Articles and Publications

A library of topical publications and articles written by CCM team members specifically for our clients.

Reasons to Sell(ebrate)

Adam Hoffmann, CFP^®, AIF^®
Chief Investment Officer

Back in November, when the weather was warmer and the world was a bit more open, I hosted a gathering in my backyard to celebrate the 40th birthdays of two of my closest friends. As a part of the evening’s festivities, we all gathered around the roaring fires and each guest took a turn sharing a nugget of wisdom or lesson learned over the course of their ever-changing life. Some were funny enough to bring people to the edge of tears, while others were heartfelt and emotional enough to take some ... [Continue Reading]

New Tax Election Available to Minnesota Business Owners

Kevin Koski, CPA
Principal Tax Advisor

In July, Minnesota joined at least 15 other states by enacting a new pass‐through entity tax election available to business entities taxed as S Corporations or Partnerships. The pass‐through entity tax election is effective for tax years beginning in 2021, and allows qualifying business entities to pay state income taxes on the business income to Minnesota at the entity level rather than at the individual level. Why Would a Business Entity Make the Election? The new law serves as a ... [Continue Reading]

Tax Projections: A Wise Year-end Opportunity

Kevin Koski, CPA
Principal Tax Advisor

As we approach the end of the year, it is a great time to evaluate your tax situation—both for this year and next. A crucial step in the evaluation process is having a tax projection completed. A tax projection is the process of preparing a pro-forma tax return based on actual year-to-date information and on forecasted information for the remainder of the year. In times such as the past several years where we’ve experienced complex and ever-changing tax laws, a projection also allows for careful ... [Continue Reading]

When Is It Time to Update Your Estate Plan?

Dan Edwards, CPA
Director of Estate Planning

The taxation of estates is in the headlines again as President Biden and several members of congress have introduced proposals to change the law. Possible changes have included a reduction of the estate exemption from $11,700,000 to $3,500,000; increasing the top estate tax rate from 40% to 45%; taking away the basis step up at death for individuals with gains exceeding $1,000,000; and eliminating or significantly changing strategies involving trusts and the use of discounts in transactions with ... [Continue Reading]

Portfolio Management—Beyond the Returns

Adam Hoffmann, CFP^®, AIF^®
Chief Investment Officer

The shifting from summer to fall always fills me with an urge to prepare. It’s not necessarily clear what I’m preparing for, but slowly darkening days, cooling temps, and seeing the harvest being brought in across the farms in our area triggers something deeply rooted inside me to know that change is on the horizon and it’s time to get ready. Professionally, there is a similar change in focus that occurs as October comes around, but, fortunately, the cause of this shift is more clearly ... [Continue Reading]