There is a major change regarding W-2 and 1099 filings. In 2018, the IRS issued regulations that virtually eliminated the ability to ask for an extension to file these forms. This change means you must …Read More

 

You’ve probably heard of “bitcoin” and its overwhelming popularity in the world of cryptocurrency, but have you considered the tax consequences of using this form of payment? Most small businesses do not accept bitcoin or …Read More

 

A “cash gap” can occur when a business tries to overcompensate for a shortage of cash by continuing to sell more. Robb Prestholdt, CPA, CMA explains this term to help your business steer clear of …Read More

 

In quarter 2 of 2018, there are some important tax-related deadlines affecting businesses and other employers to be aware of. This list is not all-inclusive, so there may be other deadlines that pertain to your …Read More

 

Owners of private businesses often wonder: How much is my business interest worth? Financial statements are a logical starting point for answering this question. Here’s an overview of how financial statements can serve as the …Read More

 

The Benefits of Having a Construction Accountant

Owning a construction business requires you not only have knowledge and expertise in your craft, but for your accounting and finances as well. Below, we outlined a few areas your business can benefit from an …Read More

 

Minnesota’s Revised LLC Act: An Overview

Set to take effect at the start of 2018, Minnesota’s Revised Uniform Limited Liability Act (the Revised Act) contains traps that you may want to be wary of. Seeking an experienced business lawyer could be …Read More