Season of Giving Back
As a company, we are so grateful for our amazing clients and advocates so what better way to show our appreciation than to donate to those who need it the most on their behalf!
Completing the M&A Puzzle: Know How The Pieces Fit
As companies attempt to pivot, adapt, and grow quickly an M&A strategy is one of the main ways to do so even if it comes with its own set of challenges in how the entities will fit together. The increase in these transactions will likely come across your desk in the coming months.
End of Year Considerations
This year could not come to an end any sooner for most and yet there is much to be done before it’s over! Get things filed before the start of Q1 and wrap up those transactions to put a bow on 2020 and send it off.
Change in Seasons, Consistent Solutions
Autumn is officially here! The time for sugar, pumpkin spice, and everything nice! Our home state of Minnesota is experiencing the peak color changes in our fall foliage. It’s that perfect time of year to get some fresh air by going for a hike, taking in a scenic drive, bringing your family to an orchard, or just cozying up by the fire. Just be sure to soak it all in while you can!
Paycheck Protection Program: The Moving Target
The Small Business Administration (SBA), Paycheck Protection Program (PPP) was created from the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help businesses affected by COVID-19 for payroll and other business related expenses. When State’s began shutting down, non-essential businesses couldn’t run, and funds were needed in order to stay afloat.
Business Taxpayers See New IRS Form
For those business taxpayers paying or receiving non-employee compensation (aka contractors), there is now a new IRS form that you must use in your reporting. Payers must report any payment of $600 or more to a payee in the calendar year by completing Form 1099-NEC (Non-employee Compensation).