Tax and Accounting Blogs

The IRS has refreshed its Tax Withholding Estimator for the 2025 year. With the 2025 Act (formerly OBBB) in effect, the old rules for your paycheck no longer apply. If you want to avoid an April surprise or an interest-free loan to the government, it’s time to recalibrate your withholding. What’s changing under the 2025 […]

Minnesota’s 2026 Paid Leave Rules Minnesota’s Paid Family and Medical Leave program is now in effect, and employers should confirm their reporting and payroll processes are fully in place for 2026. Although benefits for employees began on January 1, 2026, many of the administrative requirements were phased in earlier so the state and employers could […]

Don’t Let Reimbursements Become Taxable Wages Tools for a Secure Retirement As we edge closer to the end of the year, it’s time to pivot our focus towards securing a financially stable future. Have you considered how establishing or updating your retirement plan could significantly impact your financial well-being and tax situation? Our Tax Deductions […]

OBBBA’s New 1099 Rules for 2026 Includes Higher Thresholds and Less Filing for Businesses Filing tax forms is never fun, but it’s important to stay ahead of changes that can reduce your reporting burden.If your business pays independent contractors (non-employees) for services, you are required to file IRS Form 1099-NEC if total payments exceed a […]

Complete your 2025 Tax Checklist The electronic filing season begins on Monday, January 27, 2026, and the individual tax filing deadline for 2025 taxes is April 15, 2026. Below is everything you need to know to get your personal and business tax returns organized and submitted on time. What We Need for Individual Tax Returns Tax […]

OBBBA New Significant Tax Legislation We are writing to inform you about the significant new tax legislation (the Act) signed into law July 4, 2025 (formally known as One Big Beautiful Bill or, informally, the OBBB). The Act includes numerous changes affecting individual taxation. Navigating these changes can be complex, and their impact on your […]

OBBBA’s New 1099 Filing Rules Filing tax forms is never fun, but it’s important to stay ahead of changes that can reduce your reporting burden.If your business pays independent contractors (non-employees) for services, you are required to file IRS Form 1099-NEC if total payments exceed a specific threshold. For decades, this threshold has been $600 […]

OBBBA New Significant Tax Legislation We are writing to inform you about the significant new tax legislation (the Act) signed into law July 4, 2025 (formally known as One Big Beautiful Bill or, informally, the OBBB). The Act includes numerous changes affecting individual taxation. Navigating these changes can be complex, and their impact on your […]

OBBBA New Significant Tax Legislation This will be a 3-part blog post highlighting the changes in the OBBBA, how they affect you, and our observations about them. Reduce Income Tax Rates The Act makes the lower individual income tax rates and wider tax brackets introduced by the Tax Cuts and Jobs Act “TCJA” permanent, preventing […]

The Secret Weapon for Small Business Success: Building Your Own Board   Running a small business can feel overwhelming and isolating. You juggle endless responsibilities, make tough decisions, and often shoulder the weight of success (or setbacks) alone. But what if you didn’t have to? What if you could tap into a secret weapon that […]