Do you believe you don’t need to worry about estate planning because of the current federal estate tax exemption ($13.99 million per individual or $27.98 … [Read more...]
Planning a summer business trip? Turn travel into tax deductions
June 2, 2025 by Jennifer Solem
If you or your employees are heading out of town for business this summer, it’s important to understand what travel expenses can be deducted under current tax … [Read more...]
Is your construction business built on fraud?
June 2, 2025 by Annette Benson
It’s the height of the construction season in most parts of the country and your business probably wants to make the most of it. But rising costs, worker … [Read more...]
What is an individual development plan?
May 28, 2025 by Nicholle Peterson
An individual development plan (IDP) is a structured professional development plan created to support an employee’s growth within an organization. The employee … [Read more...]
What taxpayers should do if they get mail from the IRS
May 27, 2025 by Carolyn Halverson
IRS sends notices and letters when it needs to ask a question about a taxpayer’s federal tax return, let them know about a change to their account or request a … [Read more...]
Digital assets and taxes: What you need to know
May 27, 2025 by Annette Benson
As the use of digital assets like cryptocurrencies continues to grow, so does the IRS’s scrutiny of how taxpayers report these transactions on their federal … [Read more...]
The IRS recently announced 2026 amounts for Health Savings Accounts
May 27, 2025 by Jen Burnett
The IRS recently released the 2026 inflation-adjusted amounts for Health Savings Accounts (HSAs). Employees will be able to save a modest amount more in their … [Read more...]
Taxation of Social Security Benefits
May 27, 2025 by Jeff Rislov
Taxation of Social Security Benefits: Income Thresholds and the Impact of Additional Income As you approach retirement, or if you are already drawing Social … [Read more...]
Hiring independent contractors? Make sure you’re doing it right
May 20, 2025 by Lori Reich
Many businesses turn to independent contractors to help manage costs, especially during times of staffing shortages and inflation. If you’re among them, … [Read more...]
How working in the gig economy affects your taxes
May 20, 2025 by Jennifer Solem
The gig economy offers flexibility, autonomy and a way to earn income, but it also comes with tax obligations that can catch many workers off guard. Whether … [Read more...]
