QuickBooks plans to stop selling several versions to new U.S. subscribers. The deadline to purchase new subscriptions of the listed products has been extended … [Read more...]
New MN Earned Sick and Safe Time (ESST) Law Changes
June 12, 2024 by Lori Reich
The earned sick and safe time (ESST) law was recently updated to clarify who qualifies for ESST, the rate at which ESST must be paid, ESST application to other … [Read more...]
Federal regulators expand overtime pay requirements, ban most noncompete agreements
June 11, 2024 by Lori Reich
The U.S. Department of Labor (DOL) has issued a new final rule regarding the salary threshold for determining whether employees are exempt from federal overtime … [Read more...]
Inflation enhances the 2025 amounts for Health Savings Accounts
June 10, 2024 by Nicholle Peterson
The IRS recently released guidance providing the 2025 inflation-adjusted amounts for Health Savings Accounts (HSAs). These amounts are adjusted each year, based … [Read more...]
Tax breaks for caring for an elderly relative
June 6, 2024 by Thomas Stoeckman
There are many rewards for taking care of an elderly relative. They may include feeling needed, making a difference in the person’s life and allowing the person … [Read more...]
Income and Deductions Strategies for Businesses
June 6, 2024 by Mitchell Erickson
Businesses usually want to delay recognition of taxable income into future years and accelerate deductions into the current year. But when is it wise to do the … [Read more...]
Tax Planning – When you need it and how to start
June 6, 2024 by Tonya Raths
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...]
