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Multi-factor Authentication Now Mandatory for EFTPS
November 10, 2023 by Zach Schwartz
What has Changed: Effective October 19th, 2023, the Electronic Federal Tax Payment System (EFTPS) has instituted multi-factor authentication into their login system with a goal of increased account security. Users must register with one of two secure sign-in applications, LOGIN.gov or ID.me to gain continued access their business or individual...
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New Twin Cities Metro-Wide Sales and Use Taxes
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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2023 Form 5500 Participant Count Changes
August 11, 2023 by Stephanie Leduc
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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