Tax filing for businesses can be complex, particularly for self-employed individuals. As of 2023, the difference between filing as an LLC on a Schedule C of the 1040 form and filing as an S-Corp on a 1120S form continues to be a crucial consideration for Minnesotan business owners. Let’s explore the key points to help […]
Unleashing Your Small Business Potential: Merging Top-Level Bookkeeping with Business Mastermind
As a small business owner, you understand the significance of staying on top of your finances and making informed decisions. However, to truly take control and fuel growth in your business, merely balancing books won’t cut it. Instead, you must take advantage of the transformative impact of partnering with a top-level bookkeeper who goes beyond […]
Take Advantage of Valuable Back-to-School Tax Benefits This Year!
As your local expert bookkeepers who are well-versed in Minnesota tax regulations, we are excited to share some valuable insights about how you can make the most of your back-to-school shopping and save on taxes. Back-to-school season isn’t just about getting your kids ready for the classroom; it’s also an opportunity to save on your […]
Implications of Secure Act 2.0 and Learn How to Better Strategize Your Post-Retirement Life
Toward the end of 2022, President Joe Biden signed the Secure Act 2.0 into law and brought significant changes to the legislation covering retirement, particularly on the retirees’ contribution and access to the funds. Secure Act 2.0 effectively amended the 2019 Secure Act. Below are some of the salient provisions of Secure Act 2.0: Minnesota […]
Our 6 Tips to Find a Personal and Financial Balance Between Home and Home Office Life
As a small business owner who may be working from home with a spouse and family — either part-time or full-time — you may find it increasingly difficult to find a balance between your home life and business or home office life. It can be even harder to manage the budgets for both. As a […]
