Lexi Ostrue-Lanigan recently joined CDS as a Bookkeeper in our Litchfield office. Lexi graduated from Rasmussen College in St. Cloud, MN with a Bachelor of … [Read more...]
Mitch Hjelle Earns AICPA Not-for-Profit Certificate
September 21, 2023
Mitch Hjelle, CPA recently earned his Not-for-Profit Certificate through the American Institute of CPAs® (AICPA). The certificate program covered not-for-profit … [Read more...]
IRS suspends processing of ERTC claims
September 21, 2023 by Annette Benson
In the face of a flood of illegitimate claims for the Employee Retention Tax Credit (ERTC), the IRS has imposed an immediate moratorium through at least the end … [Read more...]
Update on depreciating business assets
September 21, 2023 by Brett Aamot
The Tax Cuts and Jobs Act liberalized the rules for depreciating business assets. However, the amounts change every year due to inflation adjustments. And due … [Read more...]
IRS orders immediate stop to new Employee Retention Credit processing
September 15, 2023 by Annette Benson
Amid rising concerns about a flood of improper Employee Retention Credit claims, the Internal Revenue Service today announced an immediate moratorium through at … [Read more...]
Retirement account catch-up contributions can add up
August 28, 2023 by Larry Stulen
If you’re age 50 or older, you can probably make extra “catch-up” contributions to your tax-favored retirement account(s). It is worth the trouble? Yes! Here … [Read more...]
Things for extension filers to keep in mind
August 24, 2023 by Mitchell Erickson
Many people requested an extension to file their tax return after the usual April deadline. These filers have until October 16, 2023, to complete and file their … [Read more...]
Planning ahead for 2024: Should your 401(k) help employees with emergencies?
August 24, 2023 by Jeff Rislov
The SECURE 2.0 law, which was enacted last year, contains wide-ranging changes to retirement plans. One provision in the law is that eligible employers will … [Read more...]
IRS provides transitional relief for RMDs and inherited IRAs
August 24, 2023 by David Corneil
The IRS has issued new guidance providing transitional relief related to recent legislative changes to the age at which taxpayers must begin taking required … [Read more...]
