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.
Cryptocurrency and Accounting: Embracing the Digital Frontier
The Cryptocurrency Wave: A New Era for Businesses Cryptocurrency, once a niche interest, has surged into mainstream finance. Its decentralized nature and blockchain technology have brought...
Prudent Accountants: Your One-Stop Shop for Comprehensive Accounting Solutions
In the intricate world of accounting and finance, a multitude of roles exist, each with its own vital contributions to organizational success. Yet, these roles can often overlap, sometimes even...
Last Call for Nonprofits: File Your Returns Before It’s Too Late!
As the May 15th deadline approaches swiftly, it’s crucial for nonprofit organizations to ensure that their annual returns are filed and up to date. This blog serves as a final reminder and guide to...
The Secret Sauce: How Minnesota’s 75% Rule Shapes Prepared Food Sales
When it comes to navigating Minnesota's sales tax regulations, understanding the nuances can make a significant difference for businesses, especially those in the food industry. One such aspect that...
Embracing the Future: AI in Accounting and the Power of Personalized Service
In the age of digital transformation, Artificial Intelligence (AI) is rapidly reshaping industries and revolutionizing business operations. In accounting, AI technologies hold immense potential to...
Understanding the FTC’s New Ruling on Noncompetes
The Federal Trade Commission (FTC) has recently issued a ruling that changes the rules for noncompete clauses in employment contracts across the United States. This shift impacts both employers and...
Empowering Growth: How Outsourcing CFO Services Can Elevate Your Business
Financial management often grows more complex as small and medium-sized businesses expand. This critical stage is an opportune time to consider the benefits of an outsourced Chief Financial Officer...
Hotels and Other Lodging Establishments Industry Guide – Minnesota Department of Revenue
Sales – Lodging and Related Services Short-term lodging and related services are taxable. Lodging Rental Lodging is the rental of a room or rooms for a temporary place to stay or live....
Video Production Industry Guide – Minnesota Department of Revenue
Video Production This guide will help you determine which video products and services are taxable. There are many different kinds of video products and services, such as the following:...
Utilities Used in Production – Minnesota Department of Revenue
Utility Exemptions Agricultural and Industrial Production Electricity, gas, steam or water used or consumed in agricultural or industrial production is exempt from sales and use tax if: It is...
Use Tax for Individuals – Industry Guide – Minnesota Department of Revenue
Minnesota Use Tax applies when you buy, lease, or rent taxable items or services and the seller does not charge Minnesota Sales Tax. Individuals may buy up to $770 worth of taxable goods during the...
Use Tax for Businesses – Industry Guide – Minnesota Department of Revenue
Minnesota Use Tax applies when you buy, lease, or rent taxable items or services for your business and the seller does not charge Minnesota Sales Tax. Use tax complements and is similar to sales...
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.
