Category: Copeland Buhl
Much of the talk about estate taxes these days centers on whether the incoming Trump Administration will extend the high federal exemption ($13.99 million for 2025), which is currently scheduled to sunset at the end of 2025 to its pre-2018 baseline of roughly $7 million. Thanks to the portability election,...
Read More
On December 12, 2024, President Biden signed the Federal Disaster Tax Relief Act of 2023 into law, bringing good news to taxpayers who have suffered losses due to natural disasters. Here’s what you need to know about these changes and how they could impact your tax filings. Changes to Disaster...
Read More
It’s inevitable. Sooner or later, you will part ways with this business. The one you’ve poured your heart and soul into — maybe even built from the ground up. When looking ahead to what’s next, you might have more questions than answers. What’s the best business exit strategy? Who will...
Read More
As we approach January 2025, a significant change is coming to Minnesota’s retail landscape. In May 2024, Governor Tim Walz signed a bill eliminating so-called “junk fees” from transactions. This legislation marks a vital step toward greater consumer pricing transparency and has important implications for businesses. Here’s what you need...
Read More
As the saying goes, “Make hay while the sun shines,” and 2024 promises to be about as sunny as it gets from a tax perspective. As the sun begins to set on 2024, let’s look at just a few of the many opportunities for business owners to do some year-end...
Read More