Smith Schafer

Understanding Minnesota’s New Paid Leave Law

Understanding Minnesota’s New Paid Leave Law

This article marks the beginning of Smith Schafer’s informative series on Minnesota’s new Paid Leave Law, which takes effect January 1, 2026.  The purpose of MN Paid Leave is to provide short-term assistance for family and medical leave; it will be paid directly by...

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Ways Outsourced Accounting Can Benefit Your Business

Ways Outsourced Accounting Can Benefit Your Business

In recent years, business owners have faced higher expectations regarding financial transparency and government compliance. Many businesses struggle to juggle the day-to-day responsibilities alongside more complicated tasks such as accounting, compliance, finance, and risk management.

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Updated: BOI suspended (again)

Updated: BOI suspended (again)

On December 26, 2024, a Fifth Circuit panel reinstated a nationwide injunction blocking the enforcement of the Corporate Transparency Act (CTA), just three days after they lifted the injunction originally imposed by a Texas district court. As a result, the...

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BOI Reporting Reinstated: January 13, 2025 Deadline

BOI Reporting Reinstated: January 13, 2025 Deadline

On December 23rd, the Fifth Circuit Court of Appeals granted a DOJ motion to lift an injunction put in place by a Texas district court. With the injunction lifted, BOI filing is due on January 13th, 2025 for most filers. As a result of this ruling, the previous...

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