The Minnesota House of Representatives has passed the paid Family and Medical Leave bill, HF2, which aims to create a state-run insurance program offering up to 18 weeks of paid leave for workers each year. The program, which is set to start on July 1, 2025, is designed to help self-employed or gig workers who could opt into the program.
The Nonprofit SEAT Act would strengthen the relationship between the nonprofit sector and the federal government, providing nonprofits a seat at the table of federal policymaking.
The report showed a marked increase in long-term inflation expectations for the next five to 10 years, rising to 3.2% from 3.0% to reach the highest level since 2011.
April's increase in the consumer price index was in line with RSM's forecast of a 4.9% gain and the consensus estimate of 5%, and will most likely support the doves at the Federal Reserve who want to pause interest rate increases.
If your employees travel for work purposes, it’s important to understand the various methods of tracking and substantiating travel expenses so that you can maintain accurate records, control costs, and take advantage of potential tax benefits. Watch this video to learn about business travel expenses, per diem allowances, and how they affect employees and employers.
If you’re a beginning farmer in Minnesota, don’t miss out on the valuable financial incentives offered by the Minnesota Beginning Farmer Tax Credit program. This program facilitates the transfer of farmland, equipment, and other assets to new farmers while also providing annual state tax credits for landlords and sellers. Read on to learn more about the application process and funding approach.
A revocable living trust, or RLT, offers many benefits, including probate avoidance, privacy, and flexibility in managing assets during one’s life, incapacity, and death. However, despite their popularity as an estate planning tool, there are many misconceptions surrounding revocable trusts that lead to confusion and misunderstandings. Watch this video to learn about the top six misconceptions.
The 25 basis-point increase was accompanied by changes in the Federal Open Market Committee’s statement that imply a possible pause at the Fed’s next meeting in June with a bias toward more tightening should inflation prove sticky.
Signs point to increasing credit risk in commercial real estate loan portfolios, as recent skittishness around lending has compounded existing concerns.
