SUMMARY What to Do If You Receive a Tax Notice Don’t ignore tax notices—review and respond promptly to avoid penalties. Notices may be about balances … [Read more...]
Ask your audit committee to oversee fraud prevention
July 13, 2026 by Kari Steinbeisser
Fraud prevention starts at the top — with the board of directors. In fact, an engaged audit committee (or other oversight team, such as an advisory board) can … [Read more...]
Can we implement a policy that spells out how resignations and terminations are communicated to employees and clients?
July 9, 2026 by Nicholle Peterson
Answered by the HR Experts You can, yes. It’s generally a good idea to follow a communication plan as departures can be disruptive to both the work of your … [Read more...]
Midyear tax planning: Review opportunities to save taxes this year (or next)
July 7, 2026 by Jeff Rislov
Summer is a good time to see whether your income, deductions and investment activity are lining up as expected. Let’s take a look at a few areas that commonly … [Read more...]
Will your Social Security benefits be taxable?
July 6, 2026 by Jeff Rislov
SUMMARY Senior Deduction Overview New “senior” deduction: up to $6,000 per person (income limits and phaseouts apply) Available regardless of Social … [Read more...]
What’s the right entity type for your new business?
July 6, 2026 by David Corneil
Start-ups must choose a legal entity for their business activities. The type of entity you select affects how the business is taxed and who may be held … [Read more...]
Fraud targeting veterans is a small business issue
July 6, 2026 by Kari Steinbeisser
U.S. military veterans own majority stakes in more than 1.6 million businesses and represent 5.3% of this country’s business owners, according to the U.S. Small … [Read more...]
Selecting a tax accounting method for your small business
July 6, 2026 by Jim Rudnick
Small business owners must answer an important question: Should we use the cash or accrual accounting method for federal income tax purposes? Larger entities … [Read more...]
Amber Diederich joins CDS
June 24, 2026
Amber Diederich recently joined CDS as a Payroll Specialist in our Litchfield office. Prior to CDS, she worked in payroll and accounting for three years. Amber … [Read more...]
Lauren Petersen joins CDS
June 24, 2026
Lauren Petersen recently joined CDS as an Administrative Assistant in our Morris office. Prior to CDS, she worked in customer service for three years. Lauren … [Read more...]
