blog
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
July 26, 2017
Classify with Care

One common question that many business owners will have is “Am I hiring an independent contractor or an employee?”  While most business owners want to hire everyone as independent contractors, this can cause a lot of trouble if the new hire is mis-classified....

March 16, 2017
TRUST: The Foundation of Effective & Authentic Leadership

On Thursday, March 2, 2017, Boyum & Barensheer partners, along with over 200 guests, attended an event on “Building Trust” with keynote speaker David Horsager – business strategist and author of the national bestseller The Trust Edge....

February 11, 2017
Break Even Analysis

Every business owner wants to know what their break even is for their company, but many don’t know where to begin trying to calculate it.  Doing a break even analysis will provide information regarding the sales volume needed to be at a break even status (no profit or loss)....