Earlier this month Minnesota Department of Revenue announced that the processing of returns impacted by tax law changes made to the treatment of ... Continue Reading
Archives for 2021
Eligible Businesses: Claim The Employee Retention Tax Credit
The Employee Retention Tax Credit (ERTC) is a valuable tax break that was extended and modified by the American Rescue Plan Act (ARPA), enacted in ... Continue Reading
SBA PPP Direct Forgiveness Portal has Opened
As of today, August 4, 2021, the Small Business Administration (SBA) has opened its SBA PPP Direct Forgiveness Portal. The portal will allow borrowers ... Continue Reading
There’s Currently a “Stepped-Up Basis” If You Inherit Property — But Will It Last??
If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for tax purposes. The current ... Continue Reading
IRS Audits May Be Increasing, So Be Prepared
The IRS just released its audit statistics for the 2020 fiscal year and fewer taxpayers had their returns examined as compared with prior years. But ... Continue Reading
Executive Order on Promoting Competition in the American Economy Summary
President Joe Biden today signed an executive order earlier today aimed at promoting competition and fairness throughout the economy. The order ... Continue Reading
