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
As the old saying goes, “Knowledge is power.” This certainly rings true in business, as those who best understand their
Shakespeare’s words don’t apply just to Julius Caesar; they also apply to calendar-year partnerships, S corporations and limited liability companies
Incentive stock options (ISOs) are a popular form of compensation for executives and other employees of corporations. They allow you
An unexpected outcome of the recent death of designer Karl Lagerfeld is that the topic of estate planning for pets
For many businesses, offering employees a 401(k) plan is no longer an option — it’s a competitive necessity. But employees
Today’s business technology is both powerful and restive. No matter how “feature rich” a software solution or hardware asset may
If you run your business from your home or perform certain functions at home that are related to your business,
While the Tax Cuts and Jobs Act (TCJA) reduces most income tax rates and expands some tax breaks, it limits
It’s probably safe to say that most employers have created some form of an employee handbook. But just because your
Donating to charity is a key estate planning strategy for many people. It reduces the size of your taxable estate
Limited liability company (LLC) members commonly claim that their distributive shares of LLC income — after deducting compensation for services
When you file your 2018 income tax return, you’ll likely find that some big tax law changes affect you —
The gift tax annual exclusion allows you to transfer up to $19,000 (for 2026) per beneficiary gift-tax-free, without tapping your
Do you operate a business as a partnership, a limited liability company (LLC) treated as a partnership for tax purposes
If you had significant medical expenses last year, you may be wondering what you can deduct on your 2025 income
A Crummey trust provides a key tax benefit of an outright gift without some of the downsides. Although the mechanics
The IRS is opening the filing season for 2025 individual income tax returns on January 26. This is about the
Now is a good time to review your business’s expenses for deductibility. Accelerating deductible expenses into this year generally will
Planning for the end of life is never easy, but including your funeral and memorial wishes in your estate plan
Year-round tax planning generally produces the best results, but there are some steps you can still take in December to
Beginning in 2026, taxpayers in the top federal income tax bracket will see their itemized deductions reduced. If you’re at
A qualified terminable interest property (QTIP) trust can be a valuable estate planning tool if you have a blended family.
If you have a flexible spending account (FSA) through your employer to help pay for health or dependent care expenses,
Just because it’s December doesn’t mean it’s too late to reduce your 2025 tax liability. Consider implementing one or more