blog
October 5, 2017
Critical connection: How costs impact pricing

As we head toward year end, your company may be reviewing its business strategy for 2017 or devising plans for 2018. As you do so, be sure to give some attention to the prices you’re asking for your existing products and services, as well as those you plan to launch in the near future....

September 29, 2017
Bridging the divide with a mezzanine loan

In their efforts to grow and succeed, many companies eventually reach the edge of a precipice. Across the divide lies a big step forward — perhaps the acquisition of a competitor or the purchase of a new property — but, financially, there’s no way across. The money is just not there....

September 23, 2017
Restaurant Sales Tax Audits – What to Watch For – Tip #3

Third of 3 Blogs on this topic: The Minnesota Department of Revenue has dramatically increased the number of Sales and Use Tax audits in recent years. The audits are getting more sophisticated and focused on a few key areas that can really trip up business owners. ...

September 18, 2017
Understanding Client Profitability

“We love our customers!” Every business owner says it. But all customers aren’t created equal, and it’s in your strategic interest to know which customers are really strengthening your bottom line and by how much....

September 17, 2017
Restaurant Sales Tax Audits – What to Watch For – Tip #2

Second of 3 Blogs on this topic: Minnesota Department of Revenue has dramatically increased the number of Sales and Use Tax audits in recent years.  The audits are getting more sophisticated and focused on a few key areas that can really trip up business owners....

September 12, 2017
New Form I-9 Required On September 18th

The U.S. Citizenship and Immigration Services (USCIS) released a revised version of the Form I-9 (Employment Eligibility Verification) on July 17th....

September 11, 2017
Find the Right Path Forward with KPIs

From the baseball field to the boardroom, statistical analysis has changed various industries nationwide. With proper preparation and guidance, business owners can have at their fingertips a wealth of stats-based insight into how their companies are performing — far beyond the bottom line on an income statement....

September 11, 2017
5 Steps Towards an Effective Digital Transformation Strategy

You’ve probably heard the term and wondered whether it could happen to your company. Maybe it already has. We’re referring to “digital disruption” — when new technologies and business models affect the value proposition of existing goods and services....

September 9, 2017
Restaurant Sales Tax Audits – What to Watch For – Tip #1

First of 3 Blogs on this topic: Minnesota Department of Revenue has dramatically increased the number of Sales and Use Tax audits in recent years.  The audits are getting more sophisticated and focused on a few key areas that can really trip up business owners. ...

September 6, 2017
Create a Peaceful Succession with a Buy-Sell Agreement

A buy-sell agreement is a critical component of succession planning for many businesses. It sets the terms and conditions under which an owner’s business interest can be sold to another owner (or owners) should an unexpected tragedy or turn of events occurs....

August 29, 2017
Minnesota Tax Relief Bill Summary

Minnesota legislators recently passed a long overdue tax relief bill. The bill provides nearly $650 million in relief to Minnesota businesses and individuals. A summary of the highlights of the bill are listed below:...

August 28, 2017
Business Owners & Executives: Increase your Retirement Savings with a Nonqualified Deferred Compensation Plan