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
If you’re age 65 or older and enrolled in basic Medicare insurance, you may need to pay additional premiums to
As a closely held business owner, a substantial amount of your wealth likely is tied to the business. Of course,
On July 4, President Trump signed into law the far-reaching legislation known as the One, Big, Beautiful Bill Act (OBBBA).
The U.S. House of Representatives passed The One, Big, Beautiful Bill Act on May 22, 2025, introducing possible significant changes
Many businesses turn to independent contractors to help manage costs, especially during times of staffing shortages and inflation. If you’re
For many people, creating an estate plan falls into the category of important but not urgent. As a result, it
If you’re claiming deductions for business meals or vehicle expenses, expect the IRS to closely review them. In some cases,
Do you believe you don’t need to worry about estate planning because of the current federal estate tax exemption ($13.99
The Tax Cuts and Jobs Act (TCJA) effectively doubled the unified federal gift and estate tax exemption — and annual
Asset protection is a strategic approach to safeguarding your wealth from potential lawsuits and creditor claims. Indeed, protecting your assets
As the use of digital assets like cryptocurrencies continues to grow, so does the IRS’s scrutiny of how taxpayers report
The U.S. House of Representatives passed its sweeping tax and spending bill, dubbed The One, Big, Beautiful Bill Act (OBBBA),
During the holiday season your thoughts likely turn to helping those in need by making charitable donations. Doing so will
Standard mileage rates decrease for 2017. The IRS announced that the optional mileage allowance for owned or leased autos, vans,
Year end is just about here. You know what that means, right? It’s a great time to settle in by
An alternative way to be charitable. Taxpayers who are at least 70½, who have IRAs and who wish to donate
Flexible Spending Accounts (FSAs) save tax. The IRS reminds eligible employees to take advantage of employer health care FSAs in
A tried-and-true estate planning strategy is to make tax-free gifts to loved ones during life, because it reduces potential estate
The 2016 gift tax annual exclusion allows you to give up to $14,000 per recipient tax-free without using up any
If you limit how many vacation days employees can roll over to the new year, you might find your workplace
Get ready to file your tax return in 2017. The IRS announced that the 2017 tax filing season will begin
Be sure to take required minimum distributions (RMDs) by year end, if required. If you’ve reached age 70 1/2, take
There are some last-minute moves that may save you money on your 2016 taxes. 1) If you’re eligible for a
Congress Watch: U.S. House of Representatives prepares to adjourn. On Dec. 8, the House passed H.R. 2028, “Further Continuing and