NEWS & INSIGHTS
Effective January 1, 2022: New Minimum Wage Rates in Minnesota
Minnesota business owners: the state's minimum wage is increasing on January 1, 2022. See the chart below for details and also for key dates for minimum wage changes in Minneapolis and St. Paul.
Minnesota Pass-Through Entity (PTE) Tax
This past summer, Minnesota enacted a new passthrough entity (PTE) tax for years beginning after December 31, 2020….Here are some things to consider.
Minnesota’s New Pass-through Entity (PTE) Tax – A SALT Cap Workaround for Business Owners
Minnesota has enacted a Pass-Through Entity (PTE) Tax as a way to work around state and local tax (SALT) deduction limits. This article explains how this impacts your business.
UPDATE: Federal Eviction Moratorium Extended by the CDC
The CDC extended its eviction moratorium again, this time through October 3, 2021.
The End of Enforceable Non-Compete Agreements?
Expect federal regulations limiting or banning non-compete agreements resulting from President Biden’s Executive Order on July 9, 2021 “Promoting Competition in the American Economy.”
Minnesota Eviction Moratorium Off-Ramp
Minnesota Eviction Moratorium Phaseout goes into effect June 30, 2021. Here’s what landlords need to know about filing evictions based on nonpayment of rent.
Why Should Married Couples Consider a Joint Revocable Trust?
Wayzata lawyers recommend married couples consider a joint revocable trust. Here are 2 reasons to consider a joint revocable trust.
The SECURE Act: How it Impacts Your Estate Plan
Wayzata estate attorneys recommend that with the SECURE Act everyone should review how their retirement accounts will pass upon their death. Here’s Why.
Trustee Services (Trust Administration) Offered
Wayzata estate attorneys offer trustee services. We provide trust administration along with expert legal advice.
As of November 9, 2020 There are New Regulations for C Corporations and S Corporations Regarding Deductions for Certain State and Local Income Taxes.
The U.S. Treasury and IRS have clarified that that businesses structured as pass through entities may deduct certain state and local income taxes similar to C corporations. Read the Press Release here.