More than a million Americans live in nursing homes, according to various reports. If you have a parent entering one, you’re probably not thinking about taxes. … [Read more...]
Moving Mom or Dad into a nursing home? 5 potential tax implications
August 28, 2023 by Stacey Seviola
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...]
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...]
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...]
Summertime activities that might affect people’s tax return next year
July 18, 2023 by Thomas Stoeckman
For many people, summertime means change. Whether it's a life change like a marriage or a typical summer event – like sending the kids to camp – things people … [Read more...]
Direct Tax Rebate Payments
July 17, 2023 by Mitchell Erickson
The Minnesota Department of Revenue will send direct tax rebate payments for tax year 2021 to eligible Minnesotans after a recent tax law update. The … [Read more...]
