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Erik J. Olson, CPA
6 days ago1 min read
New Renter's Credit
In response to recent legislation, the Renter's Property Tax Refund is ending. Renters will instead claim the Renter's Credit on their...
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Erik J. Olson, CPA
Jan 14, 20221 min read
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...
83 views0 comments
Jim Nardello CPA
Jun 25, 20212 min read
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...
72 views0 comments
Jim Nardello CPA
Jan 13, 20212 min read
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....
62 views0 comments
Jim Nardello CPA
Nov 10, 20202 min read
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,...
26 views0 comments
Jim Nardello CPA
Oct 16, 20201 min read
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...
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Jim Nardello CPA
Sep 25, 20202 min read
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...
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Jim Nardello CPA
Sep 8, 20201 min read
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...
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Jim Nardello CPA
May 7, 20202 min read
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...
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Jim Nardello CPA
May 4, 20203 min read
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...
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Jim Nardello CPA
Apr 13, 20202 min read
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...
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Jim Nardello CPA
Apr 3, 20203 min read
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)...
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Jim Nardello CPA
Apr 3, 20202 min read
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...
27 views0 comments
Jim Nardello CPA
Mar 26, 20201 min read
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...
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Jim Nardello CPA
Mar 26, 20202 min read
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...
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Jim Nardello CPA
Mar 23, 20201 min read
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...
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Jim Nardello CPA
Jan 8, 20201 min read
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...
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