The One Big Beautiful Bill Act, passed by Congress and signed into law, provides significant tax relief for small businesses. Learn how to leverage these new policies for maximum benefits.
Navigating the complexities of 401(k) plans can be daunting for small and midsize businesses. Discover how the safe harbor 401(k) offers a simplified solution by easing administrative burdens while fostering employee financial well-being. Explore the advantages, key components, and strategic considerations to determine if it's the right fit for your business.
The IRS has resources for individuals who missed the April 2025 tax filing deadline. These include online payment options and short-term or long-term payment plans. Despite penalties for late payment, taxpayers are encouraged to file and pay as much as they can immediately.
Smart borrowing can fuel growth—or quietly erode your business's profitability if not managed with precision. This article explores how to size loans appropriately, avoid costly missteps, and align financing with your overall strategy.
The No Tax on Tips Act could potentially reduce the administrative burden on employers, particularly in the restaurant industry, by eliminating federal income taxes on tips. However, employers will still need to accurately track and report all tipped income for payroll and tax purposes.
In Minnesota, severance pay is not mandated by law but may be negotiated between employer and employee. It is taxable and should be reported as wages on an employee's income tax return. For more specifics, read below and/or consult our offices.
The Social Security Administration introduces secure digital access to Social Security numbers, offering a modern, secure alternative to traditional physical SSN cards.
Secure your business EIN to prevent identity theft and fraud. Implement robust digital safeguards, monitor credit reports, limit access, and follow legal guidelines.
Are you a restaurateur or beverage business owner in Minnesota? Are you aware of the taxability of food and food ingredients? Get expert guidance on Minnesota's tax laws and improve your business's compliance today.
Accountants are vital for wind and solar businesses as they navigate complex tax credits and adapt to evolving tax laws, ensuring maximum benefits and compliance while supporting sustainable energy investment strategies.
New tariffs could significantly impact U.S. manufacturers, affecting cost structures and revenue streams. With FASB standards in mind, audit accountants can help navigate these financial uncertainties and regulatory complexities.
Economic upheaval doesn’t just bring challenges - it opens the door for businesses that are willing to adapt. Now is the time to rethink your operations and uncover new opportunities for growth.
