New Reporting Rules for Nonprofits

BY SIBI THOMAS The new Financial Accounting Standards Board standards for nonprofits that were released […]

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Tax Strategy: Deferred Comp

BY GEORGE G. JONES AND MARK A. LUSCOMBE In June 2016, the Internal Revenue Service […]

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Who Qualifies as a Resident of Minnesota?

The Minnesota Department of Revenue (MDR), in Income Tax Fact Sheet 1, Residency, breaks down […]

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New Overtime Rules Go into Effect on December 1, 2016

The FLSA ensures minimum wage and overtime pay protections for most employees covered by the […]

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FASB Changes Revenue Recognition Standard

First published in Account Today on May 11 2016 The Financial Accounting Standards Board has released […]

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IRS Provides Relief for Work Opportunity Tax Credit

As seen in Accounting Today The Internal Revenue Service has issued a notice providing guidance […]

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The Turbo Tax fiasco: a Timeline of Minnesota Revenue’s decisions

Turbo Tax is all over the news lately but it’s hard to keep up with […]

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Greater Minnesota Internship Tax Credit Program

If you are a business owner who employs interns, you may be eligible for a […]

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The Federal Conformity Bill

The following is taken directly from Minnesota Revenue’s email newsletter: On Saturday, January 24, 2015, […]

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Income tax filing season opener

Income tax filing season opens January 20, 2015 Department urges swift legislative action to conform […]

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