Blog

Business people shaking hands after meeting in board room to discuss buy sell agreements.
John Csargo | Jan. 22, 2018
Eight Factors Indicating a Buy/Sell Agreement Needed
1. Liquidity: The owners want to ensure a ready market for their ownership interests (in the event of death, disability,…
Three flavors of ice cream in bowl signifying three types of Form 1095
Chris Wittich | Jan. 22, 2018
Three Flavors of Form 1095 – A, B, C
There are three different flavors of Form 1095 and most people don’t know much about them, so what’s the scoop…
Girl working in family business signifying hiring kids for your business
Stacy Shaw | Jan. 22, 2018
Can Hiring Your Kids Save on Taxes?
School is out and you are wondering how to keep your kids occupied for the summer – why not think…
Tax reform and related words in various colors
John Csargo | Jan. 22, 2018
How do the tax reform proposals affect my business?
Here is a recap of the proposals in both the House and the Senate, that could affect your business in…
cloud of words about tax updates including refund and income deduction
John Csargo | Jan. 22, 2018
2018 Tax Bill Update
Republican House and Senate negotiators released a final tax bill on Friday bridging differences between the House and Senate bills…
Manufacturing essential
Chris Wittich | Jan. 19, 2018
What is UNICAP?
UNICAP is short for Uniform Capitalization.  That probably doesn’t even help explain it.  The IRS Code Section 263A is all…
Wolf representing Built in Gains (BIG) Tax
Chris Wittich | Jan. 19, 2018
Built-In Gains Tax is a BIG Bad Wolf
Built-in Gains tax is a BIG bad wolf.  Every business owner should strive to avoid the built-in gains (BIG) tax…
Canadian and US Flags representing expats
Chris Wittich | Jan. 17, 2018
US Expats in Canada
The largest subset of US expats are living in Canada. Our neighbor to the north is the place where we…
Jigsaw puzzle signifying tax breaks for expats
Chris Wittich | Jan. 17, 2018
Tax Breaks for Expats
If you are a US expat, the requirement to file a US tax return can be painful but the tax…
Report of Foreign Bank Accounts or FBAR
Chris Wittich | Jan. 17, 2018
What are the FBAR requirements?
What is the FBAR (also known as FinCen Form 114), and why is it so important? An FBAR is a…
Gold Expat emblem
Chris Wittich | Jan. 17, 2018
What is a US Expat?
What is a US expat? An expat is a US citizen who is living in a foreign country. For some…
House on tax documents indicating the new tax bill impacts mortgages
Chris Wittich | Jan. 16, 2018
New Tax Bill: Mortgage Interest
For every single individual taxpayer who has a mortgage on their principal residence, your mortgage rate just went up with…
commercial vehicles lined up as an example of business vehicle depreciation
Chris Wittich | Jan. 16, 2018
New Tax Bill: Business Vehicle Deductions
For business owners with vehicles in their business the new tax bill has a few wrinkles that will affect how…
Chris Wittich | Jan. 15, 2018
Documentation Quote
Two sets of books
Randy Feld | Jan. 15, 2018
Two Sets of Books?!
You don’t have to be Tom Petters or Al Capone to have two sets of books.  In fact, I believe…

Get In Touch

This field is hidden when viewing the form

This field is hidden when viewing the form

We’re here to make a difference to our clients by offering exceptional tax, audit, business advisory and outsourced services.

Contact Us
Info@myboyum.com

Home Office:
3050 Metro Drive, Suite 200
Bloomington, MN 55425

952-854-4244