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...
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.
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.
Year-end is the time to finish out one year while planning for the next. As the end of 2021 approaches, we want to remind you of various payroll and Form 1099 related changes, as well as other items to consider when processing your year-end forms.