It has been a privilege to help many wonderful Minnesota small businesses reach their goals and grow their companies. Your success has given CSI owner, Brian Paulson, the platform to help other accounting and payroll firms come up with better ways to serve their clients through his work with the Professional Association of Small Business Accountants (PASBA).
Who's afraid of the IRS? Almost everyone. The key to surviving a tax audit – and even coming out on top – is not to panic or ignore the situation, but to prepare.
If you receive an audit notice in the mail, it's time to set yourself up for success.
The process of hiring, on-boarding, and training new employees isn’t easy, especially for small business owners accustomed to doing everything themselves in the absence of a human resources department.
While the process of finding and hiring a new employee takes time away from your already busy schedule, due diligence up front in the hiring process will pay dividends in the long run.
The key is to be proactive. Bringing someone new into your business family can be intimidating at first, but it’s a necessary process to scale and grow.
We chat with a lot of small to medium-sized businesses in the Twin Cities regarding bookkeeping, accounting, payroll, and tax preparation services, and we’ve found that many owners have the same questions and pain points during the evaluation process.
Here’s a breakdown of the most frequently asked questions from small business owners during initial conversations with us.
The adage states, “family and business don’t mix.” However, the majority of businesses in the United States are family owned or family controlled. Creating a successful business takes hard work, determination, and trust, and accounting is often the most sensitive area of any business.
Dreams of owning your own company or starting your own business probably didn’t evolve from an inner passion to keep a general ledger or to prepare tax documents. You likely started a business to focus on something you love, but now you spend more time tracking reports and keeping the books than getting out and working on your business.
For many small business owners, having a trusted accountant by your side can feel like a great burden has been lifted off your shoulders.
Knowing that you have a trusted professional to help you stay on top of deadlines and provide expert financial advice can give you peace of mind, but when is the best time to bring hire an accountant for your small business?
During this time of the year, it's not uncommon for small business owners to question if their annual accounting service's tax preparation and filing is enough to grow their business year-round. If you haven't already made the jump to monthly accounting for your small business, do you ever wonder what services are actually provided?
Annual accounting firms tend to offer limited services. They only deal with your finances when the year is over and aren’t in touch with your business operations in real time. In comparison, monthly accountants provide ongoing support, advice, and insight to your finances. The following article discusses different services that a monthly accounting firm can provide.
It’s tax season again! You’re probably a bit stressed out by running your business and trying to gather annual tax information for your accountant at the same time.
When all the hard work is over, are you ever left wondering if your accountant brought enough to the table this tax season?
Professional services companies have unique challenges when it comes to accounting. As a result, it’s difficult to find an accounting service that is flexible and knowledgeable enough to fit your needs.