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CLIENT MEMO
September 2015                  Published for the confidential use of clients and professional associates.
CORNERSTONE HELPS CLIENTS ACHIEVE ESTATE PLANNING GOALS 
By Chad Halbur
 
Cornerstone is a boutique trust company that works with clients to help implement their estate planning goals and transition wealth from one generation to the next.  Read more...
DEDUCTING AND CAPITALIZING BUSINESS EXPENSES UNDER NEW TANGIBLE PROPERTY RULES
By Corey Edmunds
 
The IRS issued tangible property regulations that are effective for all tax years after December 31, 2013. The following clarifies when you can deduct amounts paid to acquire, produce, or improve tangible property and when those amounts must be capitalized.  Read more...
CAN YOU AFFORD TO SELL TO YOUR EMPLOYEES?
By Scott Nordeen
 
Business owners often tell us that, in an ideal world, they would sell their businesses to their best, most loyal, and/or most ambitious employees.  Read more...
MINNESOTA'S NEW LLC ACT
By Roben D. Hunter, JD, CPA, CVA, MAFF
 
Minnesota's new statute governing limited liability companies ("LLC") became effective August 1, 2015. All LLCs that are organized after that date will fall under the new Chapter 322C of the Minnesota Statutes ("New Act").  Read more...
IMPORTANT TAX RETURN DUE DATE CHANGES
By Angela Wood
 
On July 31, 2015, President Obama passed a law (Surface Transportation and Veterans Health Care Choice Improvement Act of 2015) that contained important tax return due date changes.  Read more...
NEW EMPLOYEE BIOS AND CONGRATULATIONS
 
 
TAX CALENDAR
 
CONTACT US
  
Bloomington office:
4470 W 78th St Circle Suite 200
Bloomington, MN 55435
952-844-2500
  
St. Paul office:
332 Minnesota Street Suite E-1100
St. Paul, MN 55101
651-227-9431
  
Sauk Centre office:
512 Main Street S
Sauk Centre, MN 56378
952-844-2518