Hiring household help, such as nannies or housekeepers, brings convenience but also labels you as an employer with specific tax duties. This guide will walk you through your responsibilities, from classifying workers correctly to navigating Social Security and unemployment taxes, ensuring a compliant and rewarding experience for both you and your employees.

The interim final rule from FinCEN, released March 21, 2025, removes the obligation for U.S. companies and individuals to report Beneficial Ownership Information (BOI), now making this a requirement only for foreign entities.

Schlenner Wenner & Co. harnesses AI technology to enhance efficiency in tax preparation and auditing processes allowing more time for client consulting and advising.

Marriage status impacts tax filing and financial planning significantly, necessitating the guidance of an experienced accountant for effective management.

The Department of Government Efficiency's (DOGE) request for access to sensitive IRS taxpayer data raises serious privacy concerns.

With potential delays in tax refunds this year, there's an emphasize on checking your refund status online.

As the 2025 tax season unfolds, the IRS, dealing with mass layoffs and a hiring freeze, expects some delays in refunds. Despite a reduced workforce, refunds are still being issued, although the process may be slower, particularly for those not utilizing direct deposit.

Protect yourself by reading these important tax scams articles.

The Treasury Department has suspended the CTA filing requirement for U.S. businesses, signaling a major shift in compliance obligations. While the rule may still face legal challenges, domestic companies are no longer required to report beneficial ownership information—at least for now.

Partner Jon Archer recently attended the Annual CPA Day at the Capitol in St Paul to discuss how legislation may affect central Minnesotans.

Options are available offering free tax filing services and allowing you to save money while fulfilling your financial responsibilities accurately and on time.

Mandatory BOI Reporting back in effect with a March 21 deadline

Get up-to-date information on the recent changes/updates to MN Sales and Use Tax

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.