News + Insights

For business owners, succession planning is ideally a long-term project. You want to begin laying out a smooth ownership transition, and perhaps grooming a successor, years in advance. And you shouldn’t officially...

During these difficult times of the Coronavirus pandemic, there has been a lot of discussion about the different government programs available to help small businesses weather the storm. However, there...

Recency bias has crept into many conversations. Recency bias says that what we see going on around us most recently weighs most heavily in our assumptions of the future. The...

In my 20-year IT career, I have witnessed a common cultural trait across most organizations; embracing technological change is difficult. However, with the current Coronavirus pandemic, companies have been forced...

The economic impact of the novel coronavirus (COVID-19) is unprecedented and many taxpayers with student loans have been hard hit. The Coronavirus Aid, Relief and Economic Security (CARES) Act contains...

In response to the article written by Calvin Shannon, CPA, CVA, Principal at Bridge West LLC, and Nicholas J. Richards, Esq., Partner at Greenspoon Marder LLP, and published by the NCIA, Bridge West...

Earlier today the Small Business Administration (SBA) released information about how it will review borrowers’ required good-faith certification concerning the necessity of their PPP loan request. The SBA states that...

Do you want to save more for retirement on a tax-favored basis? If so, and if you qualify, you can make a deductible traditional IRA contribution for the 2019 tax...

I recently attended an informative virtual town hall presented by the Minnesota Trucking Association.  This event allowed attendees to hear updates from Minnesota agencies on recent actions that impact the trucking...

Today, May 7, 2020 NCIA published an article co-authored by Bridge West Principal Calvin Shannon. They explain recent findings regarding new tax rules and how they affect the cannabis industry....

There is an old saying in the accounting world that goes, “If you don’t know what your costs are, you will pretty soon.” That is what is going on with...

A natural place to turn when disaster strikes is insurance. The very reason you pay premiums and deal with the paperwork is to have these risk management policies in place...

The law providing relief due to the coronavirus (COVID-19) pandemic contains a beneficial change in the tax rules for many improvements to interior parts of nonresidential buildings. This is referred...

On December 20, 2019, President Trump signed the 715-page Further Consolidated Appropriations Act, which included a clever combination of words to produce the “Setting Every Community Up for Retirement Enhancement”...

On December 20, 2019, the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) was signed into law. This new law impacts 401(k) plans, college 529 plans,...