Starting A Business

So you want to be an entrepreneur? While it is a thrilling and fulfilling venture, there are a number of considerations to evaluate before taking the lead. Read below to learn more about what you

What You Need To Know About The New Lease Standard

What is the new lease standard? ASU No. 2016-02, Leases (Topic) 842, dramatically changes the way your business will record any new or existing lease. The new standard will significantly impact your financial statements if

Minnesota’s New Wage Theft Law

As of July 1st, new laws concerning employers and their employees will go into effect. The Wage Theft Law, passed by the Minnesota Legislature, amends labor laws and includes new wage and hour requirements, as

Professional Standards for CPAS

The accounting profession is largely self-regulated by the American Institute of Certified Public Accountants (AICPA). Part of its mission involves the development and enforcement of a broad range of standards for the profession. Why do

Benefits of CFO Services

A great CFO can do more than help a company’s bottom line—they can put key processes in place to drive growth and culture. CFO’s provide their company with direction and vision that is invaluable. Why

When Should You Report Subsequent Events?

Financial statements present a company’s financial position as of a specific date, typically the end of the year or quarter. But sometimes events happen shortly after the end of the period that have financial implications

Outsourced Accounting Services

It seems like every day we hear about more businesses who are outsourcing their accounting. For many business owners it can be a hard to let go of their internal accounting department, especially when they

Key Deadlines for 2019 Quarter 2 Tax Calendar

Does the April 15 filing deadline apply to your company? What additional tax deadlines are there for businesses and employers during the second quarter of 2019? Here are some of the key tax-related deadlines that

Small Business Owners Still have Time to Set Up a SEP Retirement Plan for Last Year

Are you wishing you’d set up a retirement plan for your small business for 2018? Believe it or not, you may still be able to do so, and also reduce your 2018 tax liability! Contribution

Leasing Equipment vs. Buying Equipment for your Business

When deciding whether to lease or buy equipment or other fixed assets, there are a multitude of factors to consider, including tax implications. Pros and Cons of Leasing From a cash flow perspective, leasing can

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