President Trump recently signed the Doug LaMalfa Federal Disaster Tax Relief Certainty Act (LaMalfa Act) into law. Among other things, it extends tax relief for … [Read more...]
New law extends tax relief for disaster-related personal casualty losses and more
September 29, 2026 by Annette Benson
Consider an installment sale to optimize taxes when selling your business
September 29, 2026 by Mitchell Erickson
Over the years, you’ve invested blood, sweat and tears into building a successful small business. Now it’s time to sell and move on to the next chapter of your … [Read more...]
A small business primer on expense deductions
September 29, 2026 by Jeff Rislov
Whether your small business is new or you’ve run it for decades, you may not fully understand which expenses are potentially tax-deductible and which aren’t. … [Read more...]
What are the tax implications of cryptocurrency transactions?
September 21, 2026 by Mitchell Erickson
If your small business accepts, uses or invests in Bitcoin, Ethereum or other forms of cryptocurrency, accurate reporting and detailed records are critical for … [Read more...]
Prepare a successor to lead your family business
September 20, 2026 by Jennifer Solem (Lownsbury)
Are you planning to retire or move on from your family business in the next five to ten years? If so, and you know who’ll succeed you, start preparing that … [Read more...]
Nicole Fernkes promoted to Staff Accountant
September 13, 2026
Nicole Fernkes has been promoted to Staff Accountant at CDS. She joined the firm in 2022 as a Bookkeeper and brought more than ten years of experience in … [Read more...]
Shelbey Kummers joins CDS
September 3, 2026
Shelbey Kummers recently joined CDS as a Payroll Specialist in our Willmar office. Prior to CDS, she worked in accounting and financial services for over five … [Read more...]
Sometimes how much is in tax-deferred retirement accounts may be too much
September 1, 2026 by Jeff Rislov
Contributing as much as possible to tax-deferred retirement accounts such as traditional 401(k)s and IRAs is a common recommendation. Contributions generally … [Read more...]
Educators may be able to claim 2 deductions for 2026 classroom expenses
September 1, 2026 by Mitchell Erickson
Teachers and other educators often spend their own money on books, supplies, equipment and other classroom needs. For 2026, eligible educators may have two ways … [Read more...]
Be tax-smart with your mutual fund investments
September 1, 2026 by Jon Hinderks
Mutual funds offer an easy way to invest in a diversified portfolio compared to buying individual stocks and bonds. But the tax treatment of mutual funds isn’t … [Read more...]
