As 2023 winds down, here are some ideas to help you prepare for filing your upcoming tax return: Informational returns. Identify all vendors who require a … [Read more...]
5 strategies to cut your company’s 2023 tax bill
November 20, 2023 by Mitchell Erickson
As another year ends with interest rates and markets in flux, one thing remains certain: reducing your company’s tax bill can improve your cash flow and your … [Read more...]
2024 Social Security Changes
November 14, 2023
For any questions about the Social Security benefit changes, please contact our CDS experts at (888) 388-1040. … [Read more...]
5 Ideas to Help Small Business Owners Reduce Taxes for 2023
November 7, 2023 by Mitchell Erickson
As year end approaches, small business owners should review their tax situations to determine ways to lower federal income taxes for the current tax year — and … [Read more...]
Rachael Felchle joins CDS
October 25, 2023
Rachael Felchle recently joined CDS as a Bookkeeper in our Sartell office. Prior to CDS, she worked in accounting for over ten years. Rachael graduated from St. … [Read more...]
Mitch Hjelle Earns AICPA Not-for-Profit Certificate
September 21, 2023
Mitch Hjelle, CPA recently earned his Not-for-Profit Certificate through the American Institute of CPAs® (AICPA). The certificate program covered not-for-profit … [Read more...]
Evaluate whether a Health Savings Account is beneficial to you
September 21, 2023 by Jeff Rislov
With the escalating cost of health care, many people are looking for a more cost-effective way to pay for it. For eligible individuals, a Health Savings Account … [Read more...]
Your Home is a Bundle of Tax Benefits
September 21, 2023 by Mitchell Erickson
There are many tax benefits built into home ownership. Here is a review of the most common. Your house is a great place to control the amount of tax you … [Read more...]
IRS suspends processing of ERTC claims
September 21, 2023 by Annette Benson
In the face of a flood of illegitimate claims for the Employee Retention Tax Credit (ERTC), the IRS has imposed an immediate moratorium through at least the end … [Read more...]
Update on depreciating business assets
September 21, 2023 by Brett Aamot
The Tax Cuts and Jobs Act liberalized the rules for depreciating business assets. However, the amounts change every year due to inflation adjustments. And due … [Read more...]
