Newsletter & Hot Topics   We here at Lawrence Cumpston & Associates, PLLP feel that an informed client is our best customer. We know that there is a lot of information on the Internet and it can be tough to determine what is valuable. That is why we have selected the following articles for you to view. We have currently added a link to view our newsletter "TAX & BUSINESS ALERT" via our website.  Please click on the icon below to view the monthly newsletter.   Click on Icon to see what's NEW! SALES AND USE TAX MINNESOTA Minnesota State general sales and use tax rate is 6.875% in addition you may be affected by local sales tax in your area.  The tax applies to the same items that are taxed by Minnesota Department of Revenue sales and use tax laws.  For further information visit  MN Department of Revenue website or please contact us at 651-227-2333 and we can further advise you.  SOUTH DAKOTA South Dakota sales and use tax rate is 4.00% plus applicable municipal tax.  For additional information regarding the rates for your area visit South Dakota Department of Revenue. WISCONSIN Wisconsin sales and use tax rate is 5.00% plus county or stadium tax.  For further information regarding sales and use tax visit Wisconsin Department of Revenue or click here to look up your tax rate by zip code.   HOT TOPICS !

Retaining Tax Information and Records Retaining and storing your income tax information and records is an important final step of your tax filing responsibility. This article contains information on the rules for keeping your tax records.   Borrowing from Your 401(k) Plan Individuals who participate in a 401(k) plan sometimes borrow from their plan.   Working May Decrease Your Social Security Benefits Many taxpayers currently underemployed due to recent economic conditions may consider applying for social security retirement benefits earlier than they previously planned to supplement their income. But, continuing to work while receiving those benefits may cause their benefits to be reduced below the anticipated amount.