IRS and MN Department of Revenue Extend Tax Filing and Payment Deadline for Individuals from April 15 to May 17

The Treasury Department and Internal Revenue Service announced that the federal income tax filing due date for individuals for the 2020 tax year will be … [Read more...]

President Biden Signs COVID-19 Relief Bill

President Biden signed the $1.9 trillion COVID-19 relief package called the American Rescue Plan Act (The Act hereafter) of 2021 Thursday afternoon. This will … [Read more...]

CDS Receives Pass Rating on Recent Peer Review

CDS has successfully completed a rigorous peer review of its accounting and auditing practice. The reviewers concluded that the firm’s system of quality control … [Read more...]

COBRA Administration Can Be Complicated!

WHO IS ELIGIBLE? Your company has at least 20 employees and a group health plan and the eligible participant experiences a "qualifying" life event. You … [Read more...]

Firm Update: January 2021 Appointment Protocols

COVID-19 Related Appointment Protocols Last updated: 1-26-21 at 11:00am Our busy season is approaching, and we wanted to provide an update on our … [Read more...]

IRS Announces Tax Filing Season to Start on February 12

Individual Taxpayers News Alert! The Internal Revenue Service (IRS) has announced that the tax season will open on Friday, February 12, 2021, when the tax … [Read more...]

An Overview of Employee Retention Credits

Employee Retention Credit and PPP Forgiveness Below is a summary of key provisions of the credit, comparing the original and the new law. This credit used to … [Read more...]

New PPP Guidance Issued by SBA,Treasury

Late Wednesday evening, January 6, 2021, the U.S. Small Business Administration (SBA) and Treasury issued guidance for the rebooted Paycheck Protection Program … [Read more...]

Meet Our Newest Partners!

Introducing our newest Partners!  We are pleased to announce that Justin McGraw and Kari Steinbeisser have been admitted as Partners at CDS. Managing … [Read more...]