Blog
How Minnesota Small Businesses Should Handle A Crazy Customer
We're keeping our powder dry over here at Business Advisors Inc, as it relates to the "American Rescue Plan'' proposed by Biden. There's plenty of talk about it ... but as of yet, nothing has passed.I prefer to live in the world of what *is* -- instead of...
The Business Advisors’ System To Turn Upset Clients Into Happy Clients
I am simultaneously eager while also being slightly horrified that tax season has officially begun.Horrified, simply because the IRS has been significantly behind the 8-ball this year, and I still can't believe that we're already halfway through February 2021.EAGER...
Measuring Key Numbers In Your Minnesota Business And Developing Accountability
During the first Super Bowl that Tom Brady won (with the Patriots), these were some of the companies who advertised (hat tip to Jon Erlichman of Bloomberg):AOLBlockbusterRadio ShackCircuit CityCompUSASearsHotJobsYahooVoiceStream WirelessGateway ComputersThe year was...
A Checklist For Minnesota Business Owners’ For 2020 Personal Income Taxes
So, last week I ran through the (rather incredible) selection of NEW and/or extended tax credits available for Minnesota business owners.That's just the tip of the iceberg though.But this is the great thing about working with business owners in tax strategy ... we can...
Six Options For Minnesota Small Business Aid And Tax Savings
My goal today is to simplify your options.There is so much noise, and so many conflicting voices about all of this, that I wanted to give you an authoritative, basic rundown of what's being made available to you and other Minnesota small business owners by the federal...
My Minnesota Small Business Health Quiz (Part 2)
Let's start today with a couple questions I've been getting here at Business Advisors Inc from our Minnesota small business clients about the second round of the PPP, and some of the new provisions of the recent bill that affect businesses.If I received the first PPP,...
My Minnesota Small Business Health Quiz (Part 1)
Last week, when I wrote my message to our Minnesota business clients, the biggest news was the second round of the PPP, and that expenses covered under the first round of it would be tax deductible.Has anything happened since then?Goodness, even just the "mere" fact...
Provisions of the Second Coronavirus Relief Bill That Affect Minnesota Small Businesses
Wow, does it ever feel good to have turned the page on 2020. This first "working week" is when I finally began to feel the newness of it all.Yes, it's "just a date" on a Gregorian calendar, but ...2021 holds great promise for our Hennepin County business clients. With...
Ultra Last Minute Tax Moves for Minnesota Businesses
It's going to take us many weeks to digest everything in this massive omnibus of a relief bill that the President signed on Sunday night.And with year-end barrelling at us (2021 is on FRIDAY), it's unlikely that we will be able to make substantive action on your...
The Business Advisors’ Annual Holiday Prayer
Well, Congress seems to have heard the cries of the huddled masses of SMB's around the country, and more PPP funding is (seemingly) on the way.Details aren't finalized yet as of this writing, so I will have more to say on these matters in future weeks.Even these early...
The Business Advisors’ Guide To Getting Tasks Done
Maybe I'm writing this today because we're very much feeling the end-of-year crunch here at Team Business Advisors Inc.Really, we only have a few business days left before 2020 is in the rearview. Yes, my heart wants that to happen YESTERDAY, but my business brain...
The Cares Act, Minnesota Business Owners, And Student Loan Repayment
2021 is hurtling at us, isn't it? May it ever come sooner.Well, except for this part:I'm here to remind you that while we can (and, often, do) do wonders with "after the fact" tax return information, the best work we can do for you and your Minnesota business is to...
