MNCPA PERSPECTIVES

Small-business owners: Receive free advice at Small Business Advisory Day

July 16, 2019  |  Corey Butler

Small-business owners: Receive free advice at Small Business Advisory Day

We’re all familiar with this old saying: Good things come in threes.

Not wanting to break from tradition, the Minnesota Society of CPAs (MNCPA) presents the third annual Small Business Advisory Day, a one-day event where our members meet with you for a 30-minute session to discuss your most pressing business questions.

Best of all? It’s free. No strings attached.

You’re faced with a lot of decisions as a small-business owner. No doubt it’s been further compounded with recent tax changes at the federal and state levels. Don’t be left in the dark; join us Aug. 22 in our Bloomington offices to bring clarity to your situation.

Proof is in the pudding

In the first two years of Small Business Advisory Day, more than 60 small-business owners were helped. And, while tax reform, tax conformity and tax planning are good bets to be hot topics at this year’s event, let’s look at a few of the more common threads from last year’s event. When it comes to talking to a CPA at Small Business Advisory Day, no question is too small or too big to broach.
  • Entity structure. Whether you’re starting out your business or have been at it for a while, it’s important to run the numbers and examine your circumstances to find the best entity choice for your situation. Are you a contract worker? Are you providing services or goods to customers? Are you a hobbyist who is dipping your toe in the water before jumping in? Work with a CPA to find the best tax-advantaged entity structure for you.
  • Hiring help. Congratulations! Your business is likely on the right track if you’re entertaining bringing on an employee (or adding another one). Of course, you’ll want to make sure that this makes sense for your business financially. A CPA can help you consider the financials, as well as other considerations when hiring an employee, like where to look for talent.
  • Streamlining financial reporting. Whether or not you have a firm grasp on your revenue and expenses, it may be moot if you don’t know how to put it together efficiently and present it simply to those who may look at it. CPAs can be your ace in the hole in directing you to putting together tip-top financial reports. An additional benefit to a properly constructed financial report: It can help guide your cash-flow management, budgeting and other areas of planning.

​​Receive free advice

Great advice like this is waiting for you at Small Business Advisory Day, 9 a.m. - 4 p.m. Aug. 22. Sign up today for your 30-minute session with a certified public accountant by visiting www.mncpa.org/sbad.

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Topics: MNCPA Programs & Activities

Corey Butler

Corey Butler is the MNCPA communications coordinator, focusing on providing timely and relevant content for members in both print and digital mediums. He's also the person behind the wildly successful Taxline, which is 25 years strong. Corey keeps busy outside of the MNCPA spending time with his wife and children, embracing and volunteering in his community, and catching up on long-lost hobbies. He also mows his yard. Corey enjoys the works of John Steinbeck and J.K. Rowling, and Paul Bunyan and Robin Hood lore. You may reach him at 952-885-5533 or cbutler@mncpa.org.

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