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.
Understanding Sales Tax on Pets and Pet Supplies in Minnesota
Understanding the taxability of Pets and Pet Supplies is important for businesses and individuals involved in the pet industry in Minnesota. Let's delve into the details and guidelines provided by...
Understanding Employee Meals and Free Meals in Minnesota: Tax Guidelines
It's crucial for businesses to understand how to properly handle taxes when it comes to employee discounts and providing complimentary meals. Let's delve into the details and guidelines provided by...
Sales Tax on Vending Machines and Amusement Devices in Minnesota
Understanding the taxable and non-taxable items sold through vending machines, as well as the taxability of various amusement devices, is crucial for business owners and individuals alike. Let's...
Sales Tax Guidelines for Sales to Government and Nonprofit Organizations in Minnesota
Let us provide the important information about the sales tax implications of selling food and beverages to government entities and nonprofit organizations. Understanding the taxability of such sales...
Sales Tax Guidelines for Pet Boarding and Grooming Services
Understanding the tax obligations associated with these services is crucial for businesses in the pet care industry. Let's delve into the details and provide you with valuable insights from the...
Taxation of Compressed Natural Gas (CNG) in Minnesota: What You Need to Know
If you're using compressed natural gas (CNG) as a propulsion fuel in a licensed motor vehicle in Minnesota, it's essential to understand its tax obligations. The Minnesota Department of Revenue...
Eating Establishments – Tips and Other Charges
When it comes to tips, service charges, and other charges in Minnesota, it's essential to understand the tax implications. The Minnesota Department of Revenue provides clear guidelines to ensure...
Eating Establishments – Restaurants, Food trucks, and Catering Sales – What Do You Need to Know About Taxes?
Taxes for eating establishments can be complex, and business owners in the food industry should consult with certified public accountants (CPAs), tax accountants, or accounting professionals...
Understanding Compliance Checks for Cigarette and Tobacco Retailers
Let us shed light on compliance checks that cigarette and tobacco retailers must follow, as highlighted by reputed accountants in Minneapolis: The main goal of compliance checks is to prevent...
Understanding the Sales and Use Tax of Alcoholic Beverages
When it comes to buying and selling alcoholic beverages in Minnesota, understanding the sales and use tax requirements is essential for both businesses and consumers. From the applicable tax rates...
Auto Mechanic Industry Guide – Nontaxable Transactions
Some transactions are exempt from Motor Vehicle tax depending on who purchases the vehicle, as listed in the table below. For these sales, you must keep on file Form PS2000, Application to...
Auto Mechanic Industry Guide – Taxable Sales
Some of the items and services used to repair motor vehicles are taxable, and some are exempt from sales tax. The taxability of a given item may depend on its exact use, the kind of business...
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.
