Thinking about S-corp status? Learn when it makes financial sense, the pros and cons, and requirements — plus how you can use a CPA to help you decide.
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Filing taxes in the year of death can be complex. Learn how to prepare a final Form 1040, estate Form 1041, and when to call in an expert.
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Understanding the tax obligations of your inheritance can help you make informed decisions about how to manage your inherited assets (and set you up for a much easier tax season).
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Thinking about becoming an independent contractor? One of your first considerations is probably taxes. And rightly so; the process of filing and paying taxes as an independent contractor is both different and moreRead More
If you’re a business owner, you know how complicated the finances can be! You work hard to keep track of daily expenses, pay your invoices promptly, and pay your employees. You try toRead More
When people invest in a CPA, they often want to know how to get the most value from the CPA’s services. What should they ask? What information should they provide? How involved shouldRead More
Many people are thinking about opening a franchise these days, and it’s easy to see why. Franchises are a smart business model that allows you to open your own business and be yourRead More
This past May, Governor Tim Walz signed a new bill that would entitle Minnesota’s workers to paid time off starting January 1, 2026, making Minnesota the 12th state in the nation to requireRead More
Adjustments to federal tax brackets, deductions, credits, and more are not new—they happen every year. This year’s changes are small and are largely related to inflation, but regardless it’s important to be informedRead More
This blog was originally published on January 25th, 2022 but has been updated on January 18th, 2023. Tax season is upon us, which means it’s time to start preparations for your 2022 taxRead More
