August 23, 2023 by Jack Siegle
Effective October 1, 2023, the local sales and use tax for the seven-county metro in Minnesota will increase by 1%. The seven counties that this will impact are Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, and Washington. The 1% total increase to the current sales tax will be used to support...
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Form 5500 is used to meet the annual reporting requirements for employer sponsored retirement plans. On February 23, 2023, the Department of Labor (DOL) released details on changes to the 2023 Form 5500. Possibly the most significant change to the form involves how participants are counted for determining which retirement...
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The SECURE 2.0 Act (Secure 2.0) was signed into law on December 29, 2022 by President Biden. With the law comes several important changes to employee benefit plans, including 401(k) plans. Below are the top 4 items that will impact 401(k) plans in the coming years. 1. Requirements for automatic...
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MinnesotaCare Provider Tax is a tax on patient services in Minnesota. Revenue generated is used by the state of Minnesota to pay for the MinnesotaCare program, which provides state-subsidized health care coverage for low-income individuals. The tax is based on gross receipts, not profits and the rate is adjusted by...
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January 27, 2023 by Staff
As Data Privacy Week comes to a close, I’d like to remind you that securing your data is something you should keep in mind all the time, not just during this special week in January. Phishing and social engineering attacks are happening every day, but there are steps you can...
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