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
Last year you may have made significant gifts to your children, grandchildren or other heirs as part of your estate
Simplified Employee Pensions (SEPs) are sometimes regarded as the “no-brainer” first choice for high-income small-business owners who don’t currently have
Incentive stock options allow you to buy company stock in the future at a fixed price equal to or greater
Sharing your wealth with a favorite charity can benefit those in need and reduce your taxable estate. In addition, your
The Section 199 deduction is intended to encourage domestic manufacturing. In fact, it’s often referred to as the “manufacturers’ deduction.”
Was a college student in your family last year? Or were you a student yourself? You may be eligible for
“I’m taking a sick day!” This familiar refrain usually is uttered with just cause, but not always. What if there
It’s crucial to review and update your estate plan in light of significant life changes or new tax laws. It’s
Investment interest — interest on debt used to buy assets held for investment, such as margin debt used to buy
At the beginning of the year, many people decide they’re going to get in the best shape of their lives.
Bonus depreciation allows businesses to recover the costs of depreciable property more quickly by claiming additional first-year depreciation for qualified
While it’s natural to set up trusts in the state where you live, you may be losing out on significant
If you’re divorcing, it’s important to review your estate plan as early as possible, for two reasons: First, you may
We’ve reached the middle of the calendar year. So how are things going for your business? Conversationally you might say,
The U.S. Senate has passed, and President Trump is expected to sign into law, a broad package of reforms aimed
Is your business hiring this summer? If the employees come from certain “targeted groups,” you may be eligible for the
You’ve probably seen or heard ads urging you to donate your car to charity. “Make a difference and receive tax
The record-high exemption amount currently in effect means that fewer families are affected by gift and estate taxes. As a
Can your business become more profitable without venturing out of its comfort zone? Of course! However, adding new products or
Many employers believe they’ve taken adequate steps to prevent employment discrimination. And yet, it happens. The Equal Employment Opportunity Commission
If federal income tax and employment taxes (including Social Security) are withheld from employees’ paychecks and not handed over to
Life insurance has long provided a source of liquidity to pay estate taxes and other expenses. But, with the estate
When you retire, you may consider moving to another state — say, for the weather or to be closer to
When you retire, you may consider moving to another state — say, for the weather or to be closer to