If you’re age 50 or older, you can probably make extra “catch-up” contributions to your tax-favored retirement account(s). It is worth the trouble? Yes! Here … [Read more...]
Pocket a tax break for making energy-efficient home improvements
August 28, 2023 by Thomas Stoeckman
An estimated 190 million Americans have recently been under heat advisory alerts, according to the National Weather Service. That may have spurred you to think … [Read more...]
Receive more than $10,000 in cash at your business? Here’s what you must do
August 28, 2023 by Jim Rudnick
Does your business receive large amounts of cash or cash equivalents? If so, you’re generally required to report these transactions to the IRS — and not just on … [Read more...]
Fresh fraud schemes for small businesses to watch for
August 28, 2023 by Annette Benson
When it comes to fraud, it may seem there’s nothing new under the sun. Unfortunately, fraud perpetrators are always finding novel ways to swindle businesses. … [Read more...]
Protecting your business while using AI
August 28, 2023 by Annette Benson
Have you ever wondered whether the photo or video you’re viewing, the audio you’re listening to or the article you’re reading is real? Artificial intelligence … [Read more...]
Things for extension filers to keep in mind
August 24, 2023 by Mitchell Erickson
Many people requested an extension to file their tax return after the usual April deadline. These filers have until October 16, 2023, to complete and file their … [Read more...]
Planning ahead for 2024: Should your 401(k) help employees with emergencies?
August 24, 2023 by Jeff Rislov
The SECURE 2.0 law, which was enacted last year, contains wide-ranging changes to retirement plans. One provision in the law is that eligible employers will … [Read more...]
IRS provides transitional relief for RMDs and inherited IRAs
August 24, 2023 by David Corneil
The IRS has issued new guidance providing transitional relief related to recent legislative changes to the age at which taxpayers must begin taking required … [Read more...]
Riley Cronen Earns CPA Designation
August 10, 2023
Riley Cronen recently earned his Certified Public Accountant (CPA) designation from the Minnesota State Board of Accountancy. He joined CDS in 2022 as a Staff … [Read more...]
How secure is your accounts receivable department?
July 18, 2023 by Annette Benson
Asset misappropriation schemes make up more than half of all occupational fraud schemes, according to the Association of Certified Fraud Examiners. It’s a broad … [Read more...]
