Taxes for Businesses

We’re back with a few more tax saving strategies to keep you and your small business healthy and wealthy! Deduct business losses If you have any capital gains on investments, you can subtract any losses you’ve incurred to minimize any taxes owed on your gains. If you have no gains, you can still take losses […]

The age-old question! How do I make money? And we’re not talking about the measly average $30-50k per year. We’re talking about the $millions that many people dream about – more like $30-50k per week! What’s very interesting is that many people talk and dream about these $millions, “if I had the money I’d be […]

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 […]

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 […]

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 […]

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 […]