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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…
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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…
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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…
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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…
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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…
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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…
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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…
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Lodging Establishments

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…
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Video Production

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…
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Utilities Used in Production

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…
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Use Tax for Individuals

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…
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Use Tax for Businesses

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…
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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.…
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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…
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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.…
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