Bennett & Company PC

Bennett & Company PC Big firm capability, small firm personality.

We are proud to support students in our community!
03/14/2026

We are proud to support students in our community!

Heads up, Minnesota employers! ⚠️ The state's new Paid Family and Medical Leave (PFML) program begins January 1, 2026, a...
12/11/2025

Heads up, Minnesota employers! ⚠️ The state's new Paid Family and Medical Leave (PFML) program begins January 1, 2026, and will require a new payroll deduction. Employers may withhold a maximum of 0.44% of an employee's wages to fund their portion of the premium. However, employers may also choose to cover a larger share themselves. Employees must be notified of this new deduction as soon as possible. πŸ“

Premium payments are due quarterly, with the first payment due on April 30, 2026.

There are a few additional steps employers must complete before the new year to ensure compliance with this program. Find out how to prepare here: https://bit.ly/44pNwZz

Employees who work overtime, take note:  The One Big Beautiful Bill Act lets you deduct up to $12,500 of qualified overt...
11/25/2025

Employees who work overtime, take note: The One Big Beautiful Bill Act lets you deduct up to $12,500 of qualified overtime pay ($25,000 for joint filers) from your taxable income in 2025. πŸ’‘ Be sure to keep or obtain one of the following documents to take advantage of this new deduction:

πŸ“„ Employer statement showing total qualified overtime compensation
🧾 Final 2025 pay stub with regular wages and overtime breakdown

Keep in mind, this new deduction is not a full tax exemption. Overtime pay is still subject to income tax withholding and F**A.

For any questions, reach out to us: https://bit.ly/3M2itN6

As we wrap up another tax season, we want to extend a sincere THANK YOU to our incredible clients for your continued tru...
04/15/2025

As we wrap up another tax season, we want to extend a sincere THANK YOU to our incredible clients for your continued trust and partnership. πŸ™ Your support makes our work meaningful! We’re grateful to be part of your financial journey and look forward to continuing to serve you in the future.

Important update for taxpayers! 🚨 President Trump has signed an executive order to phase out paper checks for government...
04/02/2025

Important update for taxpayers! 🚨 President Trump has signed an executive order to phase out paper checks for government disbursements by September 30, 2025, and transition to electronic payments only. This includes tax refunds and Social Security payments. As of now, payments made after that date will be sent via direct deposit, debit/credit cards, or digital wallets, with limited exceptions. πŸ’³

Need assistance navigating these changes? Contact us here: bit.ly/3nk5zhu.

It's that time of year! πŸ—“οΈ Existing Bennett & Company clients can get a jumpstart on their 2024 tax returns by completin...
01/15/2025

It's that time of year! πŸ—“οΈ Existing Bennett & Company clients can get a jumpstart on their 2024 tax returns by completing our downloadable tax organizer. Click the link to access the fillable PDF: bit.ly/3NW7Sl5

Please note: To ensure we continue providing exceptional service to our existing clients, we are currently accepting new clients by referral only.

The end of the year is quickly approaching. πŸ—“οΈ If you're looking to maximize your tax savings for 2024, here are some sm...
11/14/2024

The end of the year is quickly approaching. πŸ—“οΈ If you're looking to maximize your tax savings for 2024, here are some smart moves to consider before December 31:

πŸ’° Increase or max out your 401(k) or IRA contributions.
🎁 Make charitable donations to qualified organizations.
πŸ₯ Contribute to your HSA if you have a high-deductible health plan.
πŸ“‰ Review investments and consider selling losing stocks to offset capital gains.
🌱 Invest in energy-efficient home improvements that qualify for federal tax credits.

Each of these strategies is best done with the guidance of a tax advisor, and we're here to help you make the most of your year-end planning. Contact us here: https://bit.ly/3AigaNz

Have you heard? πŸ“’ The Department of Labor and Industry announced this week that Minnesota's minimum wage will increase t...
08/28/2024

Have you heard? πŸ“’ The Department of Labor and Industry announced this week that Minnesota's minimum wage will increase to $11.13/hour starting on January 1, 2025. This applies to all employees, including those working for small businesses, employees under the age of 18, and domestic workers. πŸ› οΈ

Our payroll team is here to help you navigate this change and ensure your business stays compliant. βœ… Contact our payroll specialist, Sheryl, at 651-688-8604 with any questions.

It's almost time to head back to school! πŸŽ’ Parents, did you know that certain education-related expenses qualify for the...
08/13/2024

It's almost time to head back to school! πŸŽ’ Parents, did you know that certain education-related expenses qualify for the K-12 Subtraction and Credit on your Minnesota state income taxes? Eligible expenses include:

✏️ School supplies such as textbooks, notebooks, pens, pencils, and art materials
🚍 Field trip fees
🎺 Musical instrument rentals
πŸ“š Non-religious home school materials

Be sure to save your receipts and records, and reach out to us with any questions at 651-688-8604.

πŸ“£ Heads up, small business owners: The Corporate Transparency Act, which went into effect earlier this year, now require...
06/24/2024

πŸ“£ Heads up, small business owners: The Corporate Transparency Act, which went into effect earlier this year, now requires most businesses to file a Beneficial Ownership Information report identifying individuals who own or control the company with the U.S. Department of the Treasury. This requirement includes LLCs and corporations and must be completed by January 1, 2025. Failure to comply could result in hefty fines and even criminal penalties. ⚠️

If you have questions about this new requirement or need help completing your report, we'd be happy to help. Contact us at 651-688-8604. πŸ“ž

You may not be thinking about taxes this summer, but we are! 🌞 As a reminder to our valued clients, complimentary tax pl...
06/07/2024

You may not be thinking about taxes this summer, but we are! 🌞 As a reminder to our valued clients, complimentary tax planning is included with your annual tax prep fee. Let’s review your financial goals and tax strategies now to avoid surprises later. πŸ“ Click here to book an appointment with us: https://bit.ly/3AigaNz

Address

3459 Washington Drive, Suite 204
Eagan, MN
55122

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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