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
U.S. multinationals optimistic for another repatriation holiday. President-elect Trump’s election win moves large U.S. corporations closer than they’ve been in
Could on-site childcare become more attractive for businesses under President-elect Trump? On his website, Trump proposed during the campaign to
Will you owe the 3.8% net investment income tax (NIIT) on unearned income? Try to reduce your exposure. It’s a
Many tax breaks are reduced or eliminated for higher-income taxpayers. Two of particular note are the itemized deduction reduction and
In addition to income tax, you must pay Social Security and Medicare taxes on earned income, such as salary and
Typically, it’s better to defer tax. One way is through controlling when your business recognizes income and incurs deductible expenses.
There’s a lot to think about when you change jobs, and it’s easy for a 401(k) or other employer-sponsored retirement
If you’re charitably inclined, making donations is probably one of your key year-end tax planning strategies. But if you typically
Section 529 plans provide a tax-advantaged way to help pay for college expenses. Here are just a few of the
If you have incomplete or missing records and get audited by the IRS, your business will likely lose out on
If you invest, whether you’re considered an investor or a trader can have a significant impact on your tax bill.
If you recently redeemed frequent flyer miles to treat the family to a fun summer vacation or to take your
The passive activity loss (PAL) rules may limit your ability to deduct losses from a business structured as a limited
Yes, the April 15 tax deadline is now behind us. But there are also deadlines during the rest of the
Donor-advised funds (DAFs) have become increasingly popular among individuals and families who want to simplify their charitable giving while maximizing
With the April 15 tax filing deadline in the rearview mirror, you’re likely to turn your attention to other things.
When most people think about estate planning, they focus primarily on tangible assets, such as real estate, investments and personal
The deadlines for filing 2025 tax returns (or extensions) are fast approaching. Although most tax planning moves must be completed
Life insurance can provide peace of mind. But if your estate is large enough that estate taxes are a concern,
If you operate your business as a C corporation, how you put money into your company — and how you
Last year’s One Big Beautiful Bill Act (OBBBA) terminated several clean energy tax incentives earlier than previously scheduled. But if
A family limited partnership (FLP) allows you to manage and protect your wealth while gradually transferring it to your children
Generally, each year you can contribute up to the annual limit to a traditional or Roth IRA (or a combination
A new but temporary special depreciation allowance for qualified production property (QPP) was created by last year’s One Big Beautiful