Minnesota Financial Solutions

07/28/2021

https://minnesota.cbslocal.com/2021/07/27/why-are-federal-tax-refunds-delayed-and-what-can-you-do-about-it/?utm_campaign=true_anthem&utm_medium=facebook&utm_source=social

We're two months since the deadline for filing taxes and still millions of Americans are waiting on their money. Even people who filed six months ago.

03/24/2021

Some employers offer the Roth 401k contribution along with the regular tax deductible 401k. Your income / age will determine which route is more favorable. Contact us and we can help in the decision process!

02/24/2021

If your business had PPP money forgiven last year, hold off on filing Minnesota taxes as state law currently treats it as taxable. The Minnesota House and Senate are currently considering reversing this policy.

01/31/2021

We can still get started and be ready when the IRS is. Corporate returns are being accepted now. Give us a call!

The IRS won't begin accepting returns until February 12, two weeks later than usual. It's smart to file your taxes as soon as possible after that, experts say.

01/22/2021

With a new year comes new tax law. This is a great article regarding business PPP loan / forgiveness treatment. Contact us for assistance regarding business tax compliance

The $900 billion COVID-19 relief package passed Monday provides $284 billion for a revised Paycheck Protection Program (PPP) and clarifies that businesses can claim tax deductions for expenses paid for with forgiven PPP loans.