Blog

10/26/2018

Which home loan is right for you?

Considering home ownership? Congratulations! Buying a home is an exciting milestone and for most people, one of the biggest investments…  Keep reading

By David J Geslin CPA LTD

Posted in Firm News, Taxation

10/19/2018

Reasons to consider hiring a CPA

For business owners who want financial security now and freedom in retirement, having a CPA on the team is a…  Keep reading

By David J Geslin CPA LTD

Posted in Accounting, Bookkeeping, Firm News, Management

10/12/2018

What to do if you get audited

No one looks forward to a letter from the taxman requesting a closer look at the books. If you’ve received…  Keep reading

By David J Geslin CPA LTD

Posted in Accounting, Bookkeeping, Firm News, Taxation

10/12/2018

Tactics for paying down debt faster

Very few business owners have the means to operate without borrowing at start up, or later on when it’s time…  Keep reading

By David J Geslin CPA LTD

Posted in Accounting, Firm News

09/01/2018

Restaurant Qualified Improvements

The Tax Cuts and Jobs Act that was passed late last year repealed the qualified retail, restaurant and leasehold improvement…  Keep reading

By David J Geslin CPA LTD

Posted in Accounting, Bookkeeping, Taxation

08/20/2018

Changing Accounting Methods

August 3, 2018 the IRS released Revenue Procedure 2018-40 regarding changing accounting methods because of last year’s Jobs Act.  This…  Keep reading

By David J Geslin CPA LTD

Posted in Accounting, Taxation

08/20/2018

Federal Tax Withholding for 2018

Federal Tax Withholding for 2018 – In late 2017 Congress passed a major tax bill which resulted in lower Federal…  Keep reading

By David J Geslin CPA LTD

Posted in Taxation

08/06/2018

Minnesota K-12 Tax Benefits

For parents, it’s almost time to start back-to-school shopping. Most school supplies could qualify for valuable K-12 tax benefits on…  Keep reading

By David J Geslin CPA LTD

Posted in Accounting, Taxation

07/31/2018

Minnesota Sales Tax

Minnesota will require remote sellers and Marketplace Providers facilitating sales into Minnesota to collect sales tax no later than October…  Keep reading

By David J Geslin CPA LTD

Posted in Accounting, Bookkeeping, Taxation

07/27/2018

Internet Sales Tax

Sales Tax Issues In a case with nationwide ramifications, on June 21st the US Supreme Court overturned the old Quill…  Keep reading

By David J Geslin CPA LTD

Posted in Accounting, Bookkeeping, Taxation

07/20/2018

IRS Unveils Draft Form 1040 ‘Postcard’ But Critics Are Not Impressed The new Form 1040 released by the Treasury Department…  Keep reading

By David J Geslin CPA LTD

Posted in Accounting, Taxation

07/15/2018

Why your business needs you to say no

Just Say No! Being open to new possibilities is a positive trait shared by most entrepreneurs—but saying yes to all…  Keep reading

By David J Geslin CPA LTD

Posted in Firm News

06/27/2018

Business mileage log requirements

Recent Court Case Illustrates that a contemporaneous mileage log is required.  • Edwards, T.C. Memo. 2018-44 Written contemporaneous mileage logs…  Keep reading

By David J Geslin CPA LTD

Posted in Firm News, Taxation

03/01/2018

Does “mindfulness” have a place in business?

According to Google, which offers employees a course on mindfulness meditation, and Lululemon, a company that keeps a Director of…  Keep reading

By David J Geslin CPA LTD

Posted in Firm News

02/13/2018

Bipartisan Budget Act of 2018

Bipartisan Budget Act of 2018 On February 9, 2018, the President signed into law H.R. 1892, the Bipartisan Budget Act…  Keep reading

By David J Geslin CPA LTD

Posted in Taxation

02/10/2018

2017 Tax Cuts Act: Pass-Through Income

Currently, owners of partnerships, S corporations, and sole proprietorships – as “pass-through” entities – pay tax at the individual rates,…  Keep reading

By David J Geslin CPA LTD

Posted in Firm News

02/05/2018

Tax Reform Guidance

 Tax Reform Guidance “Job One” At IRS  Implementing the new tax law will dominate the guidance landscape for 2018, practitioners…  Keep reading

By David J Geslin CPA LTD

Posted in Firm News

01/22/2018

Tax Cuts and Jobs Act

Re: 2017 Tax Cuts Act: What it Means For Individuals   The Tax Cuts and Jobs Act was signed by…  Keep reading

By David J Geslin CPA LTD

Posted in Firm News

12/28/2017

Is it better to buy or lease a company vehicle?

If you need a car to operate your business, you may wonder whether it makes more sense to purchase or…  Keep reading

By David J Geslin CPA LTD

Posted in Firm News, Taxation

12/26/2017

Year End Taxes – 2017

A new Tax Bill was introduced in early December and we can be sure of at least one thing: future…  Keep reading

By David J Geslin CPA LTD

Posted in Taxation