Starting in 2026, companies in Minnesota with 5 or more employees MUST offer a qualified retirement plan. If they don’t offer their own plan, they must join the … [Read more...]
No tax on car loan interest under the new law? Not exactly
August 13, 2025 by Mitchell Erickson
Under current federal income tax rules, so-called personal interest expense generally can’t be deducted. One big exception is qualified residence interest or … [Read more...]
A tax guide to choosing the right business entity
August 13, 2025 by Jeff Rislov
One of the most critical decisions entrepreneurs make when starting or restructuring a business is choosing the right entity type. This choice directly impacts … [Read more...]
How to interview employees about possible fraud
August 13, 2025 by Annette Benson
If you or your managers suspect fraud is occurring in your organization, you can’t afford to wait to act. According to the Association of Certified Fraud … [Read more...]
Act soon: The OBBBA ends clean energy tax breaks
August 5, 2025 by Jeff Rislov
The newly enacted One, Big, Beautiful Bill Act (OBBBA) represents a major move by President Trump and congressional Republicans to roll back a number of clean … [Read more...]
The new law includes a game-changer for business payment reporting
August 4, 2025 by Mitchell Erickson
The One, Big Beautiful Bill Act (OBBBA) contains a major overhaul to an IRS requirement. Beginning with payments made in 2026, the new law raises the threshold … [Read more...]
State Auditor Julie Blaha Visits CDS
July 30, 2025
We were honored to welcome State Auditor Julie Blaha to our Willmar office on July 8! Auditor Blaha is visiting local auditing firms across Minnesota to discuss … [Read more...]
Brady Krupa promoted to Senior Accountant
July 30, 2025
Brady Krupa, MBA, has been promoted to Senior Accountant. He joined CDS in 2023 as a Staff Accountant, after an internship with the firm. Brady graduated from … [Read more...]
Mitch Gwost promoted to Manager
July 30, 2025
Mitch Gwost, CPA, has been promoted to Manager. He joined CDS in 2019 as a Staff Accountant, and has since become an integral member of our team. Mitch … [Read more...]
