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Inflation Adjustments may mean lower tax rates for some in 2023

By DJ Jahn | Oct 26, 2022

The headline likely caught your eye this week, as many of the news outlets announced it! The news of lower tax rates comes as inflation adjustments for 2023 have been announced by the IRS. There are

Some Minnesotans are getting a Tax Order - and it's confusing

By Alan J. Delage, CPA, JD, LLM | Jun 16, 2022

The Minnesota Department of Revenue has been sending notices to some Minnesota taxpayers (about 45,000 of them), assessing additional tax for the years 2019 and 2020. The reason for the assessment is

Could the work opportunity tax credit benefit your small business?

By Joe Rubenstein, CPA | Jun 16, 2022

Not taking advantage of an available tax credit is akin to leaving money on the table. Unfortunately, we see this all too often, especially when it comes to busy small business owners and the work

Are you liable for “nanny taxes”?

By Froehling Anderson | Feb 21, 2022

If you employ household workers — which may include nannies, babysitters, housekeepers, cooks, gardeners, health care workers and other employees — it’s important to understand your tax obligations,

Oops, you overfunded your 529 plan

By Froehling Anderson | Jan 18, 2022

Some might consider it a good problem to have: saving too much money for college. But if the money is held in a Section 529 college savings plan, there could be tax consequences to overfunding the

Working remotely from “out of state” can be taxing

By Froehling Anderson | Jan 13, 2022

Throughout the COVID-19 pandemic, many people have worked remotely, either from home or a temporary location. One potential consequence of remote work may surprise you: an increase in your state tax

When can you deduct business-related meals . . . and how much can you deduct?

By Froehling Anderson | Dec 14, 2021

The Tax Cuts and Jobs Act (TCJA) permanently eliminated deductions for most business-related entertainment expenses paid or incurred after 2017. For example, you can no longer deduct any of the cost

Our 2021-2022 Tax Planning Guide

By Froehling Anderson | Dec 1, 2021

As we move into the end of the calendar year, it’s time to review the opportunities and strategies available to us at year-end and into the new year. Here is the 2021-2022 Tax Planning Guide. It

Rental real estate: Determining if a property is a business or an investment

By Froehling Anderson | Nov 30, 2021

If you own rental real estate, its classification as a trade or business rather than an investment can have a big impact on your tax bill. The distinction is especially important because of the 20%

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I have never gotten so much accomplished with my last accounting firm in the last two years as I have with Froehling Anderson. You make me feel so good about the decision we made to go with your company! I really appreciate your taking the time to go through all of this with me. You make me feel so much better!

Cindy L

After years of bad experiences with CPAs, Froehling Anderson has been an absolute opposite and amazing experience for my company and personally. Prompt communication, promises kept, easy to understand communications, and actual regular consultation. I highly recommend Froehling Anderson CPAs to any business owner. Gail and her team are aware of the issues professional anglers face, so they were familiar with our situation. They started by helping us separate our professional and personal finances, and gave us an easy way to track and categorize our expenses. They helped us meet tax deadlines and get up to speed on current filings. Soon, we felt much less anxious about our finances. What a relief!

Kevin C.

We’ve stayed with Froehling Anderson through the years because they are relatively consistent employees and workforce; their top management is stable and consistent.

Bill S.

Working with Froehling Anderson means I can sleep at night. If I’m audited, I’m confident in the work and that Froehling Anderson will be on my side.

Jack V.

My first impression of Froehling Anderson is they know how to maximize profit and minimize tax liabilities.

Pat Z.