QuickBooks Programs and Pricing Updates

QuickBooks plans to stop selling several versions to new U.S. subscribers. The deadline to purchase new subscriptions of the listed products has been extended … [Read more...]

Maximizing Your Savings: Home Energy and Electric Vehicle Tax Credits in 2024

As we move into 2024, sustainability takes center stage, not only in our everyday lives but also in our financial planning. Two significant avenues for savings … [Read more...]

New MN Earned Sick and Safe Time (ESST) Law Changes

The earned sick and safe time (ESST) law was recently updated to clarify who qualifies for ESST, the rate at which ESST must be paid, ESST application to other … [Read more...]

Federal regulators expand overtime pay requirements, ban most noncompete agreements

The U.S. Department of Labor (DOL) has issued a new final rule regarding the salary threshold for determining whether employees are exempt from federal overtime … [Read more...]

Beneficial Ownership Information (BOI) & Reporting

Effective January 1, 2024 many businesses in the United States must comply and report information about their beneficial owners - the individuals who ultimately … [Read more...]

Inflation enhances the 2025 amounts for Health Savings Accounts

The IRS recently released guidance providing the 2025 inflation-adjusted amounts for Health Savings Accounts (HSAs). These amounts are adjusted each year, based … [Read more...]

Tax breaks for caring for an elderly relative

There are many rewards for taking care of an elderly relative. They may include feeling needed, making a difference in the person’s life and allowing the person … [Read more...]

Income and Deductions Strategies for Businesses

Businesses usually want to delay recognition of taxable income into future years and accelerate deductions into the current year. But when is it wise to do the … [Read more...]

Tax Planning – When you need it and how to start

Tax planning considers multiple factors, not only continually planning and paying attention to your financial situation throughout each year to help keep taxes … [Read more...]

IRS extends relief for inherited IRAs

For the third consecutive year, the IRS has published guidance that offers some relief to taxpayers covered by the “10-year rule” for required minimum … [Read more...]