Category: Copeland Buhl
May 1, 2020 by Staff
In order to provide support to businesses impacted by COVID-19, Hennepin County implemented the Small Business Relief Program which was “designed to help small local businesses meet immediate financial needs.” This program provides emergency forgivable loans up to $7,500 to pay for critical operating expenses, such as: Utilities Rent/Mortgage payments...
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On June 21, 2018, the US Supreme Court issued a decision in South Dakota v. Wayfair overturning the physical presence requirement commonly applied to determine sales tax nexus and opening the door for economic nexus. What that means is the federal government will allow each state to determine whether a...
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April 12, 2019 by Staff
Multi-channel retail continues to be a rapidly growing sector in today’s business landscape, with brands of all sizes across a wide range of industries looking to take their offerings online. More and more companies are adding ecommerce capabilities to their repertoire, and those that have yet to do so are...
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April 4, 2019 by Staff
CPA firms who participate in the AICPA Peer Review Program are subject to Peer Review by an outside CPA firm every three years. Participation in this program allows CPA firms to enhance their quality control policies and procedures, and to determine how their firm measures up to other firms and...
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March 11, 2019 by Staff
There is a buzz around Sales Tax due to last summer’s Wayfair Supreme Court decision. This decision changed a long-standing rule requiring a physical presence in a state before a business had to collect sales tax. Physical presence in no longer a requirement. States are taking advantage of this change...
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