MEMBER SPOTLIGHT Brenda Parsley, CPA, joined CDS in 2016 as a Staff Accountant. She graduated from Southwest Minnesota State University in Marshall, MN with … [Read more...]
SBA Accepting New EIDL Applications
June 16, 2020
The US Small Business Administration (SBA) has reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal to all eligible applicants. … [Read more...]
SBA Issues First Guidance for PPP Flexibility Act
June 12, 2020
Highlights of SBA Interim Final Rule (IFR) Guidance President Trump signed into law the Paycheck Protection Program Flexibility Act on June 5, 2020. On … [Read more...]
Paycheck Protection Flexibility Act
June 4, 2020
On June 3, the U.S. Senate unanimously passed the Paycheck Protection Flexibility Act and on June 5, President Trump signed the Act. The flexibility provisions … [Read more...]
Payroll/HR Update: Keeping Teens Safe at Work this Summer
June 3, 2020
Keeping teens safe at work this summer Summer break is nearly here for Minnesota teens and many may be looking for employment. Before hiring teens, employers … [Read more...]
PPP Loan Forgiveness Interim Final Rule
May 26, 2020
The Small Business Administration (SBA), in consultation with the Department of the Treasury, released the Paycheck Protection Program (PPP) Loan Forgiveness … [Read more...]
Employee Retention Credit for Employers
April 7, 2020
IRS website - Employee Retention Credit for Employers Subject to Closure Due to COVID-19 Crisis On its website, the IRS has provided guidance for taxpayers … [Read more...]
FAQs on Minnesota Unemployment Insurance (UI)
March 24, 2020
COVID-19 Resource This article was last updated March 23, 2020 at 3:00 pm. On March 16, 2020 Minnesota Governor Tim Walz issued an executive order to ensure … [Read more...]
SBA Loan Application Glossary of Business Financial Terms
March 24, 2020
This article was last updated 3-24-2020 at 9am. As of March 21, 2020, all small business owners in the U.S. are currently eligible to apply for a low … [Read more...]
Minnesota Wage and Hour Recordkeeping Requirements
March 3, 2020
Minnesota employers are required to keep certain records about each employee for three years. Read more below to stay compliant with Minnesota law. Records … [Read more...]
