Resources & Tools
Insights & Resources
We’ve curated a library of links and videos to keep you fully informed on the latest, most relevant information.
IRS increases standard mileage rate
The IRS has announced an increase in the standard mileage rates for the rest of the year.
2022 Tax Calendar
The tax advisors at Abdo understand the importance of seeing the big picture when it comes to your tax planning. Whether you’re filing your 1040 individual return, a business return, or navigating through payroll taxes and employer regulations, we’re here to make sure you don’t miss any important 2022 tax deadlines.
IRS Guidance on Virtual Currency
As the topic of virtual currency continues to be on the minds of taxpayers, we at Abdo wanted to remind you that the IRS issued guidance on this topic back in 2019.
Tax-Exempt Bonds: What Your Organization Should Know About the Latest Compliance Initiatives
Are you in compliance with the yield restriction and rebate requirements for your tax-exempt bonds? With so much on the line, it’s important to stay up to date. Here’s what you should know about the latest compliance initiatives in this area.
Tax Highlighter: Minnesota PPP Non-Conformity, Opportunity Zone Extensions and more
Our tax advisors are working hard to stay up-to-date on tax legislation and to help you understand how certain tax laws may impact your individual, business, estate, or gift taxes.
Tax Highlighter: Delayed Tax Filing Start Date, Employee Retention Credit Update and more
Our tax advisors are working hard to stay up-to-date on tax legislation and to help you understand how certain tax laws may impact your individual, business, estate, or gift taxes.
Tax Highlighter: Business and Individual Tax Updates
Our tax advisors are working hard to stay up-to-date on tax legislation and to help you understand how certain tax laws may impact your individual, business, estate, or gift taxes.
Payroll Tax Deferral – Updates Based on Current Guidance
On August 28, 2020, the Department of Treasury and Internal Revenue Service issued much awaited guidance regarding the Presidential Executive Order, effective on September 1, 2020, allowing for the deferral of withholding and payment of the employee’s portion of the Social Security tax.
How the SECURE Act Will Impact Individuals & Businesses in 2020
There are many tax law changes included in this legislation and we have consolidated the changes that will affect a large number of taxpayers – both individuals and businesses – and explain what affects these laws may have on each group.
UPDATE: New Form W4 Effective for 2020
The finalized 2020 Form W-4 was released on December 4, 2019. Due to the federal tax law changes that took place in 2018, the 2020 Form W-4, Employee’s Withholding Certificate, is very different from previous versions.
Minimum Wage Rate Adjusted for Inflation as of January 1st, 2020
Minnesota’s minimum-wage rates will be adjusted for inflation beginning Jan. 1, 2020, to $10 an hour for large employers and $8.15 an hour for other state minimum wages.
Highlights of the Tax Cuts and Jobs Act for Businesses
The recently enacted Tax Cuts and Jobs Act (TCJA) is a sweeping tax package. Here’s a look at some of the more important elements of the new law that have an impact on businesses.