by ssmnlaw | Dec 15, 2021 | Tax Planning, Uncategorized
The information below is from our friends at Copeland Buhl. This past summer, Minnesota enacted a new passthrough entity (PTE) tax for years beginning after December 31, 2020. This entity-level tax is considered a workaround for the federal $10,000 state and...
by ssmnlaw | Sep 21, 2021 | Business Law, Tax Planning
The information below is from our friends at Copeland Buhl. The 2017 Tax Cuts and Jobs Act (TCJA) limited the itemized deduction for state and local taxes (SALT) to $10,000. Many states enacted laws to work around this limitation and support business owners by...
by ssmnlaw | Apr 3, 2019 | Uncategorized
It’s not uncommon in our office to sit down with a new business client, ask to see the corporate records, and have a thick, dusty, leather-bound binder from the 1970s dropped onto the desk with a thud. We get it; business owners are busy people. Especially in a...
