Beginning January 1, 2020, Minnesota will have an increase in the minimum wage.
* Large employers (gross revenues of $500K and more) must pay at least $10/hour
* Small employers (gross revenues less than $500K) must pay at least $8.15/hour
* The training wage, $8.15/hour, may be paid to employees younger than 20 years of age for the first 90 consecutive days of employment.
* The youth wage rate, $8.15/hour, may be paid to employees younger than 18 years of age.
As of October 1, 2019, Duluth will have an increase in the City percentage of the sales tax rate. It will be increased from 1% to 1.5%.
Regular sales tax will increase from 8.375% to 8.875%
Restaurant (food) rate will increase from 10.625% to 11.125%
Restaurant (alcohol) rate will increase from 13.125% to 13.625%
If you use Square or any other mobile app that includes sales tax, remember to make adjustments to the settings.
Dear Clients, Family & Friends:
Exciting news! We LOVE our new home, we hope you will too. We are now located in the Spirit Valley Mall (near the old Kmart, in between Cost Cutters and Soul Sisters). We now have a parking lot with lights and no meters! No need to drive around to find a parking spot to come see us anymore.
We would like to take a moment and introduce you to our team. Some you may know, others are new. We are one big, crazy family.
Deni Lorenzi – Boss Lady & Enrolled Agent – What is an Enrolled Agent? It means she gets the privilege to talk to the IRS whenever they call. She gets to have all the fun 😊
John Ludwig - Tax Professional - John is our newest tax professional. He comes to us with nine years of tax experience and is an AFSP (annual filing season participant). John has taken on the challenge of learning bookkeeping and is working with some of our newer clients. John is a tax geek and is available for any and all tax questions, BRING THEM ON!
Sheri Murray - Office Manager – Sheri keeps the office running and handles a list of bookkeeping clients; however, she is always available for questions. She is still our go-to girl to get things done (and keep Deni on task).
Skye - Office Manager in Training - Skye is Sheri’s daughter and comes in occasionally to do random tasks around the office.
Dina Suwanski - Administrative Assistant - Dina is generally the one you will hear on the phone and is responsible for all aspects of tax return processing. Give her a call or email if you want your 2018 tax organizer. 218-464-1510 email@example.com
DJ (Diane Johnson) - Tax Professional - DJ works with our drop off and mail-in returns. She has branched out and has started working on bookkeeping for some of our smaller clients.
Crystal Loree - Tax Professional - Crystal not only does tax returns she also does bookkeeping for many of our clients. She teaches QuickBooks to small businesses and is a Notary.
Robin Friermood - Payroll Specialist - Robin is in charge of our payroll department. This includes payroll processing, W-2’s, 1099’s, and workers comp audits.
Visit our website www.serenityduluth.com, we have recently updated the site to better serve you! You can request a tax appointment or tax organizer on our website as well as see all the other services that we offer. Of course, you can always call us.
On to tax news
In December 2017 there was a major tax law change. Over the course of 2018, we received clarifications and training on this law and how it affects you, our clients. In order to alleviate some anxiety that you might be experiencing, we have made a list of the most common changes that our clients may see. This is only a partial list of changes to the tax code. There are many more changes that are not as common and therefore not listed. Please feel free to contact us for any individual questions you may have.
With all the changes being made to the Federal and State tax laws, we have attended many seminars to better understand the nuances of these changes. We are here to serve you in the best way possible. Please feel free to contact us with any questions you may encounter, and we will see you at your tax appointment!
Side note, if you receive the Earned Income Credit (EIC) or the Additional Child Tax Credit (ACTC), the IRS will NOT release refunds until after February 15th, the IRS cautions that the refunds won’t arrive in your bank accounts (if direct deposited) until the week of February 27th, at the earliest.
For tax year 2018 and forward; in order to protect your identity, the IRS is requiring you to provide identification such as your driver’s license for you and your spouse (if married). We will need to see the Social Security card for all members on your tax return. This is so that the IRS can help prevent identity theft. This will be required of all our new tax clients. If we don’t already have copies of your information in the file, we will request it. Please have your documentation available at your appointment.
