Material participation: Why it matters for LLP and LLC owners

The passive activity loss (PAL) rules may limit your ability to deduct losses from a business structured as a limited liability partnership (LLP) or limited … [Read more...]

Your post-tax-filing checklist

After you’ve filed your 2025 tax return, what’s next? It’s easy to move on to other things, but taking a little time to address some tax-related items now can … [Read more...]

It May Be Time for a Financial Checkup

It May Be Time for a Financial Checkup The only constant in life is change. Whether you’ve started a new job, gotten married, welcomed a child or grandchild, … [Read more...]

ACA penalties may still apply — and they’re increasing for 2026

Many small businesses don’t have enough employees to worry about the play-or-pay provisions of the Affordable Care Act (ACA). However, as your business grows, … [Read more...]

Tax Checklist for Newlyweds

Summer is a popular season for weddings, and newlyweds can make tax filing easier by taking a few simple steps now. Remember, your marital status as of December … [Read more...]

Exempt vs Nonexempt Classification of Employees

Answered by the HR Experts at Mineral HR Exempt and nonexempt are classifications under the Fair Labor Standards Act (FLSA), a federal law requiring that most … [Read more...]

What you need to know about filing an extension — and minimizing penalties

If you don’t have everything ready to complete your 2025 federal individual income tax return by the April 15 deadline, you can request an automatic extension. … [Read more...]

Help stop staged accidents from raising your insurance costs

According to the FBI, staged auto accidents account for approximately $20 billion a year in losses. This type of insurance fraud is particularly harmful to the … [Read more...]

FAQs about the research credit

Companies that engage in research and development activities may qualify for a federal tax credit for some of those expenses. The credit is complicated to … [Read more...]