Tax Services

When it comes to the world of taxes, preparation and planning go a LONG way. We have the expertise and knowledge you are looking for in a tax professional and can help you navigate your options.

We’re happy to help you with any of these services:

Tax Preparation

Stop missing out on potential deductions that could be saving you big money!

Tax Planning

Real strategies and solutions to help you minimize your IRS liability.

IRS AUDIT Representation

Don’t go it alone! We’re your ally and representative in an IRS audit.

What Your Minnesota Business Must Do While Awaiting SBA Payroll Loans

Before I get into some of what we have learned over the weekend about the SBA payroll program, I want to speak to you -- business owner to business owner. To survive in this hour, you will NEED two major qualities: Clarity and Patience. The SBA payroll program offers...

Keeping Your Minnesota Business Focused During Distracting Times

Apparently there's some news happening around us in Minnesota these days.I often use this space to share Hennepin County-specific, detailed information about PPP forgiveness, tax code updates, leadership and marketing strategy, expense reduction, and more -- all...

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...

What Your Minnesota Business Should Do If They Received PPP Funding

I promise that one day I'll write to you and my Minnesota area readers about matters other than government aid, the CARES Act, PPP/EIDL, and whatnot. But as we all keep saying: these are extraordinary times. Pick your cliche -- it all fits right now. But here is a...

Thank You Minnesota Small Businesses

Lifting my heavily-lidded eyes to peer up through the haze of government forms and procedures, I peek at the calendar, which today says: July. And we are still doing tax work. This year has been insane. Yet we have had the PRIVILEGE to walk alongside you through major...

A Guide to Paycheck Protection Program Loans for Minnesota Businesses

This is a very important message, and I'd like you to read it carefully. Here at Team Business Advisors Inc, we have been walking closely with our Minnesota business owner clients (and many, many new business owners who have been reaching out) to cut through the...

A Big IRS Update For Minnesota Businesses On Using The PPP Loan Funds

Well, if you were wise, you probably saw this coming. Turns out ... if you received a PPP loan, that the expenses you pay from the proceeds of this (forgivable) loan ... are not deductible for Minnesota businesses. Ouch. The IRS just released new guidance to this end...

Use These Financial Reports For Business Decisions By The Business Advisors

Just in time for the weekend, the IRS issued Friday-evening guidance about the overly-hyped (at first) payroll tax "holiday". There was initial hope that this might be a great shot-in-the-arm for businesses and employees, but given how the thing is...

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...

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...

How You’re Missing Legal Tax Deductions

Here’s a certain truth: the State and Federal Government would love to have more of your hard-earned money in their accounts. Sure, even though it’s painful, none of us begrudge paying our legal and fair share of taxes.
But the problem is that regular taxpayers, like you, are missing out on legal and safe deductions, to the tune of hundreds of millions of dollars in unclaimed refunds every year!