Blog

Private companies face significant challenges in applying U.S. generally accepted accounting principles (GAAP) to their financial statements due to the complex accounting and disclosure requirements that have been introduced over the past decade. Many of these were implemented in response to the high profile accounting scandals that occurred during that timeframe...

Is your company using QuickBooks? Is QuickBooks serving your needs in the most effective way?  This article from Accounting Today can help you decide if QuickBooks is right for you.

Minnesota Governor Mark Dayton signed an Omnibus Tax Bill (HF 677) into law on May 23, 2013 that creates a new Minnesota Gift Tax and makes major changes to the Minnesota Estate Tax. As of 2012, Minnesota was one of only 16 states and the District of Columbia to impose an...

A 401k audit may sound complicated and intimidating. As new requirements are introduced, 401k audit standards continue to get more complex, but with an experienced group of CPAs at the right firm, the audit does not need to be a difficult process. 401k audits are required by the Department of...

With all the Federal and Minnesota tax law changes, now is a good time to revisit your planning and avoid year-end surprises.  Here is an overview of some of the changes for 2013: Net Investment Income Tax (also known as the Medicare contribution tax):   We have heard about this tax...