The pandemic left a huge impact on businesses, forcing many to temporarily or permanently shut down operations when the outbreak began. Up until today, businesses continue to reel from the negative economic effects due to all the mobility restrictions and shifts in consumer spending behavior. In response to this, the US Small Business Administration (SBA) […]
Financial Tips
Tax Implications to Consider When Buying or Selling Your Home
Buying or selling a home is a big decision to make for anyone. The process can be tedious and stressful, especially if you consider the legal and administrative matters that need to be handled. Taxes are perhaps one of the biggest headaches you will encounter along the way. The last thing you want is to […]
Minnesota Income Tax Amendment Updates
You may amend your 2017 and 2018 Minnesota income tax returns affected by 2019 Minnesota tax law changes The Minnesota Department of Revenue recently mailed notifications to a number of individuals across the state regarding an update to state tax law changes, enacted on May 30, 2019, which could affect a person’s 2017 and 2018 […]
An Update on SBA Loans & Grants, COVID-19 PPP Loans, and More
Everything continues to change from day-to-day as our government, systems, banking institutions and community resources are just trying to keep up with community concerns and demands. So, I wanted to give you a few more updates that could effect your business and personal budgets when it comes to the ever-changing SBA Loans/Grants. A Timely Update […]
Using Retirement Plans to Reduce Taxes
One of my favorite ways to reduce taxes, is investing in your future. When you buy equipment, the average savings for taxes is $3 for every $10 you spend; leaving $7 for taxes. So, only buying equipment if you absolutely need it is the way to go. When you set up a SEP or Simple […]
