Category Archives: Blog

In order to prepare for a business audit, an IRS examiner generally does research about the specific industry and issues on the taxpayer’s return. Examiners may use IRS “Audit Techniques Guides (ATGs).” A little-known secret is that these guides are available to the public on the IRS website. In other words, your business can use…

Business owners are regularly urged to create and update their succession plans. And rightfully so — in the event of an ownership change, a solid succession plan can help prevent conflicts and preserve the legacy you’ve spent years or decades building. But if you want to take your succession plan to the next level, consider…

Married couples may not be able to save as much as they need for retirement when one spouse doesn’t work outside the home — perhaps so that spouse can take care of children or elderly parents. In general, an IRA contribution is allowed only if a taxpayer earns compensation. However, there’s an exception involving a…

Much like the 1984 hit musical number “It’s Raining Men”, Minnesota local governments and school districts may be noticing that it’s raining money.  Amidst the waves of funding from the Coronavirus Aid, relief, and Economic Security Act (CARES Act) signed into law March 27, 2020 and the Coronavirus Response and Relief Supplemental Appropriations Act (CRRSA…