blog
May 16, 2013
Crowdfunding Tax Consequences

Crowdfunding is becoming an increasingly popular way for businesses or individuals to raise money.  The internet and sites like Kickstarter makes it possible now to collect $5 from 5,000 people in order to raise the $25k you need in order to make a short film or design a ne...

March 25, 2013
I’m Still Waiting For My K-1 – What Should I Do?

What should you do when you are waiting for a K-1 to file your return?  If you are a business owner that has a K-1 that contains the majority of your income for the year, hopefully you have been doing tax plans so you have a pretty good idea of what that K-1 will contain....

February 28, 2013
How to Save on Accounting Fees

Most small business owners are trying to wear all hats – salesman, bookkeeper, CFO, CEO, janitor, etc.  This does not allow for them to do everything really well.  It seems the areas where most lack is in the recordkeeping and accounting functions....

February 26, 2013
Be Your Own Boss

Do you have a business idea and want to start up your own business?  I bet this thought is one of the scariest but most exciting thoughts you have had in awhile....

February 19, 2013
Tax Time Blues

It is that time of year again that so many people try to pretend isn’t here.  They dread the paperwork, receipt gathering, reconciling, updating the accounting software and the unknown of “Am I going to owe a bunch of money for taxes?”...

July 31, 2012
What Records? Should I Have Financial Records?

A lot of times a new business owner, or for that matter, seasoned business owners, are so engrossed in doing the day-to-day business that the financial records get put in the large “to do” pile.  So many hats have to be worn and the hat that is usually disliked the most...

June 4, 2012
M1PRs are the Redheaded Stepchildren of Tax Returns

Like a redheaded stepchild, the M1PR is a misunderstood and too-often neglected return.  The whole thing is just weird and MN is the only state I know of that makes you file a separate return to get a property tax refund....