IRC Section 179 permits “expensing,” or first-year tax deduction, of outlays for business equipment that otherwise would be recovered through depreciation over many years.
Year-End Planning: Business Tax
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Business
Impact of the Proposed Partnership Audit Regime
The IRS recently released new proposed regulations designed to significantly change the rule under which an audit of a partnership can occur.
Are You Aware of the Minnesota Sales Tax Changes Effective October 1st?
There are upcoming changes to the Transit Improvement Area Sales and Use Tax, as well as rate changes for other jurisdictions.
What is your Company Worth?
What makes your company valuable?
Minnesota Tax Relief Bill
Minnesota recently passed legislation that provides nearly $650 million in tax relief.
Mandatory Timely Remittances to Qualified Retirement Plans
The Department of Labor (DOL) requires employee remittances to qualified plans to be made as soon as administratively feasible.