Gerson Preston Klein Lips Eisenberg & Gelber PLLC - Miami Office

This Memorial Day, we pause to honor and remember the brave men and women who made the ultimate sacrifice in service to our country. Their courage and dedication will never be forgotten.

As the tax deadline draws near, we want to express our sincere thanks to our incredible team. Your dedication, hard work, and resilience have been essential in tackling the challenges of this busy season. Together, we've achieved outstanding results. Here’s to the power of teamwork and the success we've built together!

Gerson Preston is saddened by the passing of Richard C. Preston, whose leadership as Former Managing Partner and dedication helped shape our firm for nearly five decades.

With more than 49 years of experience in taxation and accounting, Richard was a trusted advisor to clients and integral to the firm’s growth after becoming a name partner in 1976. He will be remembered for his professionalism, mentorship, and commitment to both his clients and community.

We extend our heartfelt condolences to his wife, Jill, his children, his grandchild and all who knew and admired him.

How the new Trump Accounts for children will work: A new tax-advantaged way to help children build up savings for the future was created by the One Big Beautiful Bill Act (OBBBA): Trump Accounts (TAs). Under a pilot program, you can make an election to set up a TA for your U.S. citizen child born in 2025 through 2028 and the federal government will […]

How the new Trump Accounts for children will work - Gerson, Preston, Klein, Lips, Eisenberg & Gelber, PLLC A new tax-advantaged way to help children build up savings for the future was created by the One Big Beautiful Bill Act (OBBBA): Trump Accounts (TAs). Under a pilot program, you can make an election to set up a TA for your U.S. citizen child born in 2025 through 2028 and the federal government will....

Play it smart by naming co-executors: Choosing an executor is one of the most important decisions in the estate planning process. This person (or institution) will be responsible for carrying out your wishes, managing assets, paying debts and taxes, distributing property to beneficiaries and more. Your first instinct may be to name your spouse, adult child or other close family member […]

Play it smart by naming co-executors - Gerson, Preston, Klein, Lips, Eisenberg & Gelber, PLLC Choosing an executor is one of the most important decisions in the estate planning process. This person (or institution) will be responsible for carrying out your wishes, managing assets, paying debts and taxes, distributing property to beneficiaries and more. Your first instinct may be to name your...

Before claiming a charitable deduction for 2025, make sure you can substantiate it: If you itemize deductions on your 2025 individual income tax return, you potentially can deduct donations to qualified charities you made last year. But your gifts must be substantiated in accordance with IRS requirements. Exactly what's required depends on various factors. In some cases, you must have a written acknowledgment from the charity. Substantiating cash […]

Before claiming a charitable deduction for 2025, make sure you can substantiate it - Gerson, Preston, Klein, Lips, Eisenberg & Gelber, PLLC If you itemize deductions on your 2025 individual income tax return, you potentially can deduct donations to qualified charities you made last year. But your gifts must be substantiated in accordance with IRS requirements. Exactly what’s required depends on various factors. In some cases, you must...

Quadrupled SALT deduction limit means more taxpayers will benefit from itemizing on their 2025 returns: An important decision to make when filing your individual income tax return is whether to claim the standard deduction or itemize deductions. A change under the One Big Beautiful Bill Act (OBBBA) will make it beneficial for more taxpayers to itemize deductions on their 2025 returns. Specifically, if you paid more than $10,000 in state […]

Quadrupled SALT deduction limit means more taxpayers will benefit from itemizing on their 2025 returns - Gerson, Preston, Klein, Lips, Eisenberg & Gelber, PLLC An important decision to make when filing your individual income tax return is whether to claim the standard deduction or itemize deductions. A change under the One Big Beautiful Bill Act (OBBBA) will make it beneficial for more taxpayers to itemize deductions on their 2025 returns. Specifically, if...

National Employee Appreciation Day is the perfect time to recognize the people who make it all possible. To our talented team: thank you for your dedication, perseverance, and hard work. Your contributions, especially during the busy tax season, ensure we deliver the best results for our clients every day!

When should you update your estate plan?: Many people think of estate planning as a “one-and-done” task — something you complete and file away. But an estate plan should evolve as your life and finances and relevant laws change. An outdated plan can create confusion, unintended tax consequences or outcomes that no longer reflect your wishes. The higher federal gift and estate […]

When should you update your estate plan? - Gerson, Preston, Klein, Lips, Eisenberg & Gelber, PLLC Many people think of estate planning as a “one-and-done” task — something you complete and file away. But an estate plan should evolve as your life and finances and relevant laws change. An outdated plan can create confusion, unintended tax consequences or outcomes that no longer reflect your ...

There's still time to set up a SEP and reduce your 2025 taxes: If you own a business or are self-employed and haven't already set up a tax-advantaged retirement plan, consider establishing one before you file your 2025 tax return. If you choose a Simplified Employee Pension (SEP), you'll be able make deductible 2025 contributions to it, saving you taxes. Not only is the SEP deadline favorable, but […]

There’s still time to set up a SEP and reduce your 2025 taxes - Gerson, Preston, Klein, Lips, Eisenberg & Gelber, PLLC If you own a business or are self-employed and haven’t already set up a tax-advantaged retirement plan, consider establishing one before you file your 2025 tax return. If you choose a Simplified Employee Pension (SEP), you’ll be able make deductible 2025 contributions to it, saving you taxes. No...