Prepayment of Property Taxes

With the new tax bill that has recently been passed, there is much discussion in the news about prepaying property taxes. Unfortunately, there are mixed comments on this topic. Minnesota property tax assessments are not considered due until Property Tax Statement reporting is completed in March of each. Therefore, it is the opinion of many…
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Financial Changes You May Want to Make Before 2018

The new tax bill has been approved by both the U.S. Senate and House and will be signed into law in the near future. This could have a significant impact on your income and taxes in 2018. It also creates the opportunity for some critical tax planning while the existing tax laws are still active.…
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Keeping Good Records for the Upcoming Tax-Filing Season and Beyond

Good recordkeeping is essential for individuals and businesses before, during, and after the upcoming tax filing season. First, the law actually requires taxpayers to retain certain records for a specified number of years, for example, tax returns or employment tax records (for employers). Second, good recordkeeping is essential for taxpayers while preparing their tax returns.…
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