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Year-End Payroll & Reporting Guide
MANAGING YEAR-END PAYROLL & 1099 REPORTING FOR 2025 As year-end approaches, it is time to focus on wrapping up 2025 and gearing up for the new payroll year. There are certain payroll requirements you must complete. Use our end-of-year payroll checklist to complete...
Common Accounting Mistakes Small Business Owners Make
Preventing Accounting Errors IN your business Avoid financial missteps and strengthen your business foundation with smarter accounting practices. Running a small business requires wearing many hats from managing operations and leading a team to handling customer...
Minnesota Paid Family Medical Leave (PFML): Employers with Employees Across State Lines
While this law is specific to Minnesota, it may still affect employers who have remote workers or branches in the state a complex but increasingly common scenario in today’s hybrid and remote workforce.
Minnesota Paid Family & Medical Leave (PFML): Reduced Rates for Small Employers Starting in 2026
In this installment on the upcoming MN Paid Family and Medical Leave Act, which goes into effect in January 2026, we’d like to discuss the small business assistance option in the law.
Minnesota Paid Family & Medical Leave (PFML): What Employers Need to Know About Taxes
Minnesota’s Paid Family & Medical Leave (PFML) program is bringing significant changes for employers and employees alike. At Smith Schafer, we are committed to helping Minnesota businesses stay informed and prepared. This article is part of our ongoing series on...
The OBBBA: Key Changes to Charitable Contribution Deductions
The One Big Beautiful Bill Act (OBBBA) introduces three major changes to charitable contribution deductions beginning with the 2026 tax year. Taxpayers should be aware of these updates as they plan future giving strategies.