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    • Individual Tax Updates
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    • COVID-19
    Business owners, lean into sales staff retention
    • May 18
    • 2 min

    Business owners, lean into sales staff retention

    Although there have been some positive signs for the U.S. economy thus far in 2022, many businesses are still reeling from last year’s...
    The tax rules of renting out a vacation property
    • May 18
    • 3 min

    The tax rules of renting out a vacation property

    Summer is just around the corner. If you’re fortunate enough to own a vacation home, you may wonder about the tax consequences of renting...
    Fully deduct business meals this year
    • May 18
    • 3 min

    Fully deduct business meals this year

    The federal government is helping to pick up the tab for certain business meals. Under a provision that’s part of one of the COVID-19...
    Tighten up billing and collections to mitigate economic uncertainties
    • May 18
    • 2 min

    Tighten up billing and collections to mitigate economic uncertainties

    While many economic indicators remain strong, the U.S. economy is still giving business owners plenty to think about. The nation’s gross...
    Prudent technology upgrades call for some soul searching
    • Mar 22
    • 3 min

    Prudent technology upgrades call for some soul searching

    By now, most business owners view technology upgrades as inevitable. Whether hardware or software, the tech your company relies on to...
    The Ins and Outs of IRAs
    • Mar 22
    • 3 min

    The Ins and Outs of IRAs

    Traditional IRAs and Roth IRAs have been around for decades and the rules surrounding them have changed many times. What hasn’t changed...
    Help safeguard your personal information by filing your 2021 tax return early
    • Feb 9
    • 2 min

    Help safeguard your personal information by filing your 2021 tax return early

    The IRS announced it is opening the 2021 individual income tax return filing season on January 24. (Business returns are already being...
    Will the standard business mileage rate go up in 2022? Yes!
    • Feb 9
    • 2 min

    Will the standard business mileage rate go up in 2022? Yes!

    After two years of no increases, the optional standard mileage rate used to calculate the deductible cost of operating an automobile for...
    Let your financial statements guide you to optimal business decisions
    • Feb 9
    • 3 min

    Let your financial statements guide you to optimal business decisions

    Now that 2022 is up and running, business owners can expect to face a few challenges and tough choices as the year rolls along. No matter...
    Smooth sailing: Tips to speed processing and avoid hassles this tax season
    • Feb 9
    • 2 min

    Smooth sailing: Tips to speed processing and avoid hassles this tax season

    The IRS began accepting 2021 individual tax returns on January 24. If you haven’t prepared yet for tax season, here are three quick tips...
    Business owners, do you need to step up your internal communications game?
    • Jan 19
    • 3 min

    Business owners, do you need to step up your internal communications game?

    They say we live in an on-demand world. Right now, many business owners are demanding one thing: more workers. Unfortunately, the labor...
    2022 Q1 tax calendar: Key deadlines for businesses and other employers
    • Jan 19
    • 2 min

    2022 Q1 tax calendar: Key deadlines for businesses and other employers

    Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2022. Keep in mind...
    Could an FLP fit into your succession plan?
    • Jan 6
    • 2 min

    Could an FLP fit into your succession plan?

    Among the biggest long-term concerns of many business owners is succession planning — how to smoothly and safely transfer ownership and...
    Providing a company car? Here’s how taxes are handled
    • Dec 30, 2021
    • 2 min

    Providing a company car? Here’s how taxes are handled

    The use of a company vehicle is a valuable fringe benefit for owners and employees of small businesses. This perk results in tax...
    Review your strategic plan … and look ahead
    • Dec 30, 2021
    • 2 min

    Review your strategic plan … and look ahead

    Business owners, year end is officially here. It may even be over by the time you read this. (If so, Happy New Year!) In any case, the...
    IRS announces adjustments to key retirement plan limits
    • Dec 13, 2021
    • 2 min

    IRS announces adjustments to key retirement plan limits

    In Notice 2021-61, the IRS recently announced 2022 cost-of-living adjustments to dollar limits and thresholds for qualified retirement...
    With year-end approaching, 3 ideas that may help cut your tax bill
    • Dec 13, 2021
    • 2 min

    With year-end approaching, 3 ideas that may help cut your tax bill

    If you’re starting to worry about your 2021 tax bill, there’s good news — you may still have time to reduce your liability. Here are...
    The tax implications of owning a corporate aircraft
    • Dec 13, 2021
    • 3 min

    The tax implications of owning a corporate aircraft

    If your business is successful and you do a lot of business travel, you may have considered buying a corporate aircraft. Of course, there...
    4 red flags of an unreliable budget
    • Dec 6, 2021
    • 2 min

    4 red flags of an unreliable budget

    Every business should prepare an annual budget. Creating a comprehensive, realistic spending plan allows you to identify potential...
    New digital asset reporting requirements will be imposed in coming years
    • Dec 6, 2021
    • 3 min

    New digital asset reporting requirements will be imposed in coming years

    The Infrastructure Investment and Jobs Act (IIJA) was signed into law on November 15, 2021. It includes new information reporting...
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    215 Highway 55 East #306
    Buffalo, MN 55313
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    Fax 763-682-1880

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    3020 Harbor Lane N. #100
    Plymouth, MN 55447
    Phone                       
    Fax 763-404-8618

      Plymouth
     

    763-424-8261

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