October 16, 2020 - In a special session on Oct. 15, the Minnesota State Legislature approved $208 million in tax relief by conforming to federal rules related to Section 179 expensing. Minnesota will now allow up to $1 million in annual Section...
St. Paul, Minnesota (October 5, 2020) โ Certified public accounting firm Redpath and Company, Ltd. (Redpath) has hired Jonathan Fortin, J.D., as director of the estate, gift, and trust tax service area, and Joe Hellman, CPA, as director of the ...
August 31, 2020 - On Friday, August 28, the IRS issued guidance on President Trumpโs executive order allowing for the deferral of payroll taxes on wages paid after September 1. While the guidance clarifies some items, unanswered questions remain.
August 28, 2020 - On Monday, August 24, the Small Business Administration (SBA) and Treasury issued additional guidance, in the form of an interim final rule. The new guidance provides a de-minimis rule for the owner-employee compensation...
UPDATED: August 25, 2020 - The IRS has temporarily suspended the issuance of notices CP501, CP503, and CP504 to taxpayers who may have a balance due on their taxes, as a delay between taxes being paid and recognized has created some confusion...
August 18, 2020 - Whether you're growing, restructuring, cleaning house, or just want to know your options, one of the most valuable things you can do when looking for a new construction CPA is to be curious.
August 11, 2020 โ On August 8, 2020, President Trump issued an executive order that allows employees to defer payroll taxes in light of the ongoing COVID-19 pandemic. The executive order directs the Secretary of the Treasury, Steve Mnuchin, to...
August 7, 2020 - On August 4, the Small Business Administration (SBA) released additional FAQs on Paycheck Protection Program (PPP) loans. They include information applicable to business owners, independent contractors, self-employed individuals,...
July 7, 2020 - Sustainable growth is one of the best things that can happen to a construction company, but it comes with its own set of challenges. You'll probably need to change your pricing and pay structure, distribution, logistics, and set...
June 24, 2020 - Following the extensive law changes under the Families First Coronavirus Response Act (FFCRA) and the Coronavirus Aid, Relief, and Economic Security Act (CARES), many employers implemented payroll changes and adjustments to...
