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Tips for Self-Employed Taxpayers
Conducting business as a sole proprietor is one of the simplest forms of operation. It’s easy to start a business operated as a sole proprietorship and just as easy to […]
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Anfinson Thompson Now in Redwood Falls
Anfinson Thompson & Co. has expanded to Redwood Falls. Anfinson Thompson & Co. has purchased LeSage, Reynolds, & Welter Ltd and looks forward to continuing their long history of serving […]
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Tax Tips for Military Personnel
Military personnel and their families may be eligible for special tax benefits. Learn how to take advantage of these benefits today!
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Business versus hobby classification
A hobby is classified as an activity pursued outside primary work primarily for pleasure. However, a business is used to earn profit. Proof of a profit motive is required to generate a tax loss from a business
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SBA and Treasury Release Paycheck Protection Program Loan Forgiveness Application
Friday, the Small Business Administration (SBA), in consultation with the Department of the Treasury, released the Paycheck Protection Program (PPP) Loan Forgiveness Application and detailed instructions for the application. The […]
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IRS Launches “get my payment” tool
The IRS has launched its “Get My Payment” tool, which allows taxpayers to check the status of their economic impact payment. The tool provides information about a taxpayer’s payment status, […]
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COVID-19 Tax News and Frequently Asked Questions
More Extended Tax Deadlines to Cover Individuals, Trusts, Estates,Corporations and Others (IR-2020-66) Extensions generally now apply to all taxpayers that have a filing or payment deadline falling on or after […]
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2020 Standard Mileage Rates
The Internal Revenue Service has issued the 2020 standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. These rates […]
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