The IRS has issued new guidance providing transitional relief related to recent legislative changes to the age at which taxpayers must begin taking required … [Read more...]
How secure is your accounts receivable department?
July 18, 2023 by Annette Benson
Asset misappropriation schemes make up more than half of all occupational fraud schemes, according to the Association of Certified Fraud Examiners. It’s a broad … [Read more...]
Summertime activities that might affect people’s tax return next year
July 18, 2023 by Thomas Stoeckman
For many people, summertime means change. Whether it's a life change like a marriage or a typical summer event – like sending the kids to camp – things people … [Read more...]
Direct Tax Rebate Payments
July 17, 2023 by Mitchell Erickson
The Minnesota Department of Revenue will send direct tax rebate payments for tax year 2021 to eligible Minnesotans after a recent tax law update. The … [Read more...]
Minimize fraud risk when operating abroad
June 22, 2023 by Annette Benson
Expanding operations into foreign countries can help U.S. businesses reduce labor and operating costs. It can also provide them with access to new markets and … [Read more...]
2023 Minnesota Tax Law Updates
June 22, 2023 by Jeff Rislov
The 2023 legislative session resulted in a number of changes to Minnesota's tax code, including some that affect previous tax years. At this time, you should … [Read more...]
Tax record retention: Your guide to keeping tax documents
June 14, 2023
Once you file your 2022 tax return, you may wonder how long you should store tax returns, statements, and supporting documents. Tax record retention periods … [Read more...]
What’s in the Fiscal Responsibility Act?
June 7, 2023 by Brett Aamot
President Biden has signed into law the new debt ceiling agreement that he reached with U.S. House of Representatives Speaker Kevin McCarthy (R-CA). The Fiscal … [Read more...]
Traveling for business this summer? Here’s what you can deduct
June 7, 2023 by Jim Rudnick
If you and your employees are traveling for business this summer, there are a number of considerations to keep in mind. Under tax law, in order to claim … [Read more...]
Use the tax code to make business losses less painful
June 7, 2023 by Jeff Rislov
Whether you’re operating a new company or an established business, losses can happen. The federal tax code may help soften the blow by allowing businesses to … [Read more...]
