Julie Hanson recently returned to CDS as an Administrative Assistant in our Morris office. Prior to CDS, she worked in education for over 20 years. We're … [Read more...]
Segregation of Duties for Government Entities
January 9, 2025 by Justin McGraw
Segregation of duties is a type of preventive internal control that ensures an individual does not perform multiple duties in which committing and concealing … [Read more...]
Know When a Gift Tax Return is Required or Recommended
January 3, 2025 by Larry Stulen
Thanks to the annual gift tax exclusion, you can systematically reduce your taxable estate with little effort. And while you typically don’t have to file a gift … [Read more...]
Maximize your 401(k) in 2025: Smart strategies for a secure retirement
January 3, 2025 by David Corneil
Saving for retirement is a crucial financial goal and a 401(k) plan is one of the most effective tools for achieving it. If your employer offers a 401(k) or … [Read more...]
IRS Updates 2026 tax guidance for Paid Leave benefits
December 29, 2024 by Mitchell Erickson
On Friday, December 19th, the federal Internal Revenue Service (IRS) changed its guidance regarding federal tax treatment for state Paid Leave programs in 2026. … [Read more...]
How inflation will affect your 2024 and 2025 tax bills?
December 13, 2024 by Annette Benson
Inflation can have a significant impact on federal tax breaks. While recent inflation has come down since its peak in 2022, some tax amounts will still increase … [Read more...]
Social Security wage base is going up in 2025
November 13, 2024 by Lori Reich
As we approach 2025, changes are coming to the Social Security wage base. The Social Security Administration recently announced that the wage base for computing … [Read more...]
2025 cost-of-living adjustments: How do they affect your year-end tax planning?
November 13, 2024 by Jim Rudnick
The IRS has issued its 2025 inflation adjustment numbers for more than 60 tax provisions in Revenue Procedure 2024-40. Inflation has moderated somewhat this … [Read more...]
Watch Out for These Tax Myths
November 13, 2024 by Jon Hinderks
Many myths about the IRS and the tax code have been amplified online in recent years. Here are a couple examples to review. Myth #1: Retirement money is always … [Read more...]
Maximizing Your Savings: Home Energy and Electric Vehicle Tax Credits
November 12, 2024 by Mitchell Erickson
As we move into 2025, sustainability takes center stage, not only in our everyday lives but also in our financial planning. Two significant avenues for savings … [Read more...]
