for another repatriation holiday. President-elect Trump’s election win moves large U.S. corporations closer than they’ve been in
Could on-site childcare become more attractive for businesses under President-elect Trump? On his website, Trump proposed during the campaign to
Will you owe the 3.8% net investment income tax (NIIT) on unearned income? Try to reduce your exposure. It’s a
Many tax breaks are reduced or eliminated for higher-income taxpayers. Two of particular note are the itemized deduction reduction and
In addition to income tax, you must pay Social Security and Medicare taxes on earned income, such as salary and
Typically, it’s better to defer tax. One way is through controlling when your business recognizes income and incurs deductible expenses.
There’s a lot to think about when you change jobs, and it’s easy for a 401(k) or other employer-sponsored retirement
If you’re charitably inclined, making donations is probably one of your key year-end tax planning strategies. But if you typically
Section 529 plans provide a tax-advantaged way to help pay for college expenses. Here are just a few of the
If you have incomplete or missing records and get audited by the IRS, your business will likely lose out on
If you invest, whether you’re considered an investor or a trader can have a significant impact on your tax bill.
If you recently redeemed frequent flyer miles to treat the family to a fun summer vacation or to take your