Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2021. Keep in mind...

Are you eligible to take the deduction for qualified business income (QBI)? Here are 10 facts about this valuable tax break, referred to...

Perhaps you operate your small business as a sole proprietorship and want to form a limited liability company (LLC) to protect your...

If you have a parent entering a nursing home, you may not be thinking about taxes. But there are a number of possible tax implications....

Most business owners would likely agree that strategic planning is important. Yet many companies rarely engage in active measures to...

If you’re claiming deductions for business meals or auto expenses, expect the IRS to closely review them. In some cases, taxpayers have...

No matter the size or shape of a business, one really can’t overstate the importance of sound accounts receivable policies and...

Eligible parents will soon begin receiving payments from the federal government. The IRS announced that the 2021 advance child tax credit...

On July 1, 2021, Minnesota tax code changes were signed into law. There were several changes signed into law but the most notable were...

Updated as of March 26, 2020 On April 1, 2020 The Family First Coronavirus Act (HR 6201) will go into effect (date change per DOL...

Updated as of March 23, 2020 As the spread of COVID-19 continues, more states will become eligible for disaster assistance by the US...

Updated as of March 17, 2020 Minnesota Department of Revenue has extended the Sales and Use Tax Payment deadline by 30 days for...

Updated as of March 23rd, 2020 The IRS and the Treasury Department has issued guidance (Notice 2020-18) postponing the tax filing due...

Updated as of March 17, 2020 At JMSC, the health and safety of our clients and employees is our top priority. We are monitoring the...