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Charitable Contributions and Tax Deductions

Charitable Contributions and Tax Deductions

May 21, 2021

Charitable contributions are not all created equal. Have you donated to a cause in the past and found that during the next year’s taxes the donation was in fact it […]

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rental owners

Rental Property Owners Tax Tips

April 23, 2021

For most taxpayers, the income collected from
renting property is reported on Schedule E,
Supplemental Income and Loss.

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planning ahead

Planning Ahead

March 29, 2021

Regardless of whether the death of a loved one is unexpected or anticipated, dealing with it is always difficult and usually catches family members unprepared. A little planning ahead can […]

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daycare provider

Tax Tips for Daycare Providers

February 22, 2021

We have years of experience designing specific strategies for clients to follow throughout the year to reduce taxes while understanding the impact of the latest tax laws, legislation and IRS […]

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child tax credit

Child Tax Credit

February 10, 2021

You are ready to file this year’s tax return and have no idea where to begin. You have dependents and know there is a child tax credit that comes from […]

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bible in hands

Tax Tips for Clergy

January 26, 2021

Our experienced team understands that supporting the relationships of those who work and volunteer time for their place of worship is a crucial piece of what creates thriving organizations. The […]

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tree logo - mn cpa

Tips for Self-Employed Taxpayers

January 4, 2021

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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new location

Anfinson Thompson Now in Redwood Falls

October 15, 2020

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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military tax credits

Tax Tips for Military Personnel

July 15, 2020

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 Tax Classification

Business versus hobby classification

June 2, 2020

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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