Tax planning considers multiple factors, not only continually planning and paying attention to your financial situation throughout each year to help keep taxes … [Read more...]
IRS extends relief for inherited IRAs
April 25, 2024
For the third consecutive year, the IRS has published guidance that offers some relief to taxpayers covered by the “10-year rule” for required minimum … [Read more...]
Retail Delivery Fee
April 25, 2024
Starting July 1, 2024, there will be a Retail Delivery Fee of $0.50 that applies to certain transactions involving retail delivery in Minnesota. The fee … [Read more...]
Gov. Walz Urges Small Businesses to Apply for Assistance
March 25, 2024
As Minnesota continues to face record-high winter temperatures, Governor Tim Walz recently announced that Minnesota has unlocked federal funding for small … [Read more...]
Charity scams: A small business perspective
March 25, 2024
Many businesses support their communities by donating to local charities. Although there are plenty of nonprofits that deserve your support, some exist solely … [Read more...]
What are your options to fund long-term care expenses?
March 25, 2024
Few things can derail your estate plan as quickly as unanticipated long-term care (LTC) expenses. Most people will need some form of LTC — such as a nursing … [Read more...]
Common Missing Tax Return Items
March 25, 2024
Want your tax return filed quickly and without error? Then double-check this list of items that are often overlooked. These missing items often cause delays in … [Read more...]
Coordinating Sec. 179 tax deductions with bonus depreciation
March 25, 2024
Your business should generally maximize current year depreciation write-offs for newly acquired assets. Two federal tax breaks can be a big help in achieving … [Read more...]
CDS has successful review by Peers
February 27, 2024
Conway, Deuth & Schmiesing, PLLP (CDS) announced today that it has successfully completed a rigorous peer review of its accounting and auditing practice. … [Read more...]
What’s the best accounting method route for business tax purposes?
February 22, 2024
Businesses basically have two accounting methods to figure their taxable income: cash and accrual. Many businesses have a choice of which method to use for tax … [Read more...]
