Blog

Author: Allison Stevens

IRS Postpones April Deadline

March 30, 2021 by Allison Stevens
Copeland Buhl
The IRS has postponed the April 15, 2021 deadline for individual taxpayers to May 17, 2021.  This covers both the tax return itself (Form 1040) and the payment of any 2020 balances due. Minnesota has also pushed back the due date until May 17 for individual taxpayers. In addition, the...
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Families First Coronavirus Response Act - Updated 12/1/2020

December 1, 2020 by Allison Stevens
Tax Services
The Families First Coronavirus Response Act, has been signed by the President and includes mandatory paid leave requirements and related tax credits that will affect many small businesses.  These rules were effective April 1, 2020. Required Paid Leave Employers with fewer than 500 employees are now required to provide two...
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Important Updates: CARES Act Retirement Account Changes

June 25, 2020 by Allison Stevens
Tax Services
The CARES Act includes two important provisions related to retirement accounts: a suspension of required minimum distributions and a new exception to the early withdrawal penalty.   Changes to Required Distributions  Normally, taxpayers are required to take a distribution from their retirement plans when they turn 72 (70 ½ for...
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Families First Coronavirus Response Act

March 24, 2020 by Allison Stevens
Tax Services
FAMILIES FIRST CORONAVIRUS RESPONSE ACT The Families First Coronavirus Response Act, has been signed by the President and includes mandatory paid leave requirements and related tax credits that will affect many small businesses.  These new rules are effective April 2, 2020. Required Paid Leave  Employers with fewer than 500 employees...
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