New PPP Direct Forgiveness Portal

SBA Announces the Opening of a Paycheck Protection Program Direct Forgiveness Portal Starting August 4, 2021, the new portal will streamline applications for … [Read more...]

Allyson Promoted to Staff Accountant

Allyson Wittman Promoted to Staff Accountant WILLMAR, MN – Allyson Wittman joined CDS in 2020 as a Bookkeeper. Prior to CDS, she worked as a marketing … [Read more...]

So, You Need a Single Audit

American Rescue Plan Act (ARPA) and the Single Audit What is a Single Audit? A single audit is an audit of an entity that spends $750,000 or more in federal … [Read more...]

Alex Broadwell Joins CDS

Welcome to CDS, Alex! Alex Broadwell recently joined CDS as a Staff Accountant in our Willmar office. He graduated from St. John's University in … [Read more...]

Minnesota Tax Bill Passed

In the early hours of July 1, both chambers of the Minnesota Legislature passed the tax bill, marking the final piece of legislation approved in the special … [Read more...]

American Rescue Plan Funds for Non-Entitlement Cities

American Rescue Plan Funds for Non-Entitlement Cities On March 11, 2021, President Biden signed the $1.9 Trillion American Rescue Plan to provide additional … [Read more...]

R&D Tax Credits and the ERC

With the signing of the Consolidated Appropriations Act (CAA) in December 2020, the interplay with ERC and R & D credit wages was addressed stating that any … [Read more...]

Firm Highlights (June 2021)

New Hires Sammy Mickelson joined CDS as a Staff Accountant in our Willmar office. She was an intern for CDS in 2020. Sammy graduated from St. Cloud State … [Read more...]

Child Tax Credit 2021

Child Tax Credit 2021 The American Rescue Plan Act of 2021 (ARPA) enacted in March 2021 made changes to the Child Tax Credit that may benefit many … [Read more...]

Is your gym up to speed on the Employee Retention Credit?

What is the ERC? The Employee Retention Credit (ERC) is a refundable payroll tax credit for wages paid and health coverage provided by an employer whose … [Read more...]