The Deadline Is June 16, 2025! For many small business owners, self-employed individuals, and anyone who receives income not subject to withholding, estimated … [Read more...]
Still have tax questions? You’re not alone.
May 6, 2025 by Karla Hemmesch
Even after your 2024 federal return is submitted, a few nagging questions often remain. Below are quick answers to five of the most common questions we hear … [Read more...]
How fraud can harm your business’s value
May 5, 2025 by Annette Benson
Fraud — whether it’s occupational or external — doesn’t just cause immediate financial losses. It can also reduce your company’s long-term value. For example, … [Read more...]
Corporate business owners: Is your salary reasonable in the eyes of the IRS?
May 5, 2025 by Jim Rudnick
Determining “reasonable compensation” is a critical issue for owners of C corporations and S corporations. If the IRS believes an owner’s compensation is … [Read more...]
Who Should Be Responsible for Delivering a Disciplinary Action?
April 30, 2025
In general, disciplinary actions should be delivered by the employee’s manager. It’s the manager’s job to define what success looks like in the role, set … [Read more...]
Lactation Accomodation Q&A
April 25, 2025 by Nicholle Peterson
What are we required to provide for an employee who asks to pump breast milk at work? The federal Fair Labor Standards Act, amended by the Providing Urgent … [Read more...]
Personal Leave of Absence Q&A
April 25, 2025 by Nicholle Peterson
An employee requested an unpaid leave of absence to complete their last semester of college. Do we have to approve it? If we don’t but still want to, what … [Read more...]
Understanding the “step-up in basis” when inheriting assets
April 24, 2025 by Jeff Rislov
If you inherit assets after a loved one passes away, they often arrive with a valuable — but frequently misunderstood — tax benefit called the step-up in basis. … [Read more...]
What tax documents can you safely shred? And which ones should you keep?
April 21, 2025 by Carolyn Halverson
Once your 2024 tax return is in the hands of the IRS, you may be tempted to clear out file cabinets and delete digital folders. But before reaching for the … [Read more...]
Common Overlooked Taxable Events
April 21, 2025 by Mitchell Erickson
Here are seven tax topics that seem innocent but can cause problems if not handled correctly. 1. Gambling winnings. If you receive a tax form at a casino for … [Read more...]
