Starting January 1, 2024, new federal reporting requirements will mandate many U.S. companies to report their beneficial ownership information to the Financial Crimes Enforcement Network. This article provides crucial details about who needs to report, how to report, and the deadline for submissions. Beware of third-party companies offering fee-based services for these free filings.

What you need to know about 2024 QuickBooks Software Subscriptions

Stay ahead with our end-of-year tax update for 2023, providing the latest IRS news and strategic moves you need to know. Discover key information to help you navigate your taxes efficiently and effectively.

Starting in 2024, tax credits for electric vehicles could be transferred to dealers, reducing the vehicle's purchase price. The proposal aims to expand EV adoption by offering immediate financial benefits and broadening the pool of eligible consumers.

As more companies embrace remote work, employers need to be aware of the various rules and regulations that can apply to remote employees. The implications of remote work crossing state lines can be complex and, if not properly managed, may create significant administrative burdens or legal problems for employers. Learn about key considerations for managing remote workers across state lines.

2023 Tax Law Changes

Discover the benefits of Health Savings Accounts (HSAs) and how they can help you save on taxes while covering your medical expenses. Learn about the increased contribution limits for 2024 and maximize the potential rewards of this often-underutilized healthcare savings tool.

Protect your nonprofit organization from financial crises with these expert tips for board members and directors. Discover the warning signs of financial mismanagement and how to prevent them.

Minnesota Governor Tim Walz has signed legislation for a paid family and medical leave program, providing financial security for families during major life events.

The Minnesota House of Representatives has passed the paid Family and Medical Leave bill, HF2, which aims to create a state-run insurance program offering up to 18 weeks of paid leave for workers each year. The program, which is set to start on July 1, 2025, is designed to help self-employed or gig workers who could opt into the program. 

If you’re a beginning farmer in Minnesota, don’t miss out on the valuable financial incentives offered by the Minnesota Beginning Farmer Tax Credit program. This program facilitates the transfer of farmland, equipment, and other assets to new farmers while also providing annual state tax credits for landlords and sellers. Read on to learn more about the application process and funding approach.

An employee benefit plan audit is a periodic and independent examination of a company’s benefit plans that are subject to ERISA. If your company currently offers or plans to offer an employee benefit plan, read this article to learn about audit requirements.

Buy-sell agreements are an essential tool for businesses with more than one owner. This type of agreement defines what will happen to the departing owner's share of the business if they leave. Learn about the benefits, key components, and important considerations of a buy-sell agreement for your business.

The end of the year is fast approaching, and with it comes the opportunity to reassess your tax and financial circumstances. Learn about strategies to help minimize your taxes for 2022.

In March 2022, the IRS identified 11,096 suspicious returns claiming more than $2 trillion in Employee Retention Tax Credits. The full extent of the fraud has yet to be ascertained and the IRS is taking focus on the problem.