Have you recently hired a new employee? Did you know you need to report the new hire with the State of Minnesota?
How to Report a New Hire
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Business
Minnesota Sales & Use Tax Law Changes for 2021-2022
Sales and use taxes can be the most complicated tax obligations for many businesses. Generally, local sales tax should be charged to customers on all sales made in a local taxing area unless the customer provides an exemption certificate.
5 Common Succession Planning Problems
Succession is inevitable in a business. When the time comes to start thinking about retiring and/or transferring ownership, it is essential to understand common issues related to the process.
Business Valuation Approaches As Easy As 1-2-3
The three approaches appraisers use to value a business are essentially a matter of common sense. You start with the balance sheet and adjust the book values of assets and liabilities to their market values.
Valuation: The Market Value Formula
The words “Business Value” or “Business Valuation” by themselves hold more than a singular definition.
Employee Retention Credit (ERC) Ending
In November, the passage of the Infrastructure Investment and Jobs Act retroactively eliminated the Employee Retention Credit (ERC) for wages paid after October 1, 2021, for most employers.