If you’ve spent any time online in the last ten years, you’ve probably heard about the digital nomad. A term coined in the late 2000s, the digital nomad represents a new worker that’s not chained to a desk or a specific office -- they work remotely. Thanks to the development of affordable wifi, dependable laptops, and a millennial lifestyle that values experience and flexibility over stability, digital nomads have become a staple of the workforce.
We increasingly live in an age that is centered on convenience. Streaming services mean that fewer people go out to the movies, and car apps like Lyft and Uber mean that fewer people own vehicles. One space that has seen an online surge are food delivery apps. DoorDash, Uber Eats, and Postmates all advertise that they can get your favorite restaurant’s food right to your door, without you ever getting out of your pajamas.
We’re in the midst of a construction boom. That’s great news for trade-based businesses, such as construction companies, electricians, and plumbers, but finding the talent to match the demand during these booms can be a huge challenge for any employer.
The current government shutdown is affecting all kinds of nationally funded programs, but nowhere is it more evident than how it has shaped tax season this year. Already different because of the passage of the Tax Cut and Jobs Act, the real monkey wrench comes from the fact that 800,000 federal workers in nine different departments aren’t able to work. These departments include Agriculture, Commerce, Justice, Homeland Security, Housing and Urban Development, Interior, State, Transportation, and Treasury
It’s the most wonderful time of the year! At the end of the year, charitable donations soar as individuals scramble to get them in before the end of the tax season. It feels good to give. (Really, you should do this. Giving is its own reward.) It also doesn’t hurt that in year’s past, you’d also get a big deduction for doing the right thing.
Tax law isn’t static; it’s constantly changing. Deductions that were available last year aren’t available this year, the amount you can deduct changes, and there are even changes in how dependents work for deductions. We’re asked all the time about this, so here’s what you need to know about the three biggest changes to tax deductions in 2018.
You’ve grown your business, you take pride in a satisfied customer base, and you have increased profitability year after year -- what’s the problem with that? As the poet Biggie Smalls once so eloquently rapped, “Mo' money, mo' problems.” While it’s obviously the goal to succeed as a business, here’s how too much profitability can hurt your business -- and where you can get the help you need.
When you own a small business, it is imperative that you find ways to save money wherever you can. It’s not a matter of want; it’s a matter of need. You take pride in doing your own sales, your own customer service... heck, you might even shovel your own driveway. That’s why it makes perfect sense to do your own payroll, right?
Maybe not. Here’s why it’s a waste of time to sit in front of a blank spreadsheet with your head in your hands.
CSI is a proud member of the Professional Association of Small Business Accountants, or PASBA. CSI Accounting & Payroll has won several prestigious PASBA awards including Small Business Accounting Firm of the Year and PASBA's 2018 Lifetime Achievement award. Here is a short video that highlights the PASBA model and how its service and price model for accounting, bookkeeping, tax, consulting, and payroll provides tangible benefits, especially for small business owners:
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).