Automatic enrollment requirements for newly-established 401(k) and 403(b) plans?

As compliance regulations rapidly evolve, your organization could be at risk. Our compliance risk management consultation can help you identify gaps in your compliance framework, prepare for future regulatory changes, and build a sustainable strategy, allowing you to operate your business more efficiently.

The IRS is celebrating the 50th anniversary of the Earned Income Tax Credit (EITC) by launching an awareness campaign. The EITC has provided significant financial aid to low-to-moderate income working Americans since 1975.

The IRS updated FAQs on Energy Efficient Home Improvement Credit and Residential Clean Energy Property Credit, superseding previous versions.

Proposed Trump tariffs may raise consumer prices, affecting Minnesota's economy, businesses and households, particularly those reliant on imports from Canada, Mexico, and China.

2024 tax returns can be submitted starting today.

Schlenner Wenner & Co. is committed to giving back to our local communities. Our firm recently donated $50,000 to the Greater St Cloud Public Safety Foundation (GSCPSF) and is proud to be a part of their continued progress and expansions of their Community OutPosts.

Stay updated with our comprehensive review of the 2025 federal payroll tax changes.

Minnesota residents affected by severe storms and flooding in June of 2024 are reminded of upcoming deadline.

The Financial Crimes Enforcement Network (FinCEN) has issued an alert about fraudulent schemes exploiting the organization's name, insignia, and authority for financial gain.

With the 2024 tax season upon us, it's crucial to prepare ahead with accurate financial records, understand tax law changes, and maximize deductions and credits. Consult a tax professional for best results: ensure compliance, save time and start planning for 2025.

Employee Stock Ownership Plans (ESOPs) offer potential benefits including tax advantages and increased workforce engagement. However, they also present certain challenges like setup complexity and regulatory requirements. It's crucial to evaluate if an ESOP fits your business's structure, goals, and financial health.

The reinstated injunction on the Corporate Transparency Act (CTA) halts enforcement, but uncertainty remains. Learn what beneficial ownership information (BOI) your business needs to gather and why staying connected with your CPA is essential to navigating this shifting legal landscape.

Navigating the complexities of payroll taxes is a daunting task for small business owners, fraught with challenges like worker misclassification and ever-changing regulations. This article explores common pitfalls and offers actionable strategies to ensure compliance, protect your business from penalties, and maintain employee trust. Dive in to discover how you can streamline your payroll processes and focus on growing your enterprise.

Learn how to keep abreast of your tax payments and avoid rising underpayment penalties that can quickly snowball. Discover strategies that can help you dodge unnecessary costs.