Calculating corporate estimated tax

The next quarterly estimated tax payment deadline is June 15 for individuals and businesses so it’s a good time to review the rules for computing corporate … [Read more...]

Help when needed: Apply the research credit against payroll taxes

Here’s an interesting option if your small company or start-up business is planning to claim the research tax credit. Subject to limits, you can elect to apply … [Read more...]

How to Keep Your Tax Returns Safe from Ghosts

Taxpayers, beware! "Ghost" tax preparers are particularly active this time of year. These bad actors refuse to sign tax returns they've prepared because they … [Read more...]

American Rescue Plan December 2021 Updates: for Non-Entitlement Units (NEU)

When will Non-Entitlement Units (NEUs) receive a second disbursement? NEU’s had until October 11, 2021 to request funds from the State of Minnesota. The … [Read more...]

The Power of Storytelling

Remind your sales team about the power of storytelling Everyone loves a story. It’s why movies are still big business and many of us spend hours on the couch … [Read more...]

Don’t forget to factor 2022 cost-of-living adjustments into your year-end tax planning

The IRS recently issued its 2022 cost-of-living adjustments for more than 60 tax provisions. With inflation up significantly this year, mainly due to the … [Read more...]

Status update on MN tax law changes implementation

Minnesota tax code changes were signed into law on July 1, 2021. Among the changes were those relating to Unemployment Insurance (UI) compensation, Paycheck … [Read more...]

Social Security Announces 2022 Adjustments

165+ million people work and pay Social Security taxes each year. Average retirement benefits starting January 2022 have changed. All workers in 2022 have … [Read more...]

Minnesota Main Street COVID Relief Grants

This program will make available $10,000 - $25,000 grants to Minnesotan owned and operated businesses that can demonstrate financial hardship as a result of the … [Read more...]

Save Back-to-school Shopping Receipts: Valuable MN K-12 Tax Benefits for Those Qualifying

The Minnesota Department of Revenue released this news release on August 4. With a new school year on the horizon, parents and caregivers are reminded to … [Read more...]