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New Year Update

Unfortunately we will not be taking new clients at this time. We are down one staff member and with all the recent tax changes we do not...

New Child Tax Credit

We have received many questions and concerns about the changes to the child tax credit (CTC), so here is a summary of the changes, how it...

Tax Season 2020 Updates

Much like everything else in 2020, taxes are going to be… interesting. Here are a few things you should know and be prepared for. 1....

COVID-19 Sick Pay Tax Credit

To all of our small or midsize employers (less than 500 employees), if you have paid sick or family leave related to the corona virus,...

MN Conforms to Fed Section 179

Good news for all of our business owners, farmers, and self-employed clients. Minnesota has finally adopted Federal section 179 rules. In...

PPP Loan Forgiveness

There is currently a lot of uncertainty around the forgiveness of the PPP Loan. Current laws make it that forgiveness of the loan is not...

Third Quarter Estimated Tax Payments

If you are set up to make estimated tax payments, the address to send 3rd and 4th quarter Federal estimates to is as follows: Internal...

STIMULUS PAYMENTS MADE TO DECEASED

An issue has arose for some of our clients, so we want to share these instructions for this unique situation. If you received a stimulus...

IMPORTANT: PPP LOAN UPDATE

Recent updates have shown that the SBA will be auditing recipients of the PPP Loan to verify the need of the funds. Those who received...

NON-FILERS STIMULUS PAYMENT

Individuals who were not required to file a tax return in 2018 or 2019 may be required to provide their information to the IRS in order...

CARES ACT - BUSINESSES

Loans: Economic Injury Disaster Loan (EIDL) The EIDL loan is a loan for up to $2 million for small businesses (fewer than 500 employees)...

CARES ACT - INDIVIDUALS

The IRS is issuing a tax rebate of $1,200 ($2,400 married filing joint) and an additional $500 per qualifying child. A qualifying child...

NEW HOURS AND PROCEDURES

We would like to take some time to reiterate how our office will be continuing with operations. Our hours are 9am-4pm Monday through...

OFFICE UPDATE 3/26/20:

With everything changing by what seems like the hour, we have some new updates for you and some important details about the tax deadline...

OFFICE UPDATE 3/23/20:

What a crazy couple of weeks! We are still working away on your tax returns and all other services we provide to you. To ensure we can...

New SECURE Act

With the new SECURE Act being passed in 2020, now is the time to re-evaluate your retirement strategy. See the link below for a good...