Employee health coverage is a significant part of many companies’ benefits packages. However, the administrative responsibilities that accompany offering health … [Read more...]
What are the duties of an executor?
October 10, 2024 by Stacey Seviola
A key decision you must make when drafting your estate plan is who to appoint as the executor. In a nutshell, an executor (called a “personal representative” in … [Read more...]
Make year-end tax planning moves before it’s too late!
October 9, 2024 by Thomas Stoeckman
With the arrival of fall, it’s an ideal time to begin implementing strategies that could reduce your tax burden for both this year and next. One of the first … [Read more...]
Minnesota Paid Leave Deadline Approaching
September 15, 2024 by Lori Reich
Paid Leave is a new program launching for Minnesotans in 2026. It provides paid time off when a serious health condition prevents a worker from working, when … [Read more...]
6 tax-free income opportunities
September 10, 2024 by Mitch Hjelle
Believe it or not, there are ways to collect tax-free income and gains. Here are some of the best opportunities to put money in your pocket without current … [Read more...]
Minnesota Tightens Regulations on Independent Contractor Classification
September 3, 2024 by Deb Ritter
In a significant development for businesses and workers alike, Minnesota is intensifying efforts to ensure proper classification of independent contractors. The … [Read more...]
Major Shift in Tip Credit Rule: What Employers Need to Know
September 3, 2024 by Sierra Stephens
On August 23, 2024, the Fifth Circuit Court of Appeals made a landmark decision by vacating the Department of Labor’s (DOL) “80/20/30” tip credit rule. This … [Read more...]
The tax implications of disability income benefits
August 12, 2024 by Annette Benson
Many Americans receive disability income. Are you one of them, or will you soon be? If so, you may ask: Is the income taxed and if it is, how? It depends on the … [Read more...]
Closing a business involves a number of tax responsibilities
August 9, 2024 by Mitchell Erickson
While many facets of the economy have improved this year, the rising cost of living and other economic factors have caused many businesses to close their doors. … [Read more...]
IRS issues final regulations on inherited IRAs
August 9, 2024 by Jeff Rislov
The IRS has finalized regulations for the "10-year rule" regarding required minimum distributions (RMDs) from inherited IRAs and defined contribution plans. … [Read more...]
