Finally we made it through tax season! Most of us might be thinking “I’m not going to think about those things again for a whole year!”. But some people know better – tax time hurt and we don’t want it to hurt that much ever again. So what do we do to prepare for next […]
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8 Costly, Common Payroll Mistakes Your Company Doesn’t Want to Make
Updated June 2018 Payroll Definition Simply, the list of a business’ employees and the amount of money they’re owed – wages and salaries. Is your business growing and you suddenly find yourself wondering how to do a payroll? There are various details that go into setting one up and managing it, and it can become […]
Minnesota State Tax Law for Businesses – What You Need to Know
Here we explain Minnesota state tax laws for businesses, in a condensed, simplified way. For further details, visit the Minnesota gov’t website for businesses. Corporate Franchise Tax (Corporation Income Tax) Your business is required to file this, a Partnership, or S Corp. tax return for any year you have nexus (taxable activity in the […]
Minnesota State Tax Law for Individuals – What You Need to Know
Wondering what you might be missing out on with your MN tax refund? Here we hope to share some info that will save you some money this year! Income Tax Minnesota income tax ranges from 5.35-9.85%, some of the highest in the country. Below is a breakdown for people filing as “single” for the 2016 […]
Personal Investment in Your Business
Entrepreneurs… You started a small business, or you’ve been thinking about it for awhile, and then all these questions start popping up about taxes and using personal cash, and what if it’s a bad idea etc. etc. If it’s going to make you happy, try it out and start small! Marketing for small businesses has […]
Tax Law Updates for Individuals and Businesses
Filing season for our 2016 taxes opened January 23, 2017, and because of a holiday, the deadline for filing is April 18th this year. As we await our last W2s and 1099s, hopefully some of us are expecting a return! What new tax laws are in store for our 2016 tax filing? What tax law […]