INSIGHTS
Small business financial strategy, without the finance-speak.
Bookkeeping best practices, tax planning that keeps money in your business, payroll compliance, and fractional CFO thinking. The small business accounting blog is written by the team that handles this work for businesses every day, in plain English, without the fluff.
Choosing the Right Accounting Method: Accrual vs. Cash Accounting
Is your business using the best accounting method for its financial health? Many small business owners and entrepreneurs overlook the significance of their chosen accounting method, yet it...
Avoiding Common Mistakes in the Food & Retail Industries: Expert Tips for Success
Did you know that nearly 60% of new businesses in the food and retail industries fail within their first three years? This startling statistic underscores the importance of understanding and...
Decoding Business Structures: Which Entity is Right for Your Business?
Choosing the right business entity is a critical decision that can have far-reaching implications for your business. From taxation to liability to day-to-day operations, the type of business entity...
Navigating the Labor Crunch: Strategies for Retail and Restaurant Success
The retail and restaurant industries are currently facing an unprecedented labor shortage. From bustling urban centers to suburban strip malls, businesses are struggling to find and retain the staff...
Maximizing Retirement Savings with SIMPLE IRAs: How SECURE 2.0 Benefits You and Your Business
Retirement planning can be a complex yet crucial aspect of financial management, especially for small businesses and their employees. Among the various retirement savings options, SIMPLE IRAs have...
Understanding the Proposed Labor Standards Board: What Minneapolis Restaurant Owners Need to Know
Background on the Proposed Labor Standards Board Minneapolis is considering the establishment of a Labor Standards Board. This proposal has generated much discussion among local business owners,...
Mastering Financial Management: The Key to Business Success
Managing finances effectively is crucial for any business aiming to thrive in today’s competitive landscape. Financial management impacts every aspect of a business, from daily operations to...
Navigating Minnesota’s New Worker Misclassification Laws: What Businesses Need to Know
The Importance of Proper Worker Classification In Minnesota, the landscape of worker classification has significantly changed with new laws that impose strict penalties for misclassifying employees...
Weathering the Storm: Essential Disaster Preparedness Tips for Your Business
In an era where natural disasters and severe weather events are becoming increasingly frequent and unpredictable, businesses must be more prepared than ever. Financial resilience and a robust...
Understanding the Taxability of Nutritional Supplements for Chiropractors
For chiropractors, knowing the taxability of the products they sell is crucial. One common product category that often causes confusion is nutritional supplements. Here's what you need to know:...
Efficient Management of Accounts Payables and Accounts Receivables: A Guide for Small Businesses
The Backbone of Business Financial Health In the dynamic landscape of small business operations, the concepts of accounts payables (AP) and accounts receivables (AR) serve as fundamental pillars...
Navigating New Legislation Impacting Minnesota’s Hospitality Industry in 2024
As 2024 unfolds, Minnesota's hospitality industry faces a dynamic and evolving legislative landscape. Staying informed and proactive is essential for businesses to remain compliant and strategically...
Wondering what any of this looks like for your business?
The articles cover the general principles. Every business has specific details. If you’d like to bring yours to a 30-minute conversation, we’ll listen first, then only recommend what actually fits.
