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FTC Rule on Fake Reviews

November 25, 2024

The Federal Trade Commission has implemented new rules to crack down on fake reviews, aiming to restore consumer trust and promote fairness in the online marketplace. These regulations target deceptive practices like fabricated reviews, bought endorsements, and undisclosed conflicts of interest.

Smart Year-End Tax Moves for Businesses

November 21, 2024

Year-end tax moves can help small business owners face crucial tax planning decisions that can impact their financial health. This article offers strategic insights to optimize your tax position before ringing in the new year.

Year-End Tax Strategies for Individuals

November 21, 2024

As December 31 approaches, it's time to look at year-end tax strategies for individuals. You need to assess current tax situation, understand deductions, maximize retirement contributions and manage investment gains.

IRS Releases Inflation Adjustments for 2025

November 20, 2024

The IRS has announced significant inflation adjustments for the 2025 tax year, impacting standard deductions, income tax brackets, and various tax credits. Discover how the updates could affect your tax strategy and financial future.

Understanding Taxes on Real Estate Gains

November 6, 2024

If you’re the owner of a pass-through entity, the federal income tax rules for gains from the sale of business real estate or vacant land may be more complicated than you thought.

Does Your Business Need to Report Employee Health Coverage

November 1, 2024

One crucial aspect of offering employee health coverage is understanding the reporting requirements of federal agencies such as the IRS. Does your business have to comply, and if so, what must you do?

2025 401(k) Limit Increases

November 1, 2024

The IRS announced the 2025 401(k) limit increases and issued technical guidance on cost of living adjustments. Read more the see how these increases could affect you.

MN Renter Property Tax Refund Changes

November 1, 2024

New MN renter property tax refund changes affect both renters and property owners/managers/landlords, and involve changes to submission of Certificate of Rent Paid and how renters receive payment of the credit.

What is Your Manufacturing Company’s Worth?

October 30, 2024

A business valuation professional can provide an objective estimate of your manufacturing company’s worth. This can be beneficial not only if you’re selling your business but also if you’re seeking financing, drafting a buy-sell agreement or estate planning.

Is an IRS Audit in Your Future?

October 29, 2024

Many IRS audits are routine. However, taking a meticulous, proactive approach to tracking, documenting and filing your company’s tax-related information will make an audit more manageable if your business is selected.

Year-End Tax Planning Strategies for Manufacturers

October 24, 2024

As the year draws to a close, it’s generally manufacturers’ last chance to implement year-end tax planning strategies to reduce their 2024 tax liability. Making time right now could prove to be very beneficial in the upcoming tax season.

Check Your Tax Withholding

October 23, 2024

Year-end is fast approaching, and for high-income earners and gig workers, it's the perfect time to review your tax withholding. This article will explain why this check is crucial and how it could potentially help you avoid a hefty tax bill.

2025 Social Security Wage Base Increase

October 22, 2024

The 2025 Social Security wage base increase was recently announced by the Social Security Administration. The threshold will increase to $176,100, up from $168,600 in 2024.

Tax Year 2025 Inflation Adjustments

October 22, 2024

The Internal Revenue Service announced the annual inflation adjustments for tax year 2025, that will impact taxpayers when they file their returns in 2026.

Workers’ Comp and UI for Manufacturers

October 21, 2024

Many states require employers to maintain workers' comp and UI insurance. Managing these costs is crucial for manufacturers to preserve financial stability.