If you’re self-employed, you probably have questions about deducting business expenses on your federal income tax return. Here’s a quick overview of the filing … [Read more...]
The “kiddie tax” can apply long after childhood
June 9, 2026 by Mitchell Erickson
Many parents don’t know that the so-called “kiddie tax” exists. Others assume it affects only minor children. But it also can apply to full-time students … [Read more...]
How to prepare for a difficult termination meeting?
June 3, 2026 by Nicholle Peterson
Question: We expect an upcoming termination meeting to be more emotional than usual. How should we prepare? Answered by the HR Experts Termination meetings … [Read more...]
Is that activity just a hobby or a business?
June 2, 2026 by Jim Rudnick
Many people have hobbies - things they enjoy doing in their spare time - and some even make a little extra money from them. However, there’s a difference … [Read more...]
Should you make after-tax, non-Roth 401(k) contributions?
June 2, 2026 by Jennifer Solem
If you participate in a company 401(k) plan, you already know that you can make pre-tax contributions up to the annual elective deferral limit to a traditional, … [Read more...]
What your industry might say about preventing fraud
June 1, 2026 by Kari Steinbeisser
Research by the Association of Certified Fraud Examiners (ACFE) and others has consistently found that some industries suffer higher fraud losses than others. … [Read more...]
Beware of potential tax issues when selling self-created intangibles
June 1, 2026 by Mitchell Erickson
Many modern businesses rely on intangible assets, such as goodwill, trademarks and customer lists. But the IRS doesn’t treat all intangibles the same way. … [Read more...]
Minnesota bill extends Pass-Through Entity (PTE) tax through the 2027 tax year
May 28, 2026 by Jeff Rislov
Last updated: 5-27-26 The Minnesota Department of Revenue is reviewing the tax bill that was passed by the Minnesota Legislature and recently signed into law … [Read more...]
Self-employed? Don’t overlook a Roth IRA
May 26, 2026 by Jim Rudnick
Some small business owners overlook Roth IRAs because they assume their income is too high for them to qualify to make Roth contributions. Others may think … [Read more...]
Advance Payments Welcome Letter and the Child Tax Credit
May 20, 2026 by Mitchell Erickson
Welcome Letter from the Minnesota Department of Revenue – What You Need to Know The Minnesota Department of Revenue will be sending a welcome letter to you if … [Read more...]
