10/27/2020: The $1.36 billion bonding and tax bill signed by Gov Walz on October 21st includes full section 179 expensing conformity to the federal tax law as well as a provision to retroactively fix tax increases for like-kind exchanges in tax years 2018 and 2019. The Tax Cuts and Jobs Act (TCJA) signed into law… Continue Reading
Taxes
Charitable Contributions as Tax Deductions
It’s almost tax time, which means our experts will be releasing information more frequently in an effort to make tax time easier for you. This time around, we want you to be aware of the potential tax deductions as it relates to charitable contributions. Taxpayers who donate to charity should check out the resources below… Continue Reading
There’s a New Employer Tax Credit for Paid Family and Medical Leave
There’s a New Employer Tax Credit for Paid Family and Medical Leave Available for 2018 and 2019. The IRS announced today that they have published detailed guidance regarding the new Employer Credit for Paid Family and Medical Leave for tax years 2018 and 2019 enacted by the 2017 Tax Cuts and Jobs Act. Eligible employers… Continue Reading
