business tax

Does the Employee Retention Credit Apply to your Firm?

Reading Time: 2 minute The Employee Retention Credit (ERC), introduced with the CARES Act, is a way for professional service firms to recoup wages paid to employees. Does your firm qualify?
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Minnesota Legislature Passes Federal Conformity Bill

Reading Time: 1 minute   MN Passes Tax Bill In their special session ending on June 30, 2021, the Minnesota legislature passed a federal tax conformity bill. Highlights of the bill are summarized below.
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2021 Tax Deadline Calendar

Reading Time: minute Note: The deadline for filing individual income tax returns was extended to May 17, 2021. It does not affect estimated quarterly tax payments that are still due on April 15, 2021.
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Employee Retention Credit FAQs

Reading Time: 2 minute What Is the Employee Retention Credit & How to Claim It For 2021 The employee retention credit (ERC) was first introduced with the CARES Act in 2020, and subsequent tax bills have made the credit...
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Advantages & Disadvantages of S Corporations

Reading Time: 3 minute Whether you are setting up a new company or you have been in business for years, you need to evaluate which legal structure is best for your enterprise. No one option is best for every type of...
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R&D Tax Credit for Manufacturing Companies

Reading Time: 4 minute In general, manufacturing companies are great candidates for the various tax credits the Internal Revenue Service (IRS) offers. One of the most popular is the Research and Development (R&D) Tax...
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What are the Pros and Cons of Roth IRAs?

Reading Time: 3 minute Learn about the Pros and Cons of Roth IRAs Saving for retirement is important, and the sooner you start planning, the better. Even though Roth IRAs have been around for more than a decade, many...
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Year-end Financial Planning for Business Owners

Reading Time: 2 minute It is that time of the year again to start planning for the end of the year. As the person responsible for your company’s financial management, there are many year-end tasks that you need to oversee....
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