Business. Money. Life.
Starting a small business can be an exciting experience. You finally get to be your own boss and potentially reap great financial rewards that you built from the ground up. However, owners are understandably so focused on getting their business running that they may overlook some basic considerations that can have a major impact on […]
At a young age, we constantly question things. Most everyone has experienced or heard the steady spew of “whys” from children as they discover the world and question why things are the way they are. We learn early on that there is a driving force behind every action and it’s important to understand. When it […]
Why do we often perceive asking for help or accepting offers of help as a sign of weakness, especially for business leaders? There’s a negative connotation to not being able to “go it alone” although there are countless examples that go against this natural tendency. Anyone who is a sports fan understands that athletes need […]
So, you’ve done it. You’ve decided to start your own business and take on an exciting new adventure of being an entrepreneur. Now what? Seeking out a business coach should be at the top of your list. Yes, you could seek out guidance and advice from personal friends and colleagues, but they will only take […]
I just got a letter from the IRS! Receiving any form of communication from the Internal Revenue Service can send chills down your spine. Many people harbor an unfounded fear of the unknown when it relates to the IRS. Don’t Fret! Seeing a letter from this government agency in your mailbox does not mean you […]
Being the owner of your S-Corp affords many benefits that you can take advantage of. For new S-corporation owners, and even many seasoned business owners, understanding how to utilize these benefits can be as challenging as understanding a foreign language. It is important for you to remember that all of your personal income from the […]
Having a home office can be a great option for deducting expenses. Before we start deducting though, there are a few qualifications that must be met to ensure you are compliant. Home Office Qualifications When figuring the home office deduction for a business, we have to consider the following: Is it truly an office? Can […]
Did you know there is a Taxpayer Bill of Rights? These rights were adopted by the Internal Revenue Service in 2014 and have been shared extensively on a continuing basis with IRS employees since them. The best part is that whether you are paying taxes for income earned in Fargo, North Dakota or Detroit Lakes, […]
The best way to prepare for your upcoming tax appointment is to gather and organize your information. As your trusted advisors for tax preparation, we will guide you and make your tax season simple and smooth. What to Bring to Your Appointment For Personal Items January 31 is the guideline date for businesses to send […]
Now that you have gone through the year with employees who have filled out a Form W-4 and Form I-9 and/or a subcontractor who has filled out a Form W-9, it is time to put those forms to work. If you have employees, you have the information you need from the W-4 and I-9 which […]