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The 2014 Minnesota Legislative session passed a law that makes the purchase/lease of equipment used in Minnesota in the manufacturing process exempt from Minnesota sale/use tax effective on purchases beginning July 1, 2015. Previously, the State required businesses to pay the sales/use tax on the purchase, and then had to...

While we wait for Congress to revive some of the expired tax credits and deductions before the end of the year, there are some steps you can take to reduce your tax liability under the current tax laws. Some things will be simpler this year, as the 2015 tax rates...

The 2013 Minnesota legislature passed a number of laws that expanded the sales tax base, mainly on businesses. Here is a review of those that were effective in 2013 and those that are scheduled to be effective in 2014. Now is a good time to review how you are treating...

As the year draws to a close, many of you will find yourself getting your 2013 tax and financial “ducks in a row.” The following checklist may help you save tax dollars if you act before year-end. Not all actions will apply in your situation, but you may benefit from...

Year-end financial planning is always a relevant topic come December, but it is especially important to consider this year with the uncertainty relating to  numerous tax increases scheduled to go into effect on January 1st if Congress does not act to prevent them. Not only will individual tax rates go...