Taxpayers claiming the federal Research and Development (R&D) credit on amended returns will get an extended break from new documentation requirements.
Extended Grace Period for Revised R&D Refund Claims
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Services
Tax Strategies for Real Estate Developers
Despite the positive outlook for sustainable real estate investments, the market is uncertain. Real estate is traditionally a hedge against inflation and provides steady income even during a recession.
Inflation Reduction Act Overview for Businesses
The Inflation Reduction Act was signed into law on August 16, 2022, and provides several new tax-saving opportunities that businesses and organizations need to consider.
Manufacturers: Importance of Buy-sell Agreements
Creating and operating a business usually starts with a great idea, capital investment by one or multiple owners, and hard work. While the main focus of an owner should be on day-to-day operations, there are always items that should be in the back of their mind for events down the road.
Retirement Plan Options for Professional Service Firms
The pandemic had a significant impact on Minnesota businesses. The combination of forced business closures, new employee safety standards along with supply chain disruptions and sharp increase in materials costs made it very difficult.
Important Estate Tax Portability Update Announced
If the federal estate tax exemption is cut approximately in half in 2026, as is currently scheduled, it may create significant issues for Minnesota taxpayers. The matter becomes especially challenging when one considers what may happen if the portability election is not made.