General Tax

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Q4 Tax Planning

October 8, 2026

Q4 tax planning is not a single deadline; it's a series of decisions that each have their own timing. Some strategies require lead time to execute, others depend on an updated year-end forecast, and some work can legitimately carry into the new year.

New IRS Per Diem Rates for 2026

October 8, 2026

The IRS has released its 2026-2027 special per diem rates for business travel, and the changes took effect October 1, 2026.

Minnesota’s 2025 Homestead Credit Refund Increase: What Homeowners Should Know

August 5, 2026

Minnesota's homestead credit refund increase means 15% more in refunds for many MN homeowners. Read more to learn how to claim yours.

Minnesota’s 2026 Tax Law Changes

August 5, 2026

MN Tax Law Changes introduced in 2026 affect bonus depreciation, R&D expensing, PTE Tax, and more that may require an amended return or advanced planning for next year for business owners or individuals.

Right Type of Business Entity for a New Business

July 24, 2026

What’s the right entity type for your new business? Two popular options for closely held businesses with multiple owners are LLCs taxed as partnerships and S corporations. Read more for a comparison of these two business entitty types.

Business or a Hobby?

June 23, 2026

The line between a business and a hobby isn’t always obvious — but it can have a major impact on your taxes. Learn what the IRS looks for and how to strengthen your position as a for-profit business.

What the Kwong Case Could Mean for Taxpayers

June 10, 2026

A recent federal court case, Kwong v. United States, says that many federal Covid-19 tax deadlines may have been pushed back farther than the IRS recognized and could mean some taxpayers may have paid penalties or interest not actually owed and may be due a refund from the federal government.

Do You Qualify as a “Small Business”?

June 7, 2026

Certain small businesses may qualify for various federal tax breaks. But different tax provisions use different size tests. Read on to learn more about big tax breaks for small businesses that meet one such test.

S-corp Classification FAQs

June 1, 2026

S-corporations are one of the most frequently discussed tax structures for small business owners. While they can offer real savings on self-employment taxes, the benefits aren't automatic - they depend on your income level, involvement in the business, and whether you're ready to manage the added compliance responsibilities.

The One Big Beautiful Bill Act: Lessons Learned with Charlie Sparks and Zach Deo

May 27, 2026

Podcast: Explore the real-world impact of the “One Big Beautiful Act” after its first filing season, including SALT deductions, QBI permanence, bonus depreciation, Roth strategies, R&D expensing, and estate planning considerations.

Tax Identity Theft and Business Risks

May 22, 2026

Small business owners, beware: Tax identity theft is a costly, ongoing threat. Criminals may file fraudulent returns using a business’s EIN, impersonate executives to steal employee W-2 data, or use forged IRS documents to pose as a business for financial or tax-related activity.

Research Credit FAQs

May 15, 2026

The research credit isn’t just for labs or tech companies. Many businesses are missing out because they mistakenly assume they don’t qualify, or aren’t sure where to start. Learn how the credit works and what to consider.

Should You Consider Adopting a Fiscal Year End?

May 13, 2026

Most businesses use December 31 as the end of their fiscal year. But some companies in construction, accounting, and snowplowing operations, for example, may have valid reasons for adopting fiscal year ends. Aligning your tax year with your operating cycle can streamline reporting and support better planning.

Qualified Overtime Compensation Deduction

April 2, 2026

The IRS has issued guidance for the qualified overtime compensation deduction, effective for tax years 2025 through 2028. Eligible workers must meet specific eligibility requirements, including valid Social Security numbers and certain filing status conditions.

Strategic Moves for Building a Financial Foundation for Kids

March 31, 2026

For many parents, providing financial security for their children is a top priority. But building a financial foundation for kids involves more than funding college or opening a savings account.