Insights & Resources
Resources & Tools
We’ve curated a library of links and videos to keep you fully informed on the latest, most relevant information.
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.
Don’t Miss Out on High Value 2021 Employee Retention Credits
Many business and non-profit employers are finally feeling like they’re beginning to round the corner of the COVID-19 crisis and are now fully focused on successful recovery.
The Latest Round of Coronavirus Recovery Funds: Updated Guidance for Eligible Uses
To help you understand eligible uses for your city’s First Recovery Funds, our advisors have created an overview of what the updated U.S. Treasury guidance entails.
2021 FFCRA Leave for State and Local Government Employers
The recent enactment of the American Rescue Plan Act (ARPA) extended the voluntary employer option to offer credit-eligible FFCRA leave and also made state and local governments eligible for the full tax credits, effective April 1 through September 30, 2021.
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.
Additional COVID-19 Relief Provided by the American Rescue Plan Act
The American Rescue Plan Act provides additional relief for those most affected by the COVID-19 pandemic. Our tax advisors lay out some of the key relief measures for individuals and businesses.
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.
PPP and Employee Retention Credit: How to Effectively Utilize Both Federal Stimulus Programs for Your Organization
We co-hosted a webinar with Greater Mankato Growth about the Employee Retention Credit (ERC) and PPP loans and forgiveness. Watch the webinar recap and find additional resources here.
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.
Key PPP Loan Issues Addressed by COVID-19 Relief Bill
Here’s what you need to know about the new COVID-19 relief bill which provides additional aid for small businesses – we’ve broken down some of the key issues as they relate to the deductibility of expenses and loan forgiveness.
Deductible Expenses & Forgiveness for PPP Loans
The latest guidance from the IRS states that expenses paid with funds received under the PPP loan program are not able to be deducted if you have received or expect full or partial PPP loan forgiveness. This places greater importance on proactive tax planning this year.