Blog

Chris Wittich | Mar. 24, 2025

Income Tax & ERC Interplay Guidance from the IRS

The IRS released 3 new FAQ on March 20th 2025 that address some of the problems that arise with income…

Chris Wittich | Mar. 21, 2025

Boyum Barenscheer 2025 Tax Guide

Discover the 2024-2025 Tax Guide with expert advice, key updates, and helpful tools to ensure a smooth and informed tax…

Chris Wittich | Mar. 10, 2025

Beneficial Ownership Information | March Update

The Treasury Department is announcing today that, with respect to the Corporate Transparency Act, not only will it not enforce…

Chris Wittich | Feb. 4, 2025

New Tariffs Imposed on Imports from Canada, Mexico, and China

On February 1, 2025, the new administration announced additional tariffs on imports from Canada, Mexico, and China, citing an extraordinary…

John Csargo | Dec. 26, 2024

Disaster Tax Relief Act

On Dec. 12, 2024, President Biden signed the Federal Disaster Tax Relief Act of 2023 (H.R. 5863) into law designating…

Charlie Metzig | Dec. 10, 2024

Year End Tax Planning Webinar Recording

Boyum Barenscheer’s tax specialists, Chris Wittich and Greg Carlson give an essential year-end update on critical tax changes and planning…

Amy Swenson | Oct. 28, 2024

Ease your January 2025 Form 1099 Reporting by Reviewing Your W-9s on File Now

Forms 1099-NEC and 1099-MISC for payments made in the course of a trade or business to independent contractors during calendar…

Jack McHatton | Sep. 16, 2024

When Your Nonprofit’s Debt-Financed Income is Subject to Tax

If your nonprofit has investment income, dividends, interest, rents and annuities, they’re generally excluded when calculating unrelated business income tax…

Chris Wittich | Sep. 12, 2024

New Requirement to Electronically Create and File Minnesota CRP Forms

Landlords and property managers of residential rental real estate in Minnesota are subject to a new Minnesota Department of Revenue…

John Csargo | Sep. 9, 2024

It’s Time for Your Small Business to Think About Year-End Tax Planning

With Labor Day in the rearview mirror, it’s time to take proactive steps that may help lower your small business’s…

Matthew Koch | Aug. 29, 2024

Evaluating Your Manufacturing Company’s Multistate Tax Liability

When operating across state lines, it’s critical for manufacturers to understand their multistate tax liability. To determine state tax liability,…

John Csargo | Aug. 19, 2024

Closing a Business Involves a Number of Tax Responsibilities

While many facets of the economy have improved this year, the rising cost of living and other economic factors have…