In normal times, getting an accurate valuation of a business or other asset can be challenging. There are multiple inputs that must be considered and a value derived based on various assumptions.
2023 Business Valuation Considerations
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Business
Midyear Tax Planning Essentials
How did tax season go? Summer is an excellent time to enact a new tax planning strategy.
State of Minnesota Tax Rebate Payments
On Wednesday, May 24 the State of MN enacted legislation that will provide direct tax rebate payments to taxpayers.
IRS Standard Mileage Rates for 2023
Buckle up – the standard mileage rates for deducting the costs of operating an automobile for business purposes have increased for 2023.
SECURE Act 2.0 – Provisions Impacting Employers
The SECURE Act 2.0 was signed into law by President Biden on December 29, 2022. Included as part of the Consolidated Appropriations Act of 2023, it provides additional retirement savings reforms designed to expand access to and increase participation in workplace retirement plans
IRS Announces Form 1099-K Reporting Relief
In the past, individuals and businesses would only receive a 1099-K form under certain circumstances. This includes when there were over 200 transactions or gross payments totaling more than $20,000 received through payment apps or credit card processors.