Prudent Resources

Retailers

Understanding Compliance Checks for Cigarette and Tobacco Retailers

Let us shed light on compliance checks that cigarette and tobacco retailers must follow, as highlighted…
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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…
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Auto Mechanic

Auto Mechanic Industry Guide – Nontaxable Transactions

Some transactions are exempt from Motor Vehicle tax depending on who purchases the vehicle, as listed…
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Auto Mechanic

Auto Mechanic Industry Guide – Taxable Sales

Some of the items and services used to repair motor vehicles are taxable, and some are…
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Towing Services

Understanding Towing Services – Taxable and Non-Taxable Services

When it comes to towing services, it's essential to understand which services are taxable and which…
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Food Ingredients

Guide for Grocery Stores – Taxable & Non-Taxable Food and Food Ingredients

Tax season can be taxing for owners and managers of food stores. But tax filing can…
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NFPs

Tips for NFPs to Make a Compelling Grant Report While Ensuring Grant Requirements

NFPs (Non-profit organizations) depend on grants and funds to maintain their programs and services. Many aspects…
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Non-Cash Contributions

A Complete Guide on the Valuation and Keeping a Record of Non-Cash Contributions

  Donations that do not take the form of cash but instead take the shape of…
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NFPs

NFPs: How to Complete Form 990 Avoiding Common Mistakes?

  It is imperative for NFPs (not-for-profit organizations) to diligently choose the appropriate Form 990 return…
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Tax Plans

How we prepare Tax plans and strategies for our Clients – Prudent Accountants

Prudent Accountants takes pride in offering expert tax planning services to help you efficiently manage your…
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