Taxes for Businesses

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 […]

Are you saving your small business all the money you possibly can? Tax code section 179 is a popular one for business owners for their money-saving strategy during their tax season. Section 179 Deduction This section applies to companies that have property they want to depreciate. Under normal circumstances, a company would depreciate a piece […]