Workers’ Compensation and the Family and Medical Leave Act (FMLA)

Question: We have an employee out due to a work-related injury. Do we still need to send them Family and Medical Leave Act (FMLA) paperwork if they’re already … [Read more...]

Thinking About Applying for 501(c)(3) Status? Here Is What You Need to Know

If you’re considering 501(c)(3) status, it likely means you’ve felt a calling to give back. Perhaps you’re forming a private foundation or public charity, or … [Read more...]

Minnesota Secure Choice Retirement Program

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

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

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

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

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

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

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

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...]