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CARES Act NOL Change

This year in 2020 is going to be challenging for many companies that are likely to incur net operating losses (NOL’s). To help create cash for businesses to survive, Congress changed the rules on NOL carrybacks for the 2018-2020 tax years. Before we discuss the...

Minnesota Unemployment for Employers

Our office continues to get questions from business owners who have had to lay off employees during the pandemic. Here are some of the common questions: Will my unemployment rates go up if I let employees go? Answer: If the reason is COVID-19 related, then the answer...