by Matt Engelmann | Apr 29, 2020 | COVID-19, Tax Updates & Rules
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...
by Matt Engelmann | Apr 28, 2020 | COVID-19
We have a number of self employed clients applying for Minnesota unemployment benefits. Certain professions such as hair stylists/barbers and massage therapists have been put out of business with the stay-at-home orders. In our experience, most self employed people...
by Matt Engelmann | Apr 28, 2020 | COVID-19
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...
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