September 21, 2021 - Pass-through entity tax allows an entity to pay taxes directly at the entity level on behalf of members, partners, and shareholders. Enacted in July of this year, it helps to circumvent the $10,000 Federal cap on state and...
August 17, 2021 - CFOs have always done more than crunch numbers to manage a companyโs budget and protect its financial assets. As companies emerge from the pandemic, they are looking to their CFO for guidance on โstrategy and the future.โ Forbes...
August 12, 2021 - Should you consider outsourced accounting services? Business owners make countless decisions every day, from the mundane to the momentous. Without complete, accurate, and timely financial information, you are potentially putting...
Editors Note: This blog was originally published in September 2019 and has been updated for accuracy. In todayโs evolving business environment, businesses rely on accounts payable for the important task of paying vendors for goods and services....
August 3, 2021 - Covid-19 relief has included a variety of programs, including the Paycheck Protection Program (PPP) loans, the Families First Coronavirus Relief Act (FFCRA), and the Employee Retention Credit (ERC). If youโve received some or all...
For tax year 2021 only, the IRS has modified the Child Tax Credit and will disburse an early payout of the credit equal to 50% of the amount a qualifying family would normally receive when they file their 2021 tax return. Disbursements began July...
July 13, 2021 - Earlier this year, the Consolidated Appropriations Act (CAA) 2021 introduced a temporary 100% deduction for expensing business meals purchased from qualifying restaurants after Dec. 31, 2020, and before Jan. 1, 2023. Under Notice...
July 8, 2021 - On July 1, 2021, Governor Walz signed a bevy of new bills into law, including both a $52B budget bill and a tax bill that benefits many Minnesota business and individual taxpayers. Below is a summary of some of the provisions in...
July 7, 2021 - CPAs produce reports that provide different levels of assurance regarding the information contained in the financial statements of their clients. The clientsโ lenders, investors, and shareholders (or other users of financial...
July 1, 2021 - Common sense tells us that every business needs to know how money is being spent in order to know if the business is truly profitable. Both efficiency and profitability matter to nonprofits as much as any business โ and properly...
