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
Powers of appointment allow a trusted individual (the “holder”) to adjust how assets are distributed after your death, based on
If you’re self-employed, you probably have questions about deducting business expenses on your federal income tax return. Here’s a quick
Tax scammers continue to target taxpayers through email, text messages, phone calls and regular mail. They often try to create
Many parents assume an estate plan is only necessary for older adults or those with substantial wealth. However, once your
Whether you’re relocating for work, retirement, family or lifestyle reasons, state taxes can have a significant financial impact. Taxes vary
Many parents don’t know that the so-called “kiddie tax” exists. Others assume it affects only minor children. But it also
A properly structured grantor retained annuity trust (GRAT) can be a powerful tool for those with estates large enough that
If you participate in a company 401(k) plan, you already know that you can make pre-tax contributions up to the
Do you hold assets such as overseas real estate, foreign bank accounts or investments in international markets? Properly addressing foreign
Your estate plan should be flexible enough to adapt to changing laws, family circumstances and financial situations. If it includes
If you run your business as a C corporation, you may be eligible for a potentially significant tax break for
Would you like your estate plan to support your favorite charity and leave a legacy for your family? Two trust
The new American Rescue Plan Act provides eligible families with an enhanced child and dependent care credit for 2021. This
President Biden has signed the PPP Extension Act of 2021. The new law extends the Paycheck Protection Program (PPP) application
President Biden signed the $1.9 trillion American Rescue Plan Act (ARPA) on March 11. While the new law is best
For many people, an important goal of estate planning is to leave a legacy for their children, grandchildren and future
April 15 is not only the deadline for filing your 2020 tax return, it’s also the deadline for the first
The Employee Retention Credit (ERC), which was created to encourage employers to keep their workforces intact during the COVID-19 pandemic,
While many businesses have been forced to close due to the COVID-19 pandemic, some entrepreneurs have started new small businesses.
The IRS has announced that the federal income tax filing deadline for individuals for the 2020 tax year is extended
For many people, the first thing they think of when they hear the words “estate plan” is a will. And
On March 11, 2021, President Biden signed into law the American Rescue Plan Act (ARPA). The $1.9 trillion law is
Are you a business owner thinking about hiring? Be aware that a recent law extended a credit for hiring individuals
If you’re approaching retirement, you probably want to ensure the money you’ve saved in retirement plans lasts as long as