More legislative changes are underway in Minnesota after Governor Mark Dayton signs another bill into law. The first this month was the history-making passing of same-sex marriage, which invariably requires a tax conversation over changes that might need to be made. Another major change was recently added to the Minnesota tax world that has acontinue reading…
Offshore bank account causes trouble for 79-year-old widow
In many marriages one spouse takes care of the finances. Whether it is for ease or because of understanding, the bills are often paid, the investments made and the assets controlled by one and not both partners. When the spouse with the financial responsibilities dies, it can be a very confusing task for the other.continue reading…
Minnesota Senate’s sales tax bill passes with slim vote
Owning and operating a business involves so much more than a simple exchange of money for goods. One of the complex parts of business transactions involves collecting sales tax imposed by state and local governments. For business owners, it may feel like tax collection and in a way it is, because the business owner iscontinue reading…
Self-help tax tips for the Minneapolis self-employed
Self-employment can be a great thing. You get to set your own schedule, be your own boss and make all management decisions that need to be made. It can be great, but ask almost any self-employed individual if it involves a lot of responsibility and they’ll quickly respond with a “yes.” Taxes are one ofcontinue reading…
Federal tax picture remains blurry in wake of budget proposal
What kind of tax debt will I be liable for over the next five years? The question is not easily answered right now as the spending debate in Congress rages on. Another attempt at a solution was recently proposed when President Barack Obama submitted his plan for a budget. The plan included a mix ofcontinue reading…