Minnesota Tax Reform: What You Need to Know

2018_Forum SeriesThis year the Minnesota Legislature passed and Governor Walz signed into law a significant rewrite of Minnesota’s tax code to bring the state into conformity with the federal Tax Cuts and Jobs Act of 2017. This new law will have significant impacts on both individuals and businesses going forward for the 2019 tax filing season, as well as retroactively as the law may require amendments to 2018 tax returns. To ensure that our members have all the information they need on what this new law will mean for them, Greater Mankato Growth is partnering with Abdo, Eick & Meyers; CliftonLarsonAllen; and Eide Bailly to host a free forum on Minnesota Tax Reform on December 10. Our panel of tax experts will review the federal and new state tax laws and how it will impact businesses as well as discuss what you need to know about retroactive tax filings for 2018. You can register and get more information here: https://gmg.greatermankato.com/events/Minnesota-Tax-Reform-What-You-Need-to-Know-1117/details

Minnesota Tax Conformity: What’s Next?

tax_reform_buttons_cbiesFollowing Governor Mark Dayton’s veto of legislation that would have conformed Minnesota’s tax system to the new Federal tax law, there is uncertainty as to what this means for businesses and individuals. The following guest blog courtesy of Eide Bailly provides a helpful overview of where things stand and the key issues to follow moving forward.

 

Should you wish to discuss this issue further, please be sure to contact one of our fantastic member businesses with tax expertise. Continue reading “Minnesota Tax Conformity: What’s Next?”

Tax Bill – Impact on Businesses

tax cuts and jobs actThe new tax bill significantly changes the tax code for businesses. The following guest blog courtesy of Eide Bailly provides a helpful overview of what the new tax bill means for businesses and considerations they should be making.

This information will also be covered in greater detail at our upcoming free event – Tax Reform Planning Strategies – Unlocking the Mysteries of the New Tax Bill. You can get more information and register for this event here.

Should you wish to discuss tax reform and its impact on you or your business, please be sure to contact one of our fantastic member businesses with tax expertise. Continue reading “Tax Bill – Impact on Businesses”

Tax Bill – Highlights for Individuals

tax cuts and jobs actThe new tax bill significantly changes the tax code for individuals. The following guest blog courtesy of Abdo, Eick & Meyers provides a helpful overview of what the new tax bill means for individual filers.

This information will also be covered in greater detail at our upcoming free event – Tax Reform Planning Strategies – Unlocking the Mysteries of the New Tax Bill. You can get more information and register for this event here.

Should you wish to discuss tax reform and its impact on you or your business, please be sure to contact one of our fantastic member businesses with tax expertise. Continue reading “Tax Bill – Highlights for Individuals”

Tax Bill Event (Free!)

Forum-Series-Logo_SMIn December, President Trump signed into law the Tax Cuts and Jobs Act. This is the most significant federal tax legislation passed in more than three decades and will have sweeping impacts on every type of taxpayer.

PrintTo ensure that both individuals and businesses fully understand the implications of the new tax bill, Greater Mankato Growth in partnership with CliftonLarsonAllen are hosting a free event Tax Reform Planning Strategies – Unlocking the Mysteries of the New Tax Bill.

Wednesday, January 31
2:30 – 4:30pm (with reception following)
Verizon Center, Grand Hall Room 245

REGISTER HERE (Free Event) Continue reading “Tax Bill Event (Free!)”

Tax Bill Q&A for Agriculture

tax cuts and jobs actThe newly passed tax bill has numerous implications that businesses from all sectors need to understand and prepare for. Agriculture is no exception. The following guest blog courtesy of CliftonLarsonAllen provides a helpful Q&A on what the new tax bill means for farmers.

Should you wish to discuss tax reform and its impact on you or your business, please be sure to contact one of our fantastic member businesses with tax expertise. Continue reading “Tax Bill Q&A for Agriculture”

Tax Bill Summary Slides

eide baillyGreater Mankato Growth held a Public Affairs Issues Forum last month titled Federal Tax Reform – What it Means for You and Your Business featuring a presentation delivered by top tax experts from Eide Bailly’s National Tax Office. We’re pleased to present the slides from that forum. They contain a comprehensive summary of the key tax implications for both individuals and businesses and are well-worth taking a look at. You can view the slides at this link: Tax Reform Presentation Slides

 

Tax Bill 20% Deduction for Farmers

tax cuts and jobs actMany have heard of the new Section 199A in the Tax Bill which will allow owners of sole proprietorships, S corporations and partnerships to take a deduction of 20% against their income from the business. But how does this new provision impact farmers? The following guest blog courtesy of CliftonLarsonAllen helps answer that question. Continue reading “Tax Bill 20% Deduction for Farmers”

Tax Bill Provisions Benefitting Small Business

tax cuts and jobs actThis week the U.S. Senate and House Passed the Tax Cuts and Jobs Act, sending it to President Trump for his signature. This is the most significant federal tax legislation passed in more than three decades and will have sweeping impacts on businesses and individuals alike. Over the coming weeks and months, Greater Mankato Growth will work to keep our members up to speed on the impacts of the bill and what it means for you and your business – so stay tuned to this blog and GMG’s weekly E-news.

First up, an overview of what the bill means for small businesses. The information below is courtesy of the U.S. Chamber of Commerce.

Should you wish to discuss tax reform and its impact on you or your business, please be sure to contact one of our fantastic member businesses with tax expertise.

Continue reading “Tax Bill Provisions Benefitting Small Business”

Federal Tax Reform: What It Means For You And Your Business

Forum-Series-Logo_SMJoin Greater Mankato Growth and your fellow colleagues for our November Public Affairs Forum Breakfast Federal Tax Reform: What It Means For You and Your Business.

Thursday, December 14
7:30 – 9:00 am
Greater Mankato Growth, Sakatah Trail Room

REGISTER HERE Continue reading “Federal Tax Reform: What It Means For You And Your Business”