Possible refund for vets injured in combat Certain veterans injured in combat may be due a credit or refund as a result of the Combat-Injured Veterans Tax Fairness Act of 2016, according to the IRS. This affects vets who received one-time, lump-sum disability severance payments when they separated from military… Read More»
Smartphones and other technological advances enable banks to create products and services that dramatically change the way you bank. Here is a primer on three of the biggest banking trends and tips to protect your money: 1. The traditional bank branch is going away A recent report from consultants McKinsey… Read More»
As a small business owner, the words “trade war” and “tariff” can be unsettling. When cost uncertainty is on the horizon, you will want to be prepared as much as possible. Keep the following items in mind to navigate your business through a possible trade war. Tariffs Defined A tariff… Read More»
Mark your calendar to review these essential items each year to ensure you are not missing something that could cause trouble when you file your tax return: Required minimum distributions (RMDs) – If you are 70 1/2 or older, you may need to take RMDs from your retirement accounts, or… Read More»
Please join us in congratulating Mike Misheski, CPA, on becoming a new member of the North Dakota University Accounting and Information Systems Department Advisory Board.
A good way to chart your progress toward a healthy financial future is to prepare a personal balance sheet every year. It will give you a scorecard to measure how you’re doing. How to chart the health of your finances A balance sheet shows your assets and your liabilities. Think… Read More»
The House and Senate passed the Tax Cuts and Jobs Act (TCJA) bill in December 2017 and President Trump signed the law into effect. This large tax reform package will lower tax rates on corporations, passthrough entities, individuals, and estates, move the US toward a territorial-style system for taxing foreign-source… Read More»
The attached documents highlight the new 2016 Department of Labor overtime rule. If you have any questions, please feel free to contact our office. Widmer Roel Letter to Clients-2016 FLSA Overtime Rules DOL Fact Sheet 17A Exemption for Employees under FLSA DOL Nonprofit Guidance to 2016 Overtime Rule DOL Private… Read More»