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...]
Erica Melbie joins CDS
January 3, 2025
Erica Melbie recently joined CDS as a Payroll Specialist in our Willmar office. Prior to CDS, she worked in human resources, payroll, and benefits … [Read more...]
Kelly O’Farrell earns Certified Business Exit Consultant® Designation
December 12, 2024
Partner, Kelly O'Farrell, CPA, CVA has recently earned the Certified Business Exit Consultant® Designation from the International Exit Planning Association … [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...]
Maximize your year-end giving with gifts that offer tax benefits
November 11, 2024 by Stacey Seviola
As the end of the year approaches, many people start to think about their finances and tax strategies. One effective way to reduce potential estate taxes and … [Read more...]
