Money Management Articles

Small Business

The virtual workplace: Challenging traditional notions of taxation and 'the office' - 3/31/2014
As technology continues to challenge the traditional paradigm of employees and "the office," many businesses and individuals find calculating taxes for work done outside company office space confusing.

Quirky Minnesota sales tax rules: Differences in application of sales tax can leave taxpayers scratching their heads - 3/3/2014
The end of Minnesota's 2013 legislative session brought with it some hotly debated new sales and use tax rules for Minnesota taxpayers and businesses. Some of those rules are being considered for repeal this year.

MNCPA issues list of strange and unusual tax deductions - 2/17/2014
The Minnesota Society of Certified Public Accountants (MNCPA) recently conducted its annual CPA member survey about the most strange and unusual tax deductions proposed by clients. Responses included everything from pets and wedding rings to gifts not given.

Tackling taxes if you're self-employed - 2/3/2014
Tax time is tough, there's no question about it, but it's even more challenging when you're self-employed and trying to deal with the sometimes confusing rules and recordkeeping that can go hand in hand with running your own show.

Tax tips for small-business owners - 9/4/2013
There are 23 million small businesses in America, according to the U.S. Small Business Administration. Although each business is unique, you can be sure that they have a common desire to minimize their taxes and make the most of the deductions for which they qualify. The Minnesota Society of Certified Public Accountants (MNCPA) offers these tips on how to achieve those goals.

Growing your small business: You don't have to leave big business to the big guys - 6/2/2013
Small businesses are the backbone of America's economy. According to the U.S. Small Business Administration, the nation's 23 million small businesses account for 54 percent of all U.S. sales and 64 percent of all net new jobs. But many successful small businesses make the leap and become big businesses.

Retaining personal financial records: What do you need to keep and for how long? - 5/14/2013
Does looking at overflowing filing cabinets of bank statements and boxes of old check stubs make you want to start a bonfire in your backyard? Before you grab the lighter fluid and matches, make sure you know what you can torch and what you need to keep.

Avoiding family business conflicts - 9/14/2012
There are 5.5 million family-owned businesses in the United States, according to Family Enterprise USA. If you’re involved in such a business that is experiencing conflict, the Minnesota Society of CPAs (MNCPA) offers sound advice on how to sidestep some of the internal squabbles that can affect such companies.

Don’t make these three common small-business mistakes - 9/1/2012
According to the U.S. Small Business Administration (SBA), small businesses account for 99.7 percent of employer firms, making them a significant sector of the economy. There are many challenges for small businesses, however. If you are a small-business owner or have plans to become one, the Minnesota Society of CPAs (MNCPA) offers these tips on three common mistakes to avoid.


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