There are two valuable depreciation-related tax breaks that can potentially reduce your 2017 taxes, if you acquire and place in service qualifying assets by the end of the tax year. Tax reform legislation has been …Read More

 
Daniel D. Hainlin

Small Business Tax Brief

Tax Planning Critical when Buying a Business Acquisition of another company means a much longer to-do list; as such, you won’t be able to devote all of your time to the deal’s potential tax implications. …Read More

 

Business Accounting Firms in the Twin Cities: Who’s Right for You?

Business Accounting Firms in the Twin Cities: Who’s Right for You? Every small business is focused on cutting costs and saving money. Often, one of the first expenses dropped is the professional accountant. The justification …Read More

 

The New Not-For-Profit Accounting Standard

Beginning in 2018, a new accounting standard will go into effect for churches, charities, and other not-for-profit entities. The following is a summary of the major changes:   Net Asset Classifications The existing rules require …Read More

 

3 Common Misconceptions about the IRS Audit Process

For many high-income taxpayers, the prospect of being asked to submit to an audit is one of the scariest scenarios they can imagine. There are many misconceptions about what happens during an audit, which we’d …Read More