MN Unemployment Surcharge

Check out some details about the Minnesota Unemployment Surcharge. Unemployment Tax Rate Factors for 2021 Taxable wage base: $35,000 (did not change from … [Read more...]

Biden Signs PPP Deadline Extension Into Law

The Paycheck Protection Program (PPP) application deadline formally changed from March 31 to May 31 this past Tuesday (3-30-21) when President Joe Biden signed … [Read more...]

IRS and MN Department of Revenue Extend Tax Filing and Payment Deadline for Individuals from April 15 to May 17

The Treasury Department and Internal Revenue Service announced that the federal income tax filing due date for individuals for the 2020 tax year will be … [Read more...]

American Rescue Plan Act Changes Affecting HR/Payroll

The American Rescue Plan Act bill was signed into law last Thursday by President Biden. It addresses the ongoing economic impacts of COVID-19. Most aspects of … [Read more...]

Shuttered Venue Operators Grant

Shuttered Venue Operators Grant Program The Shuttered Venue Operators (SVO) Grant program was established by the Economic Aid to Hard-Hit Small Businesses, … [Read more...]

SBA Provides Additional PPP Guidance (as of March 12, 2021)

On March 12, the U. S. Small Business Administration (SBA) issued additional guidance for lenders and borrowers participating in the Paycheck Protection Program … [Read more...]

SBA Delays EIDL Payments Until 2022

In a news release issued late Friday evening by the U.S. Small Business Administration (SBA), they announced that small businesses that received a COVID-19 … [Read more...]

President Biden Signs COVID-19 Relief Bill

President Biden signed the $1.9 trillion COVID-19 relief package called the American Rescue Plan Act (The Act hereafter) of 2021 Thursday afternoon. This will … [Read more...]

CDS Receives Pass Rating on Recent Peer Review

CDS has successfully completed a rigorous peer review of its accounting and auditing practice. The reviewers concluded that the firm’s system of quality control … [Read more...]

SBA Issues New Forms and Guidance for Self-employed Individuals

The U.S. Small Business Administration (SBA) issued new Paycheck Protection Program (PPP) interim final rule (IFR) late Wednesday afternoon that allows … [Read more...]