Starting in 2026, companies in Minnesota with 5 or more employees MUST offer a qualified retirement plan. If they don’t offer their own plan, they must join the … [Read more...]
No tax on car loan interest under the new law? Not exactly
August 13, 2025 by Mitchell Erickson
Under current federal income tax rules, so-called personal interest expense generally can’t be deducted. One big exception is qualified residence interest or … [Read more...]
A tax guide to choosing the right business entity
August 13, 2025 by Jeff Rislov
One of the most critical decisions entrepreneurs make when starting or restructuring a business is choosing the right entity type. This choice directly impacts … [Read more...]
How to interview employees about possible fraud
August 13, 2025 by Annette Benson
If you or your managers suspect fraud is occurring in your organization, you can’t afford to wait to act. According to the Association of Certified Fraud … [Read more...]
Act soon: The OBBBA ends clean energy tax breaks
August 5, 2025 by Jeff Rislov
The newly enacted One, Big, Beautiful Bill Act (OBBBA) represents a major move by President Trump and congressional Republicans to roll back a number of clean … [Read more...]
The new law includes a game-changer for business payment reporting
August 4, 2025 by Mitchell Erickson
The One, Big Beautiful Bill Act (OBBBA) contains a major overhaul to an IRS requirement. Beginning with payments made in 2026, the new law raises the threshold … [Read more...]
Should We Have Employees Complete an Accident Report for a Minor Injury?
July 30, 2025 by Nicholle Peterson
Question: One of our employees cut their hand on the edge of a broken filing cabinet at work. We asked if they wanted medical treatment, but they declined. … [Read more...]
What taxpayers need to know about the IRS ending paper checks
July 29, 2025 by Heather Lehr
The federal government has announced a major change that will affect how numerous Americans receive their tax refunds and federal benefit payments. The U.S. … [Read more...]
What you still need to know about the alternative minimum tax after the new law
July 29, 2025 by Jeff Rislov
The alternative minimum tax (AMT) is a separate federal income tax system that bears some resemblance to the regular federal income tax system. The difference … [Read more...]
The new OBBBA law includes favorable changes for depreciating eligible assets
July 28, 2025 by Jim Rudnick
The One Big Beautiful Bill Act (OBBBA) includes a number of beneficial changes that will help small business taxpayers. Perhaps the biggest and best changes are … [Read more...]
