Highlights of spending package’s tax law changes The federal government spending package titled the Further Consolidated Appropriations Act, 2020, does more than just fund the government. It extends certain income tax provisions that had already …Read More

 

So you’re thinking of expanding your business. Congratulations! But, don’t get lost in the excitement. Expanding a business takes capital, time, knowledge, and paperwork. If you don’t continue forward properly, the expansion could overextend your …Read More

 

Sole proprietorships and pass-through entity structures, which include partnerships, S corporations and certain limited liability companies (LLCs), can provide owners with some valuable tax benefits. Any of the above entities had been able to deduct …Read More

 

What is the difference between insourcing and outsourcing, and how does it affect your company? When planning a project, your business has to decide what workforce stream to leverage for that specific task. Do you …Read More

 

As a premier Twin Cities CPA consulting firm, Froehling Anderson puts people before numbers, building long-lasting relationships with our clients. We make sure we can properly assist, guide and support our clients by having a …Read More

 

When investing for retirement or other long-term goals, people usually prefer tax-advantaged accounts, such as IRAs, 401(k)s or 403(b)s. While some assets sit well in these accounts, others would do better in taxable ones. How …Read More

 

Repairs to tangible property, such as buildings, machinery, equipment or vehicles, can provide businesses a valuable tax deduction. Repairs can be expensed and deducted, but improvements to a business must be recovered through depreciation. So …Read More

 

Determining what an asset will cost you over its lifespan is an important part of building a budget. This is especially true when that asset is of high-value, such as a new piece of machinery …Read More

 

One downside of contributing to a traditional IRA is that, once you reach age 70.5, you must begin taking required minimum distributions (RMDs) and pay taxes on those distributions. But you can use a qualified …Read More

 

Comparing your business to the industry is difficult, and with all the data and paperwork, the task can be daunting. Our trained professionals at Froehling Anderson can help you look at where you are, so …Read More