Major Shift in Tip Credit Rule: What Employers Need to Know

On August 23, 2024, the Fifth Circuit Court of Appeals made a landmark decision by vacating the Department of Labor’s (DOL) “80/20/30” tip credit rule. This … [Read more...]

Lexi becomes Certified QuickBooks ProAdvisor

Lexi Ostrue-Lanigan recently received her QuickBooks ProAdvisor Desktop certification. Lexi joined CDS in 2023 as a Bookkeeper. Lexi graduated from Rasmussen … [Read more...]

The tax implications of disability income benefits

Many Americans receive disability income. Are you one of them, or will you soon be? If so, you may ask: Is the income taxed and if it is, how? It depends on the … [Read more...]

Closing a business involves a number of tax responsibilities

While many facets of the economy have improved this year, the rising cost of living and other economic factors have caused many businesses to close their doors. … [Read more...]

IRS issues final regulations on inherited IRAs

The IRS has finalized regulations for the "10-year rule" regarding required minimum distributions (RMDs) from inherited IRAs and defined contribution plans. … [Read more...]

Amanda Buckingham joins CDS

Amanda Buckingham recently joined CDS as a Senior Accountant in our Litchfield office. Prior to CDS, she worked in private accounting for over ten years. Amanda … [Read more...]

Sammy Nelson Promoted

Sammy Nelson was recently promoted to Senior Accountant. She joined CDS fulltime in 2020, prior to that, she was intern for CDS. Sammy graduated from St. Cloud … [Read more...]

Ashlee Fader Promoted

Ashlee Fader was recently promoted to Senior Operations Coordinator. She joined CDS in 2012. Prior to CDS, Ashlee worked in customer service for over eight … [Read more...]

Megan Gertgen joins CDS

Megan Gertgen recently joined CDS as an Administrative Assistant in our Willmar office. Prior to CDS, she worked in client service for over three years. Megan … [Read more...]