2025 Minnesota Unemployment Insurance Tax Rate Increase: What Employers Need to Know Minnesota employers will see a change in their unemployment insurance (UI) tax rates starting in 2025. This increase is part of the state’s efforts to replenish the UI trust fund after significant pandemic-era claims and ensure long-term stability of the system.   What’s Changed? Base UI Rate increased from 0.1% to 0.4% in 2025. Experience-rated employers may now see rates ranging from 0.4% t...More

2025 Business Tax Breaks: Maximize Deductions with Section 179 and R&D Expensing As the 2025 tax year kicks off, businesses can take advantage of new and expanded federal tax deductions designed to encourage investment and innovation. These updates to Section 179 expensing, bonus depreciation, and R&D deductions offer significant opportunities for reducing taxable income. Section 179 Expensing Limit Increased Beginning January 1, 2025: Maximum Deduction: $2.5 million Phase-Out T...More

No More IRS Paper Refund Checks Starting October 2025 What Every Taxpayer Needs to Know Starting October 1, 2025, the IRS will officially stop mailing paper checks for tax refunds. This change affects all refunds issued after that date — including those from 2024 returns, amended returns, and older refunds still pending in the fall of 2025. Why Is the IRS Making This Change? The IRS is modernizing its refund process for several key reasons: Cost Efficiency: Paper checks are ...More