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...]
What tax documents can you safely shred? And which ones should you keep?
April 21, 2025 by Carolyn Halverson
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...]
Have You Planned for Your 2025 Retirement Contributions
April 21, 2025 by David Corneil
There is still time to review funding of your retirement accounts in 2025. The higher income phaseouts for eligibility will make many more taxpayers eligible … [Read more...]
Beyond the fraud risk assessment: Managing nuanced threats
April 21, 2025 by Annette Benson
Annual fraud risk assessments can be very effective in finding obvious fraud threats and documenting internal controls that are in place to minimize them. … [Read more...]
Explore SEP and SIMPLE retirement plans for your small business
April 21, 2025 by Jen Burnett
Suppose you’re thinking about setting up a retirement plan for yourself and your employees. However, you’re concerned about the financial commitment and … [Read more...]
Turn a summer job into tax savings: Hire your child and reap the rewards
April 14, 2025 by Carolyn Halverson
With summer fast approaching, you might be considering hiring young people at your small business. If your children are also looking to earn some extra money, … [Read more...]
Mitigate the risks: Tips for dealing with tariff-driven turbulence
April 11, 2025 by Jeff Rislov
President Trump’s “Liberation Day” announcement of global tariffs caught businesses, as well as foreign countries and worldwide financial markets, off guard. … [Read more...]
Sydney Rouser joins CDS
April 10, 2025
Sydney Rouser recently joined CDS as a Payroll Specialist in our Willmar office. Prior to CDS, she worked in bookkeeping, payroll, and client service for over … [Read more...]
Small business alert: Watch out for the 100% penalty
April 7, 2025 by Jeff Rislov
Some tax sins are much worse than others. An example is failing to pay over federal income and employment taxes that have been withheld from employees’ … [Read more...]
Keeping password “spraying” from compromising your network
April 2, 2025 by Annette Benson
Cybercriminals are always looking for novel ways to gain unauthorized access to online accounts and IT networks. Password “spraying” is a newer scheme you and … [Read more...]
