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 like many Americans, letters from your favorite charities have been appearing in your mailbox in recent weeks acknowledging
Choosing the right executor — sometimes known as a “personal representative” — is critical to the smooth administration of an
Many, if not most, employers today use some form of an “at-will” employment contract when hiring. The arrangement is theoretically
When President Trump signed into law the Tax Cuts and Jobs Act (TCJA) in December 2017, much was made of
While the Tax Cuts and Jobs Act (TCJA) generally reduced individual tax rates for 2018 through 2025, some taxpayers could
While most provisions of the Tax Cuts and Jobs Act (TCJA) went into effect in 2018 and either apply through
Now that 2019 has begun, there isn’t too much you can do to reduce your 2018 income tax liability. But
What if the unthinkable happens and your spouse dies unexpectedly? Would you be prepared to cope emotionally and financially? As
An annual estate plan checkup is critical to the health of your estate plan. Because various exclusion, exemption and deduction
Retirement plan contribution limits are indexed for inflation, and many have gone up for 2019, giving you opportunities to increase
Estate planning aims to help individuals achieve several important goals — primary among them, transferring wealth to loved ones at
Business owners engaged in fraudulent activities often try to manipulate their companies’ financial statements. Fortunately for fraud experts, business owners’