Videos and Articles

IRS Issues Reminder:  Minnesota disaster-area taxpayers with extensions have upcoming deadline in 2025

IRS Issues Reminder: Minnesota disaster-area taxpayers with extensions have upcoming deadline in 2025

Minnesota residents affected by severe storms and flooding in June of 2024 are reminded of upcoming deadline.
FinCEN Issues Warning Against Fraud Schemes Exploiting Its Name and Authority for Financial Gain

FinCEN Issues Warning Against Fraud Schemes Exploiting Its Name and Authority for Financial Gain

The Financial Crimes Enforcement Network (FinCEN) has issued an alert about fraudulent schemes exploiting the organization's name, insignia, and authority for financial gain.
Navigating the 2024 Tax Season: A Guide for Businesses

Navigating the 2024 Tax Season: A Guide for Businesses

With the 2024 tax season upon us, it's crucial to prepare ahead with accurate financial records, understand tax law changes, and maximize deductions and credits. Consult a tax professional for best results: ensure compliance, save time and start planning for 2025.
ESOPs: A Win-Win Solution for Business Succession Planning

ESOPs: A Win-Win Solution for Business Succession Planning

Employee Stock Ownership Plans (ESOPs) offer potential benefits including tax advantages and increased workforce engagement. However, they also present certain challenges like setup complexity and regulatory requirements. It's crucial to evaluate if an ESOP fits your business's structure, goals, and financial health.
Strengthen Your Financial Plan: A 6-Step Checklist

Strengthen Your Financial Plan: A 6-Step Checklist

Find out how to stay financially prepared for any situation with six essential steps, from building an emergency fund to estate, tax, and investment planning.
Streamline 1099 Reporting: Tips for a Smooth Filing Season

Streamline 1099 Reporting: Tips for a Smooth Filing Season

Confused about who needs a 1099 and which form applies? You’re not alone. This quick guide cuts through the chaos so you can handle your 1099s with confidence.
CTA injunction reinstated: Continuing uncertainty

CTA injunction reinstated: Continuing uncertainty

The reinstated injunction on the Corporate Transparency Act (CTA) halts enforcement, but uncertainty remains. Learn what beneficial ownership information (BOI) your business needs to gather and why staying connected with your CPA is essential to navigating this shifting legal landscape.
Don’t let payroll taxes derail your business

Don’t let payroll taxes derail your business

Navigating the complexities of payroll taxes is a daunting task for small business owners, fraught with challenges like worker misclassification and ever-changing regulations. This article explores common pitfalls and offers actionable strategies to ensure compliance, protect your business from penalties, and maintain employee trust. Dive in to discover how you can streamline your payroll processes and focus on growing your enterprise.
Avoid underpayment penalties: make a payment by January 15th

Avoid underpayment penalties: make a payment by January 15th

Learn how to keep abreast of your tax payments and avoid rising underpayment penalties that can quickly snowball. Discover strategies that can help you dodge unnecessary costs.
Mastering Nonprofit Audit Preparation for 2025: Key Strategies and Insights

Mastering Nonprofit Audit Preparation for 2025: Key Strategies and Insights

Preparing for a nonprofit audit in 2025 involves understanding new standards, economic impacts, and adopting best practices for compliance and transparency.
IRS announces 2025 mileage rates

IRS announces 2025 mileage rates

Navigating the complexities of standard mileage rates for different purposes can be challenging. Here is an overview of the 2025 rates for business, charity, medical and military moves.
BOI reporting requirements reinstated

BOI reporting requirements reinstated

The Corporate Transparency Act, designed to prevent financial crimes, is back in effect after the lifting of an injunction. This article outlines recent developments and provides updated deadlines for Beneficial Ownership Reporting to help businesses stay compliant.
Federal Court Temporarily Suspends Beneficial Ownership Information Reporting

Federal Court Temporarily Suspends Beneficial Ownership Information Reporting

A federal court has temporarily halted the enforcement of beneficial ownership information (BOI) reporting requirements. While businesses can still voluntarily submit BOI reports, they will not be liable for non-compliance during this period. It's recommended to stay informed, as the legal landscape is continually evolving.
Safeguard your personal information while shopping online

Safeguard your personal information while shopping online

Don't let cybercriminals ruin your holiday season. Here's some advice on safeguarding your personal information during the busiest online shopping period of the year.
Expand Your Client Base with Referral and Partner Programs

Expand Your Client Base with Referral and Partner Programs

Grow your client base through trust and collaboration. Referral, partner, and affiliate programs offer efficient ways to attract high-quality leads by leveraging relationships and shared networks. Explore how these strategies can help you expand your reach, reduce costs, and build lasting client relationships.