ALERT!!!! You could get an unexpected tax bill or a refund for 2017 or 2018 from Minnesota Revenue! Minnesota Legislature’s 2019 Special Session partially conformed Minnesota tax law to 2017 federal tax law. Retroactively! The Minnesota legislature has a hard…
The IRS has launched a special campaign encouraging taxpayers to perform a “paycheck checkup” to ensure the right amount of tax is being withheld from their paychecks for 2019. This is particularly important given changes implemented by the Tax Cuts…
A Rumor is Floating: Did our Whippersnapper Legislators in St Paul Decide to Conform to Federal Tax Law? In 2017, Congress and President Trump passed the Tax Cuts and Jobs Act of 2017 (TCJA). It dramatically changed the definition of…
LB Carlson was involved throughout the entire process including; initial valuation and assessment of investment opportunity, Letter of Intent negotiations, preparation of financial projections, due diligence, financing assistance, review of definitive agreements, structuring, general consultation and advisory to John Roberts…
Ask many entrepreneurs and small business owners to show you their financial statements and they’ll likely open a laptop and show you their bookkeeping software. Although tracking financial transactions is critical, spreadsheets aren’t financial statements. In short, financial statements are…
The Research and development (R&D) tax credit is a permanent fixture in the tax code. Some estimates put the amount of credit claimed at over $13 billion annually. This credit was established by congress to encourage business innovation, process improvement…
It’s not just businesses that can deduct vehicle-related expenses. Individuals also can deduct them in certain circumstances. Unfortunately, the Tax Cuts and Jobs Act (TCJA) might reduce your deduction compared to what you claimed on your 2017 return. For 2017,…
We are pleased to announce the following promotions to Principal at LB Carlson: Dan is a leader in the Minneapolis office attest department providing outstanding client service and creative solutions that contribute to the success of our clients. His dedicated…
Speaker Mel Enger, LB Carlson: Planning for Profits on What You Have
Mel is the president of LB Carlson, and the managing partner of the Minneapolis office…
The Tax Cuts and Jobs Act made major changes to the tax code including a new deduction for business to take a 20% deduction on Qualified Business Income. For many operating businesses it is pretty straight forward as to whether…
What’s all the hype about this new tax law? The Tax Cuts and Jobs Act of 2017 encompassed many federal tax law changes that will affect your 2018 tax filings. A highlight of some changes include: Higher standard deductions…
On October 25th, LB Carlson was a sponsor for the MPMA Manufacturing/NEXT 2018 meeting featuring Titon Gilroy as the keynote speaker. His powerful message was “Inspiring the Next Generation of Manufacturers” by engaging the younger generation through the utilization of…
We attended the Minnesota Multi Housing Association’s Convention Products Show on October 9, and this year’s theme was “Game On!”. Attendees stopped by our booth and had fun playing a bags game in order to win a drink ticket. We…
As a long tenured employee at our firm it might be understandable that our recent rebranding has been somewhat emotional for me. In July, we renamed the firm LB Carlson in honor of our founding partner, Lawrence (Lary) B. Carlson….
Carlson Advisors, LLP Announces Name Change and Move of Minneapolis Location Effective July 1, 2018, we are changing our name to LB Carlson, LLP. The name LB Carlson was selected in honor of the firm’s founder Lawrence ‘Lary’ B. Carlson….