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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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What Are the Benefits of Tax Projection?

Nov 16, 2021 1:29:51 PM / by CSI Accounting Staff posted in small business taxes

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Do you hear from your annual tax accountant at all outside of tax season? Do they check in with you or work on tax planning with you? If not, then you likely don't have any sort of tax projection in place. This means that you have no idea what your tax season is going to look like ahead of time.

Tax projection is not required, of course, but if you had the opportunity to look into a crystal ball, wouldn't you take it? At CSI Accounting & Payroll, we work with our small business clients year-round to ensure their taxes go off without a hitch. Don't walk into tax season with your eyes closed!

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New Year, New Payroll Provider

Nov 9, 2021 5:48:11 PM / by CSI Accounting Staff posted in small business taxes, small business payroll

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Most small business owners, when dissatisfied with their payroll provider, will switch providers only during certain times. Some wait until the end of the quarter, while many others choose to wait until the end of the year. Here, we discuss the reasons why they choose to wait, even when they're in a bad situation with their payroll - and why they may not need to.

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How Do I Speak to a Live Person When Calling the IRS?

Nov 1, 2021 2:42:24 PM / by CSI Accounting Staff posted in small business taxes

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If you don't have an accountant, you might ask the IRS for tax advice. However, the IRS's online FAQs may be unclear or need to be applied to your unique situation. With limited hours and representatives, you likely face long hold times before you reach a live person - if you ever do.

Luckily, we know of a tried and true method to get you through the IRS phone systems. Follow the steps in this post to help speed up the process.

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What Critical Changes to the Taxpayer First Act Are Upcoming for Small Businesses?

Oct 5, 2021 10:05:55 AM / by CSI Accounting Staff posted in small business taxes

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It can be hard to keep up with tax law changes while running a small business. Luckily, CSI Accounting & Payroll is on top of it! We'll help keep you informed about important details that may affect your business.

You may know that in July 2019, the Taxpayer First Act became law. Here are some updates that are coming in 2022 and 2023, if issued as formal regulation.

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What Should a Small Business Do If a Remote Worker Wants to Relocate to a New State?

Sep 27, 2021 2:30:03 PM / by CSI Accounting Staff posted in small business taxes, small business payroll, small business operations

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With so many businesses turning to COVID-related remote work over the past year and a half, employees are feeling as though they have fewer things tying them to a certain area. Because of this, many employees have begun to relocate. What does this mean for employers?

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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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Here Comes Autumn - Also Known As Tax Planning Season

Aug 23, 2021 2:38:29 PM / by CSI Accounting Staff posted in small business taxes

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Most small business owners have tax filing season on their radar each Spring. However, a shocking number don't have a tax planning strategy session on their calendar. When you only work with an annual tax accountant, they can only record the history of your year and give minimal advice on the upcoming year.

At CSI Accounting & Payroll, we use monthly accounting to give business and financial advice year-round, but we also set up tax planning sessions each Fall. The goal? We want our clients to know what their tax season is going to look like ahead of time to maximize benefits.

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