By Chris Bertz, CPA, MBT The IRS requires individuals who earn income that is not subject to withholding, such as earnings from sole proprietors, partnerships and S-corps, interest, dividends, rents, and alimony, to pay quarterly estimated tax payments, also known as “estimates.” If these payments are on your to-do list, here are a few things […]
States Respond to Supreme Court Sales Tax Decision
By Todd J. Koch, CPA, MBT, CFP® Since the decision in the South Dakota v. Wayfair case, states are continuing to determine their position. Many states already had economic laws in place and others introduced hard to understand requirements which includes noncompliance penalties. There are several different factors states are considering and it is important […]
5 Signs It’s Time to Break Up With Your Bank
By Kyla Hansen, CPA Your bank should be an asset, never a hindrance. If yours is holding you back, don’t feel trapped—consider shopping around. Here are five signs it could be time to say goodbye. Your loan covenants are too restrictive. When a business fails its covenant, nine out of 10 times the bank will […]
Could You Benefit From a W-2 Checkup?
By Jason J. Loven, CPA, CCIFP® With tax season behind us, it’s safe to say our minds are on summery pleasures like vacations, Twins games, and lakes. But now is also a good time to think back to your 2016 tax return: Were you surprised at the size of your refund, or by how much […]
What Could the R&D Tax Credit Do For You?
By John Ammann, CPA You may have heard about the research and development (R&D) tax credit. After all, it’s been around for quite some time. But with the “Protecting Americans from Tax Hikes Act of 2015” (i.e., the PATH Act) now in place, it’s a good idea to learn more about this potentially game-changing benefit, […]