“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....
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....
The U.S. Citizenship and Immigration Services (USCIS) released a revised version of the Form I-9 (Employment Eligibility Verification) on July 17th....
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...
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....
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. ...
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....
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:...
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....
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....
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 los...
Listed property is a term for vehicles that are specifically listed out on Form 4562 when you file your tax return. ...
