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Who is a Good Fit to Work With CSI?

Jan 20, 2022 8:15:00 AM / by CSI Accounting Staff posted in small business taxes, small business payroll, small business bookkeeping, small business accounting, small business operations

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While we’d love to work with everyone, we know that it’s not so simple.

If we onboarded every person who showed an interest in our services, we’d spend too much time trying to make them into the right fit, and we wouldn’t have enough time to provide quality service to the people we’re supposed to be here for. Plus, working with the wrong person isn’t beneficial to them either; signing a contract to pay for services that aren’t a good match for their business is no joke!

We acknowledge that our services are not the best solution for every business, much like how not every business is an ideal client for us. However, when working together is the right fit for both parties, we can come together to use monthly financial statements to monitor and grow your business, run your payroll efficiently while you maintain as much or as little control as you like, or both! Continue reading to learn about the technical components, values, and beliefs that it takes for us to be a good match.

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How Much Does Monthly Accounting Cost For Small Businesses?

Jan 18, 2022 7:30:00 AM / by CSI Accounting Staff posted in small business accounting

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When you own a small business, you’re hands-on. You want to play a part in every aspect of operating your business, even if that just means having some oversight on the parts that are a little out of your comfort zone. For many business owners, that means accounting. That’s why the next largest concern – if you’re already considering outsourcing monthly accounting – is the price tag.

At this point, you know the differences between your current accounting solution and outsourced monthly accounting. You also know what your current solution costs, but does that mean you’re paying the average rate?

The answer isn’t simple, but we’ll break down our pricing structure so you can get a better idea of what our service might cost you. It isn’t “one size fits all”, so your service level will be based on your company’s needs.

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How Do I Find My Small Business's Break-Even Point?

Oct 18, 2021 3:53:31 PM / by CSI Accounting Staff posted in small business accounting, small business operations

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To succeed, your company must be profitable. When you own a small business, you need to be aware of your financial health, and this is done through tracking KPIs (Key Performance Indicators).

An important one that's easy to calculate on your own is your break-even point. In this blog, we cover:

  • What is a break-even point, and why is it important?
  • How do I conduct a break-even analysis?
  • What are other crucial KPIs, and how can I track them?

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How Can a Small Business Budget For Variable Expenses?

Sep 23, 2021 1:52:09 PM / by CSI Accounting Staff posted in small business accounting, small business operations

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Budgeting for your small business would be much easier if it only required adding up your fixed expenses. However, when you throw in variable expenses, it can be easy to go over budget. How can you expect the unexpected and get a more accurate idea of what you should be spending?

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The Application Portal Opens Next Week for the Minnesota Main Street COVID Relief Grants Program

Sep 14, 2021 10:32:08 AM / by CSI Accounting Staff posted in small business taxes, small business payroll, small business accounting

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Minnesota Main Street Covid Relief Grants Program will grant $10,000 - $25,000 to several thousand Minnesota businesses that can prove a financial loss due to COVID-19. The selection process is random, and the online application portal will only be open for 10 days - are you ready?

Here, we'll cover what you need to have prepared, when the portal opens, and if you qualify.

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Act Quickly, Minnesota Small Businesses! You May Be Eligible for Main Street COVID Relief Grants

Sep 8, 2021 2:00:54 PM / by CSI Accounting Staff posted in small business taxes, small business payroll, small business accounting

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Here comes the Main Street Covid Relief Grants Program! Grants ranging from $10,000 to $25,000 will be given to Minnesota businesses that can prove a financial loss due to COVID-19. The selection process is random, provided the applicants are eligible, and we're looking at several thousand businesses being chosen.

The online application portal is set to open sometime in September for 10 days only - are you ready? Let's see if you're eligible.

NOTE: The application portal is open as of 10:00 a.m. on September 20, 2021. It will only be open for 10 days!

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Which Small Businesses Are Now Eligible to Apply For the ERC (Employee Retention Credit)?

Sep 3, 2021 12:02:14 PM / by CSI Accounting Staff posted in small business taxes, small business payroll, small business accounting

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The ERC is a great COVID relief effort, so why aren't there more eligible small businesses applying?

In this blog post, we discuss what it is, how it's expanded, and if you're eligible. Most importantly, we talk about how CSI Accounting & Payroll has helped applicants in the past (and can help you as well!) - no hassles, no worries.

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Is It Worth It to Outsource Small Business Accounting and Payroll With a Local Firm Instead of a National Provider?

Aug 16, 2021 1:06:08 PM / by CSI Accounting Staff posted in small business taxes, small business payroll, small business accounting

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When you run a small business, you're usually working with a tight budget. This means that many small businesses tend to purchase supplies and services from large, national providers, even when they want to support their fellow small businesses.

Often, it's a misconception that national providers cost less than small businesses - or if they do, they certainly don't give you the same bang for your buck. We're here to walk you through the differences between the cost and value of larger companies versus small businesses when it comes to outsourcing your financial activities, such as accounting and payroll.

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How to Measure the Best KPIs For Your Small Business

Jul 27, 2021 11:59:59 AM / by CSI Accounting Staff posted in small business accounting

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When you run a small business, there are tons of numbers involved. A lot of owners are focused on the basics like sales and expenses, and they trust their accountant to handle their statements. While an annual tax accountant can give you a reflection of your last year, you might not have a deeper understanding of what each line on your financial statements means.

Here are the KPIs (key performance indicators) you should be tracking year-round for your small business.

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The Top Pros and Cons of Different Small Business Accounting Solutions

Jul 20, 2021 4:26:51 PM / by CSI Accounting Staff posted in small business bookkeeping, small business accounting

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When selecting the best accounting solution for your business, are you considering all three categories of small business accounting? In this blog post, we will discuss hiring an in-house accountant, working with an annual tax accountant once a year, and outsourcing a monthly accounting service.

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