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

For years, life insurance has played a critical role in estate planning, providing a source of liquidity to pay estate

Every employer needs to keep records on pay, hours, workplace injuries and the like. And, of course, the fun doesn’t

The Trump administration has released its long-awaited proposed rule to update the overtime exemptions for so-called white-collar workers under the

In the broadest sense, strategic planning comprises two primary tasks: establishing goals and achieving them. Many business owners would probably

The Tax Cuts and Jobs Act created a new federal tax credit for employers that provide qualified paid family and

Did you make large gifts to your children, grandchildren or other heirs last year? If so, it’s important to determine

No matter how much effort you’ve invested in designing your estate plan, your will, trusts and other official documents may

The Department of Labor (DOL) announced in very late January the 2019 annual adjustments to the civil monetary penalties for

Recent changes to federal tax law and accounting rules could affect whether you decide to lease or buy equipment or

It’s not just businesses that can deduct vehicle-related expenses. Individuals also can deduct them in certain circumstances. Unfortunately, the Tax

People who live in states with high income taxes sometimes relocate to a state with a more favorable tax climate.

It’s in every employer’s best interest to keep an open mind about where the right talent for an open position

Back in late 2019, the first significant legislation addressing retirement savings since 2006 became law. The Setting Every Community Up

A Health Savings Account (HSA) can be a powerful tool for financing health care expenses while supplementing your other retirement

The IRS has begun mailing notices to businesses, financial institutions and other payers that filed certain returns with information that

There are many rules that can potentially apply to the sale of business property. Thus, to simplify discussion, let’s assume

Like many people, you may have dreamed of turning a hobby into a regular business. You won’t have any tax

Estate planning experts usually cite the need to include advance health care directives in a comprehensive estate plan. But there

If you donate valuable items to charity, you may be required to get an appraisal. The IRS requires donors and

If you donate valuable items to charity, you may be required to get an appraisal. The IRS requires donors and

In some cases, homeowners decide to move to new residences, but keep their present homes and rent them out. If

Adding a new partner in a partnership has several financial and legal implications. Let’s say you and your partners are

Estate tax planning can become complicated when multiple parties are involved. For example, you may be concerned about providing assets

The tax filing deadline for 2021 tax returns is April 18 this year. After your 2021 tax return has been