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What You Need To Know About The New Lease Standard

What You Need To Know About The New Lease Standard

By Froehling Anderson | Aug 2, 2019

What is the new lease standard?

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Potential Changes to MN Tax Returns Due to Retroactive Tax Law Changes

Potential Changes to MN Tax Returns Due to Retroactive Tax Law Changes

By Froehling Anderson | Jun 27, 2019

Minnesota recently passed a tax bill that retroactively brings some of Minnesota’s income tax provisions into conformity with federal income tax provisions that were passed in December 2017, as part

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Not-for-Profit Financial Statement Standard Changes

Not-for-Profit Financial Statement Standard Changes

By Froehling Anderson | Jun 13, 2019

New financial statement standards have been issued for not-for-profit organizations and will go into effect for most organizations for their fiscal year ending in 2019. The purpose of these changes

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Why You Should Consider a Roth 401(k) Plan

Why You Should Consider a Roth 401(k) Plan

By Froehling Anderson | Jun 11, 2019

Roth 401(k) accounts have been around for 13 years now. Studies show that more employers are offering them each year. A recent study by the Plan Sponsor Council of America (PSCA) found that Roth

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When Should You Report Subsequent Events?

When Should You Report Subsequent Events?

By Froehling Anderson | Apr 23, 2019

Financial statements present a company’s financial position as of a specific date, typically the end of the year or quarter. But sometimes events happen shortly after the end of the period that have

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Small Business Owners can still make SEP Retirement Plan for Last Year

Small Business Owners can still make SEP Retirement Plan for Last Year

By Froehling Anderson | Mar 14, 2019

Are you wishing you’d set up a retirement plan for your small business for 2018? Believe it or not, you may still be able to do so, and also reduce your 2018 tax liability!

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Leasing Equipment vs. Buying Equipment for your Business

Leasing Equipment vs. Buying Equipment for your Business

By Froehling Anderson | Mar 12, 2019

When deciding whether to lease or buy equipment or other fixed assets, there are a multitude of factors to consider, including tax implications.

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Reporting Stock Compensation Paid to Non-employees

Reporting Stock Compensation Paid to Non-employees

By Froehling Anderson | Mar 6, 2019

Good news for businesses that pay contractors and consultants with stock or stock options: The accounting rules for stock-based compensation have been simplified. Under recent guidance issued by the

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Home Office Deductions: Actual Expenses vs. the Simplified Method

Home Office Deductions: Actual Expenses vs. the Simplified Method

By Froehling Anderson | Feb 25, 2019

Business owners may be able to save tax with the home office deduction. But will you save more by claiming actual expenses or using the simplified method?

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