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Charitable Contributions and Tax Deductions
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 […]
Rental Property Owners Tax Tips
For most taxpayers, the income collected from
renting property is reported on Schedule E,
Supplemental Income and Loss.
Planning Ahead
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 […]
Tax Tips for Daycare Providers
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 […]
Child Tax Credit
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 […]
Tax Tips for Clergy
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 […]
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 […]
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 […]
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!
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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