On July 4, 2025, President Trump signed into law the bill knowns as the “One Big Beautiful Bill Act” (OBBBA). This legislation has significant tax consequences, many of which are effective for 2025. Key takeaways from the bill include: Extending and/or making...
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...
Once more, the season has arrived for businesses to strategize and organize their tax filing and payment strategies.
Gain valuable insights into how outsourced accounting can drive efficiency, reduce costs, and provide flexibility for growing businesses.
As businesses continue to navigate the complexities of payroll and tax compliance, staying informed about software updates is essential.
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...