Category: Tax Services
Form 5500 is used to meet the annual reporting requirements for employer sponsored retirement plans. On February 23, 2023, the Department of Labor (DOL) released details on changes to the 2023 Form 5500. Possibly the most significant change to the form involves how participants are counted for determining which retirement...
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We are excited to offer SafeSend Organizers to many of our clients as a secure online organizer option. The client-friendly interface walks you through a guided process that includes signing your engagement letter and completing an online version of your traditional organizer. You can easily upload supporting documents in the...
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When a disaster strikes and your loved ones are all safe and sound, your thoughts turn to what is left to pick up from the rubble. As we have seen an uptick in forest fires, hurricanes, tropical storms and other natural disasters, what are your remedies and a way forward? ...
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The last several years have been a whirlwind of tax law changes at the Federal and state levels. The following is an update targeting business owners and financial professionals that are not following the day-to-day changes in the tax code. Important Dates There are many important dates for tax filings...
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This past summer, Minnesota enacted a new passthrough entity (PTE) tax for years beginning after December 31, 2020. This entity-level tax is considered a workaround for the federal $10,000 state and local tax deduction limitation (SALT limitation) imposed on individuals who itemize deductions on their personal income tax returns. Many...
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