Minnesota’s Paid Family and Medical Leave program is right around the corner, and as with most new programs, the tax treatment is evolving. As we head into 2026, updated IRS guidance has clarified how the PFML benefits will be taxed and reported for the short term.
Tag: Tax Compliance & Filing
New USPS Mailing Rules: How They Could Impact Your Year-End Tax Deductions
As year-end approaches, many taxpayers and business owners rush to finalize payments, contributions, and filings that impact their tax deductions.
1099s and the Holiday Season
While you’re closing the books and looking ahead to the New Year, there’s one important task you don’t want to overlook: 1099 reporting.
Unrelated Business Income Tax (UBIT): What Nonprofits Need to Know
Nonprofit organizations work hard to focus on their mission: serving communities, supporting causes, and strengthening Minnesota. But when revenue begins flowing in from activities outside that mission, things can get complicated quickly.
Understanding the 80/120 Rule: When a 401(k) Audit Is Required
Administering a 401(k) plan comes with numerous compliance responsibilities and one of the most misunderstood requirements involves when a plan audit is actually required.
Multi-State Income Tax Nexus: What Business Owners and Controllers Should Know
If you are a business owner, controller or CFO overseeing multi-state operations, understanding income tax nexus, and its cousins, franchise and excise taxes, is critical.
Return Estimates and Tax Preparation: Why Quarterly Planning Matters
When it comes to managing your tax obligations, many individuals focus on April 15—but smart tax planning happens year-round. Making accurate estimated tax payments is one of the best ways to stay compliant, avoid surprises and take control of your cash flow.
