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
Like many business owners, you might also own highly appreciated business or investment real estate. Fortunately, there’s an effective tax
Yes, there’s still time to make 2016 contributions to your IRA. The deadline for such contributions is April 18, 2017.
Although probate can be time consuming and expensive, perhaps its biggest downside is that it’s public — anyone who’s interested
The federal income tax filing deadline for calendar-year partnerships, S corporations and limited liability companies (LLCs) treated as partnerships or
It’s not uncommon for adult children to help support their aging parents. If you’re in this position, you might qualify
Estate planning isn’t just about what happens to your assets after you die. It’s also about protecting yourself and your
Most business owners spend a lifetime building their business. And when it comes to succession, they face the difficult decision
Many business owners are accustomed to running the whole show. But as your company grows, you’ll likely be better off
Some business owners make major decisions by relying on gut instinct. But investments made on a “hunch” often fall short
As you file your 2016 return and plan your charitable giving for 2017, it’s important to keep in mind the
Rather than keeping track of the actual cost of operating a vehicle, employees and self-employed taxpayers can use a standard
Because restricted gifts have stringent rules attached, they can be difficult for not-for-profits to manage and account for. How, then,
If you’re a parent or grandparent with college-bound children, you may want to save to fund future education costs. Here
If your small business has a retirement plan, and even if it doesn’t, you may see changes and benefits from
One of your primary estate planning goals may be to pass as much of your wealth to your family as
If you have a child or grandchild in college — congratulations! To help pay for the expenses, many parents and
Family-owned businesses face distinctive challenges when it comes to succession planning. For example, it’s important to address the distinction between
The Employee Retention Credit (ERC) was a valuable tax credit that helped employers that kept workers on staff during the
Many people include health care powers of attorney or advance directives in their estate plans so they have some influence
If you own a home and rent it to a relative, you may be surprised to find out there could
On December 23, 2022, Congress passed the Consolidated Appropriations Act of 2023. The sprawling year-end spending “omnibus” package includes two
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2023. Keep
A smart estate plan should leave no doubt as to your intentions. Writing a letter of instruction can go a
As you may know, you can’t keep funds in your traditional IRA indefinitely. You have to start taking withdrawals from