Frontline Worker Pay Eligibility and Application
To thank those Minnesotans who worked on the frontlines during the COVID-19 peacetime emergency, Gov. Tim Walz signed Frontline Worker Payments into law April 29, [...]
Fighting Fraud: A Review of the ACFE Report
The way businesses operate has changed drastically during the COVID pandemic. In many cases these changes are here to stay. With so many of us [...]
Employee Retention Credit Update
With the recent passing of the $1 trillion infrastructure bill, otherwise known as the Infrastructure Investment and Jobs Act (IIJA), there have been some changes [...]
Thinking of Starting a New Business? Let us Help.
For the past couple years, the focus has been on keeping businesses afloat as we deal with COVID-19, but now with the economy starting to [...]
Does your business have an Employer Identification Number?
In a recent news release, the Internal Revenue Service (IRS) has highlighted what it is calling a security issue related to the contact information it has on file for Employer Identification Numbers (EINs) that it has issued.
Rental Real Estate Potential Accounting Method Change
Rental Real Estate Potential Accounting Method Change The 2017 Tax Cuts and Jobs Act (TCJA) provided that residential real estate companies could make an election to not be subject to the interest expense limitation under Section 163(j) of the Internal Revenue Code.
COVID-19 Related Payroll Tax Credits
COVID-19 Related Payroll Tax Credits There have been a large number of payroll tax credits related to COVID-19 that have come from recent legislation, like the Families First Coronavirus Response Act (FFCRA), Taxpayer Certainty and Disaster Relief Act (TCDRA), Coronavirus Response and Relief Supplemental Appropriations Act (CRA), and the American Rescue Plan Act (ARPA).
Employee Retention Credit Now Available to Businesses that Took Out PPP Loans
With the new COVID-19 stimulus package enacted on December 27, 2020, there have been significant boosts made to the employee retention credit (ERC) that became [...]
Virtual Currency Activity? The IRS Wants to Know About it
Virtual currency: Is it an investment? Is it currency? Is it a side hustle? For a growing number of us, the answer matters. Included in [...]
