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.
Navigating Minnesota’s New Business Laws: Essential Updates Effective August 1, 2024
As of August 1, 2024, several new laws have taken effect in Minnesota that directly impact businesses across the state. Whether you're a small business owner or managing a large enterprise,...
How CPAs Can Help Restaurants and Retailers Save Thousands: A Must-Read Guide for Business Owners
Running a restaurant or retail business is no easy feat. With razor-thin profit margins, fluctuating costs, and complex tax requirements, it's essential to manage every dollar effectively. This is...
Top 6 Essential Questions Small Business Owners Should Be Asking Their Accountants
Running a small business involves juggling numerous responsibilities, and managing finances is one of the most crucial. A well-structured financial strategy can be the difference between success and...
S Corporation vs. Single-Member LLC: Which Tax Structure is Best for Your Business?
As a small business owner or entrepreneur, choosing the right tax structure is crucial for optimizing your financial benefits and minimizing liabilities. Two popular options are the Single-Member...
Mastering KPIs: Essential Metrics Every Business Should Track for Success
The Importance of Measuring Performance In today’s data-driven business landscape, Key Performance Indicators (KPIs) have become indispensable tools for measuring and guiding success. A survey by...
Unlock Financial Success: How Outsourced CFO Services Can Help Your Restaurant Save Money
Running a restaurant is a labor of love, but it comes with unique financial challenges. With high overheads, slim profit margins, and seasonal fluctuations, managing finances can be a daunting task....
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,...
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.