Beginning January 28th, our office hours will be 8:30am to 8pm Monday through Thursday and 8:30am to 5pm on Friday and Saturday. We have many day and evening appointments available. The first appointments will start at 9am and the last appointments will be at 7pm Monday-Thursday. Friday and Saturday appointments will start at 10am, the last appointments will be at 4pm. You can also drop off, US Mail, or email your tax information to us as well.
This year, we would like to touch base with everybody. Even if you mail or drop off your tax information, we will be setting an appointment for a phone conference, at your convenience. Please allow 30 – 60 minutes for this call, we want to make sure that we are getting all of the necessary information.
In addition to our tax prep services, we offer full-service bookkeeping and full-service payroll. Give us a call if you or someone you know is interested or in need of our other services!
We also prepare small S-Corp, Partnership and Non-Profit tax returns. Business taxes have changed as well, and we are also looking at how this affects you as the taxpayers. The deadline for filing these tax returns is March 15th, 2019. A six-month extension can be filed -- the final deadline to get the tax return completed is September 16th, 2019.
The deadline to file and pay your personal taxes is April 15th, 2019. You can file for an extension however; your tax payments are still due April 15th, 2019. If payment is made after this date, a late fee will be assessed. The final deadline, after filing the six-month extension, is October 15th, 2019.
If you make estimated payments during the year, they are due:
Unfortunately, with all the tax law changes our prices needed to change as well. Our base price will now be $140 (up from $125) this includes your federal return, one state and e-filing. This price does not include any additional forms that you may need, such as; Schedule A (Itemizing), Schedule D (Stock Sales), Schedule C (Business) and others. We realize that tax time can be stressful for everyone. We will do our very best to help keep your cost as low as possible. If you compare our prices with others in our local market, you will find that not only are we competitively priced, but the peace of mind you get from our team is invaluable.
We are looking forward to seeing you all and we wish everybody a great holiday season!
Deni Lorenzi, E.A. and Staff
Here is a reminder from MN Dept of Revenue regarding scam calls.
Protect yourself from tax scamsMinnesota Department of Revenue sent this bulletin at 12/10/2018 01:32 PM CST
As the income tax filing season approaches, the Minnesota Department of Revenue warns you to beware of scams attempting to steal your personal information.
What do I need to know?
Individuals or organizations may falsely represent themselves as being from the department. Use caution and never provide personal information unless you are sure the situation is legitimate.
When we contact you by phone, mail, or email, we will never:
What if I receive a suspicious phone call or letter?
If you are concerned about a possibly fraudulent contact from someone claiming to be from the department, call us at 651-296-3781 or 1-800-652-9094 (toll-free). We can determine if the contact you received was legitimate.
What if I receive a suspicious email?
We will never ask you to provide, update, or verify personal information if you did not previously email us. Do not respond to such emails, and contact us with questions or concerns.
Phishing (as in “fishing for information” and “hooking” victims) is a scam involving emails sent to trick you into revealing personal and financial information. When you send scammers this information, they can use it to steal your identity.
Welcome December to our 2018 year. Thank you so much for being part of such an amazing year. Reminder we are taking appointments for 2018 Tax Season already. Call today to reserve your appointment. We have three amazing tax professionals this year that are trained and ready to assist you. Deni, our fearless leader and EA, Crystal the can do gal, and John our newest edition as our Tax Nerd. John lives and breaths the tax world and is ready to research anything that is thrown at him.
Our Tax season hours will be from 8 am to 8 pm for your convenience.
Is your business ready for a change of payroll and bookkeepers. We can help with that as well. We are accepting new clients give us a call for a consult today. 218-464-1510
We give thanks for this past year for our families, clients and friends.
We will be closed on Thursday November 22 and Friday November 23.
Reminder for payroll processing we will need your information by Monday November 19th by 5 pm.
Thank you all for a great year and may your holidays be filled with much gratitude for all the work you do all year long.
While the boss was away at training, Jackolyn the Jack-o-Lantern your payroll specialist & Llerleen the Llama your bookkeeping wizard were here holding down the fort.
We boxed it all up and moved down to West Duluth. 215 N Central Ave Ste 9, Duluth MN 55807. "You know where the old Kmart used to be", we are in that shopping center. Larger space, everyone has their own offices. We offer an art gallery of some our clients works. Check out our facebook for photos.