The U.S. Environmental Protection Agency’s (EPA) Quality Assurance Plan (QAP) is currently a voluntary program for most regulated parties where independent third parties verify the validity of RINs by auditing the production of renewable fuel and the generation of Renewable Identification Numbers (RINs) on a quarterly basis. This QAP provides an affirmative defense for the transfer or use of invalid RINs that had been verified under an approved QAP, while also defining the conditions when RINs must be replaced and a process for who will replace the RINs. Christianson remains one of only three approved domestic QAP providers and our team has been following the latest potential changes to the RFS program as well as new and evolving Read More...
CLA Global Welcomes New Alliance Member In United States
Christianson PLLP provides attestation, tax, accounting and advisory services across a range of industries. Willmar, Minn. and London, April 17, 2024 —CLA Global Limited (CLA Global), a leading global organization comprised of independent accounting and advisory firms, announced that Christianson PLLP joined as an alliance member of CLA Global in the United States. Christianson PLLP provides audit, tax and outsourcing services across a range of industries including agriculture, renewable energy and natural resources, financial services, real estate and construction and technology. Headquartered in Willmar, Minnesota, Christianson PLLP has six offices and more than 80 staff members. Joel Gratz, Managing Partner of Christianson PLLP, Read More...
What is BOI Reporting?
How BOI Reporting will impact your business and what your next steps could be We have been closely monitoring updates regarding The Corporate Transparency Act (CTA). There are recent crucial developments that businesses should be aware of. Christianson has compiled a list of our most frequently asked questions and what’s required to maintain compliance. What is CTA? CTA is a 2021 bill that looked to combat illicit financial activities. This legislation aims to curb money laundering through shell companies by creating transparency of owners as it relates to national security. This introduces Beneficial Ownership Information (BOI) Reporting. What is (BOI) Reporting? BOI reporting mandates businesses to disclose information Read More...
Details on Proposed LCFS Amendments
The California Air Resources Board (CARB) recently released proposed amendments to the Low Carbon Fuel Standard (LCFS), a program which has been a key part of California’s transportation decarbonization strategy. The key concepts addressed in this update, designed to strengthen the LCFS program, include increasing the stringency of the program to more aggressively decarbonize fuels, strengthening guardrails on crop-based fuels, supporting electric and hydrogen truck refueling and incentivizing more production of clean fuels needed in the future. In addition to these key concepts, the regulation also made a number of other changes, highlighted below: Increasing the stringency of the program to more aggressively decarbonize Read More...
The Power of Bundling Financial Services for Small Businesses
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...
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...
This Week In Tax – 12/20/2023
Renewable Fuels, Individual Tax, and Business Tax Tax laws and regulations are subject to change. Information presented here reflects our current understanding at time of post. For additional information and inquiries, please contact us. We are available to provide assistance! Developments in Renewable Fuels 12/15/2023: Sustainable Aviation Fuel (SAF) guidance was issued. This is a $1.25 / gal credit for SAF produced, sold, and used in the US through December 31, 2024. Developments in Individual Tax IRS will resume collection notices from tax years 2020 and on beginning January 2023. Although these were previously paused due to the backlog of paper returns, interest and penalties continued to accrue. Some relief Read More...
This Week In Tax – 12/6/2023
Renewable Fuels, Individual Tax, and Business Tax Tax laws and regulations are subject to change. Information presented here reflects our current understanding at time of post. For additional information and inquiries, please contact us. We are available to provide assistance! Developments in Renewable Fuels SB Energy Global is first solar company to achieve the domestic content bonus of the ITC, by sourcing all it’s components from US based suppliers. Flex Fuel Fairness Act was introduced in the Senate November 29, 2023. This is in response to the EPA’s tailpipe standards applicable for model year vehicles 2027 – 2032, which assume zero-emissions for EV vehicles ignoring their manufacturing components. Flex Fuel Vehicles (FFVs) Read More...
This Week In Tax – 11/29/2023
Renewable Fuels, Individual Tax, and Business Tax Tax laws and regulations are subject to change. Information presented here reflects our current understanding at time of post. For additional information and inquiries, please contact us. We are available to provide assistance! Developments in Renewable Fuels MN Sustainable Aviation Fuel Credit (SAF) guidance was released on November 22, 2023. The credit is $1.50 per gallon of SAF -- available for fuel sold and used between June 30, 2024, and July 1, 2030. To qualify, the fuel must be produced or blended in Minnesota and used as fuel in an aircraft departing from a Minnesota airport. The taxpayer claiming the credit must be the producer or blender of the fuel. According to the Read More...
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