Category: Uncategorized

  • Economic Response Grant

    Small Businesses in Minnesota Can Access New Grant Funding From The Minneapolis Foundation Small businesses across the state of Minnesota now have an opportunity to secure financial relief through a newly launched economic response grant program from The Minneapolis Foundation. This initiative is designed to support businesses that have experienced operational disruptions in recent weeks…

  • IRS Issues Initial Guidance on New Trump Accounts for Children

    The IRS has released initial guidance on a new type of retirement-style savings account, the Trump Account. These accounts are designed to help eligible children begin building long-term savings early, with special rules that apply until the child reaches adulthood. Below is a summary of what families should know as this program takes shape. What…

  • What Every Trustee Needs to Know About Filing Trust Tax Returns

    Serving as a trustee carries both financial and legal responsibilities: including the proper filing of annual trust tax returns. Whether you’re managing a family trust, charitable trust, or estate, understanding your tax obligations is crucial to avoiding penalties and protecting the beneficiaries you serve. At Bayerkohler, Ltd. CPA, we specialize in simplifying complex trust tax…

  • Common Mistakes Businesses Make on Tax Returns and How to Avoid Costly Errors

    Every year, thousands of small businesses file their taxes with good intentions only to discover they’ve made errors that cost them money, trigger audits, or delay refunds. Whether you run a small family-owned shop or a growing corporation, avoiding these common mistakes can make a major difference come tax season. At Bayerkohler, Ltd. CPA, we’ve…