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.
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...
Transportation Service Providers Industry Guide – Minnesota Department of Revenue
Transportation Service Providers Industry Guide This information describes the sales and use tax topics related to the transportation service providers industry. Use the links in the Guide Menu to...
Special Local Taxes – Industry Guide – Minnesota Department of Revenue
The Minnesota Department of Revenue administers special local taxes in the following locations: Detroit Lakes Giants Ridge Recreation Area (city of Biwabik) Lake County Lake of the Woods County...
Soft Drinks and Other Beverages – Minnesota Department of Revenue
Minnesota sales tax applies to the sale of soft drinks. The food product exemption does not apply to soft drinks. Soft Drinks Soft drinks are nonalcoholic beverages that contain natural or...
Professional Services Industry Guide – Minnesota Department of Revenue
Most professional services are not taxable. However, sales of some products may be taxable. This information describes the sales and use tax topics related to professional services. Use the links in...
Prepared Food – Industry Guide – Minnesota Department of Revenue
Taxable Sales Prepared food is taxable. There are three separate ways that a food or drink item can become prepared food: The food or drink is sold in a heated state or heated by the seller,...
Photography and Video Production – Minnesota Department of Revenue
Photography This fact sheet will help to explain how Minnesota sales and use tax applies to photography and video production Taxable sales Taxable products include: Photos Videos Slides Film...
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.
