Money Management Articles
Retaining personal financial records: What do you need to keep and for how long?
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.
New tax rules for your small business
The American Taxpayer Relief Act of 2012 resolved most of the tax issues included in last year’s Fiscal Cliff debate and answered many pending tax questions for small businesses. What impact did the Act have on businesses?
The Patient Protection and Affordable Care Act: Its impact on small businesses
When the Supreme Court upheld the Patient Protection and Affordable Care Act (ACA) in June 2012, it set in motion a timeline of events that may have seemed far off, but are now imminent for America’s small business owners. The Minnesota Society of Certified Public Accountants (MNCPA) advises that it’s now time for small-business owners to be sure they understand how the Affordable Care Act affects them and pay close attention to the timeline and deadlines ahead. The MNCPA provides this helpful information.
Getting organized for tax season
Here are some simple steps you can take now to get your tax documents organized so you’re not in panic mode this April. Your income, deductions and expenses, and investment documents all have a home in this easy-to-use and easy-to-maintain filing system.
Avoiding family business conflicts
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
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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