Prudent Resources

Navigating Minnesota’s New Business Laws: Essential Updates Effective August 1, 2024

As of August 1, 2024, several new laws have taken effect in Minnesota that directly impact…
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How CPAs Can Help Restaurants and Retailers Save Thousands: A Must-Read Guide for Business Owners

Running a restaurant or retail business is no easy feat. With razor-thin profit margins, fluctuating costs,…
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Top 6 Essential Questions Small Business Owners Should Be Asking Their Accountants

Running a small business involves juggling numerous responsibilities, and managing finances is one of the most…
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S Corporation vs. Single-Member LLC: Which Tax Structure is Best for Your Business?

As a small business owner or entrepreneur, choosing the right tax structure is crucial for optimizing…
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Mastering KPIs: Essential Metrics Every Business Should Track for Success

The Importance of Measuring Performance In today’s data-driven business landscape, Key Performance Indicators (KPIs) have become…
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Unlock Financial Success: How Outsourced CFO Services Can Help Your Restaurant Save Money

Running a restaurant is a labor of love, but it comes with unique financial challenges. With…
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Choosing the Right Accounting Method: Accrual vs. Cash Accounting

Is your business using the best accounting method for its financial health? Many small business owners…
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Avoiding Common Mistakes in the Food & Retail Industries: Expert Tips for Success

Did you know that nearly 60% of new businesses in the food and retail industries fail…
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Decoding Business Structures: Which Entity is Right for Your Business?

Choosing the right business entity is a critical decision that can have far-reaching implications for your…
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Navigating the Labor Crunch: Strategies for Retail and Restaurant Success

The retail and restaurant industries are currently facing an unprecedented labor shortage. From bustling urban centers…
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