Our Newest CDS Partner

Stacey Seviola, CPA has been admitted as Partner at CDS effective January 1, 2023. Stacey Seviola, CPA has been a Manager at CDS since 2016. She joined … [Read more...]

SECURE 2.0 Act

On December 23, 2022, Congress passed the Consolidated Appropriations Act of 2023. The sprawling year-end spending “omnibus” package includes two important new … [Read more...]

Podcast: Tax Insights for the 2023 Filing Season

Check out our latest podcast (Episode 20) on Tax Insights for individuals and businesses for the 2023 filing season hosted by Manager, Thomas Stoeckman, CPA. … [Read more...]

2023 Q1 tax calendar: Key deadlines for businesses and other employers

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2023. Keep in mind that this list isn’t … [Read more...]

Choosing a business entity? Here are the pros and cons of a C corporation

If you’re launching a new business venture, you’re probably wondering which form of business is most suitable. Here is a summary of the major advantages and … [Read more...]

Becky Lang joins CDS

Becky Lang recently joined CDS as a Staff Auditor in our Willmar offce. Prior to CDS, she worked in private accounting for 12 years and public accounting for 7 … [Read more...]

Inflation Spikes Social Security for 2023

The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $160,200 for 2023 (up from $147,000 … [Read more...]

Great Tax Reduction Ideas

The tax code is about 75,000 pages long, so it’s not surprising there are many overlooked money-saving deductions hidden within it. And with the much higher … [Read more...]

Benefits of an employer-sponsored HSA

No one needs to remind business owners that the cost of employee health care benefits keeps going up. One way to provide some of these benefits is through an … [Read more...]

Inflation means you and your employees can save more for retirement in 2023

How much can you and your employees contribute to your 401(k)s next year — or other retirement plans? In Notice 2022-55, the IRS recently announced … [Read more...]