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FinCEN BOI Reporting Reinstated
On December 23 , 2024 , The Fifth Circuit Court of Appeals issued a stay on the district court’s nationwide injunction against the...
Erin Bishop, Accountant
Dec 26, 20241 min read
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New Renter's Credit
In response to recent legislation, the Renter's Property Tax Refund is ending. Renters will instead claim the Renter's Credit on their...
Erik J. Olson, CPA
Dec 6, 20241 min read
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New Year Update
Unfortunately we will not be taking new clients at this time. We are down one staff member and with all the recent tax changes we do not...
Erik J. Olson, CPA
Jan 14, 20221 min read
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New Child Tax Credit
We have received many questions and concerns about the changes to the child tax credit (CTC), so here is a summary of the changes, how it...
Jim Nardello CPA
Jun 25, 20212 min read
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Tax Season 2020 Updates
Much like everything else in 2020, taxes are going to be… interesting. Here are a few things you should know and be prepared for. 1....
Jim Nardello CPA
Jan 13, 20212 min read
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COVID-19 Sick Pay Tax Credit
To all of our small or midsize employers (less than 500 employees), if you have paid sick or family leave related to the corona virus,...
Jim Nardello CPA
Nov 10, 20202 min read
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MN Conforms to Fed Section 179
Good news for all of our business owners, farmers, and self-employed clients. Minnesota has finally adopted Federal section 179 rules. In...
Jim Nardello CPA
Oct 16, 20201 min read
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PPP Loan Forgiveness
There is currently a lot of uncertainty around the forgiveness of the PPP Loan. Current laws make it that forgiveness of the loan is not...
Jim Nardello CPA
Sep 25, 20202 min read
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Third Quarter Estimated Tax Payments
If you are set up to make estimated tax payments, the address to send 3rd and 4th quarter Federal estimates to is as follows: Internal...
Jim Nardello CPA
Sep 8, 20201 min read
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STIMULUS PAYMENTS MADE TO DECEASED
An issue has arose for some of our clients, so we want to share these instructions for this unique situation. If you received a stimulus...
Jim Nardello CPA
May 7, 20202 min read
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IMPORTANT: PPP LOAN UPDATE
Recent updates have shown that the SBA will be auditing recipients of the PPP Loan to verify the need of the funds. Those who received...
Jim Nardello CPA
May 4, 20203 min read
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NON-FILERS STIMULUS PAYMENT
Individuals who were not required to file a tax return in 2018 or 2019 may be required to provide their information to the IRS in order...
Jim Nardello CPA
Apr 13, 20202 min read
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CARES ACT - BUSINESSES
Loans: Economic Injury Disaster Loan (EIDL) The EIDL loan is a loan for up to $2 million for small businesses (fewer than 500 employees)...
Jim Nardello CPA
Apr 3, 20203 min read
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CARES ACT - INDIVIDUALS
The IRS is issuing a tax rebate of $1,200 ($2,400 married filing joint) and an additional $500 per qualifying child. A qualifying child...
Jim Nardello CPA
Apr 3, 20202 min read
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NEW HOURS AND PROCEDURES
We would like to take some time to reiterate how our office will be continuing with operations. Our hours are 9am-4pm Monday through...
Jim Nardello CPA
Mar 26, 20201 min read
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OFFICE UPDATE 3/26/20:
With everything changing by what seems like the hour, we have some new updates for you and some important details about the tax deadline...
Jim Nardello CPA
Mar 26, 20202 min read
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OFFICE UPDATE 3/23/20:
What a crazy couple of weeks! We are still working away on your tax returns and all other services we provide to you. To ensure we can...
Jim Nardello CPA
Mar 23, 20201 min read
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New SECURE Act
With the new SECURE Act being passed in 2020, now is the time to re-evaluate your retirement strategy. See the link below for a good...
Jim Nardello CPA
Jan 8, 20201 min read
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