The Employee Retention Tax Credit (ERTC) was introduced back when COVID-19 temporarily closed many businesses. The credit provided cash that helped enable … [Read more...]
If you gave to charity in 2023, check to see that you have substantiation
February 1, 2024
Did you donate to charity last year? Acknowledgment letters from the charities you gave to may have already shown up in your mailbox. But if you don’t receive … [Read more...]
Minnesota Employment Law Updates for January 1
January 4, 2024 by Nicholle Peterson
Minnesota’s legislature had a busy year, with special attention paid to the state’s employment laws. All of the new laws below took effect on January 1, 2024, … [Read more...]
Businesses: Do you have to comply with the new corporate transparency reporting rules?
December 28, 2023 by Jeff Rislov
Beginning on January 1, 2024, under the Corporate Transparency Act (CTA), enacted in 2021, certain companies will be required to provide information related to … [Read more...]
Where should you keep your estate planning documents?
December 28, 2023 by Stacey Seviola
You’ve likely put a great deal of time, effort and expense into implementing an estate plan that meets your goals. But unless your loved ones know that these … [Read more...]
The standard business mileage rate will be going up slightly in 2024
December 28, 2023 by Thomas Stoeckman
The optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will be going up by 1.5 cents per mile in 2024. … [Read more...]
Tips for a Smooth Tax Season
December 28, 2023 by Mitchell Erickson
With tax season officially underway, here are tips to make filing your return as stress-free as possible: Gather your tax information for filing Items you'll … [Read more...]
Fraud prevention strategies for entrepreneurs and small businesses
December 19, 2023 by Annette Benson
Fraud occurs in companies of every size. But small businesses, especially new ones, have special risks because they generally can’t invest in expensive … [Read more...]
2024 Q1 tax calendar: Key deadlines for businesses and other employers
December 18, 2023 by Mitchell Erickson
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2024. Keep in mind that this list isn’t … [Read more...]
IRS delays new reporting rule for online payment processors
December 1, 2023 by Larry Stulen
For the second consecutive year, the IRS has postponed implementation of a new rule that would have led to an estimated 44 million taxpayers receiving tax forms … [Read more...]
