We get it – it’s a difficult and complicated time to be a small business owner. Experts claim we’re not in a recession, though the public feels differently. Inflation remains an ever-present challenge. New governmental regulations, like the new Minnesota ESST law, always arise to provide challenges. Staffing continues to be difficult. And, more than ever, sustainable growth and success can be tricky to achieve. How can your company navigate the new normal we find ourselves in? Christianson PLLP recommends that small businesses consider bundling financial services. In this challenging landscape, the efficiency, convenience, and cost cannot be underestimated. Here are a few areas to consider: Seamless Payroll Processing: Small Read More...
Archives for January 2024
This Week In Tax – 1/10/2024
We have the most recent headlines and updates on tax developments for businesses, individuals, and the renewable fuel sector. This is a valuable resource to stay informed and ahead of the curve. Taxpayers have one year left to gift up to $13.61M without paying taxes. Come 2026 that amount drops to $5M per individual. 12/29/23: MN released their child tax credits and phaseout ($35,000 MFJ, $29,500 Others): 1 Child: $925 2 Children: $2,100 3 or more: $2,500 12/26/23: MN released their Nonresident filing Requirements: Gross Income over $13,825 File a federal joint return with spouse residing in MN MI & ND residents can exclude MN wages when determining gross income in MN Quarterly estimates required Read More...
Christianson PLLP Expands Footprint with Two New Partners
NEWS RELEASE For Immediate Release January 8, 2024 Contact: Cece Roeder Christianson PLLP 320.441.5512 [email protected] Christianson PLLP Expands Footprint with Two New Partners Jamey Cline and Chelsey Mueller give firm a wider regional and national presence Willmar, Minn – Continuing growth that began in 1987, Christianson PLLP announced today that Chelsey Mueller and Jamey Cline have been added to the partner group. “The Partners are excited to bring on Chelsey and Jamey to build on existing commitments to the Paynesville community, along with close partnerships within renewable fuel and agricultural industries” said Joel Gratz, Managing Partner. Jamey Cline has been the Business Development Director at Read More...
Ask the Experts- 2024 Preparation
Ask The Experts Segment Recorded on January 5, 2024 Joel Gratz, Managing Partner and CPA, and Finance Manager, Jamie Gades, joined Bill on KWLM during the “Ask the Experts” segment. This month the topic of discussion was providing business owners with recommendations for going into 2024 prepared. Gratz and Gades touch on several topics including: closing out your 2023 books, properly recording expenses, W2 and 1099 reporting, payroll updates, and budgeting. Listen Here! Read More...
What to Bring to Your Tax Appointment
Capitalizing on your Tax Return At Christianson, we want to ensure our clients are receiving the most from their tax returns. We’ve compiled a list of the items you may want to consider toting along to your next visit with your CPA. This list may not entirely represent all of the items you will have to bring as some exclusions/inclusions may need to be considered under unique circumstances. Using a New CPA Meeting with a new CPA may be intimidating and oftentimes leads to a little discomfort in the sense that your other CPA already had the information they needed last year to complete your taxes. Fear not, making the switch only requires a couple of extra items: Your Social Security number Your spouse’s Social Security number (if Read More...
