Minimum-wage rates adjusted for inflation as of Jan. 1, 2019

Minnesota’s minimum-wage rates will be adjusted for inflation beginning Jan. 1, 2019, to $9.86 an hour for large employers and $8.04 an hour for other state minimum wages.  As of Jan. 1, 2019, an estimated 219,000 jobs (not including jobs in Minneapolis) will pay the $9.86 or $8.04 state minimum-wage rates. “This is great news for Minnesota’s lowest-wage workers and will help them keep up with inflation to better provide…  Read more

Avoid These 5 Costly Accounting Mistakes

A recent survey of over 500 small business owners revealed some of what we already know: flexibility and feeling in control ranked first in the “love” category of ownership.  Bookkeeping on the other hand?  60% say it’s their most hated task.  Hated or not, these 5 costly accounting mistakes can cause even more drama. Most business owners understand that effective financial management is key to their success. But lack of…  Read more

Eight Characteristics of successful small businesses

Running a successful small business can sound daunting when you’re first beginning your journey in entrepreneurship. International researchers who have studied many small businesses have found that these characteristics consistently play a part in the success of small companies. The eight characteristics are: 1.   Leading by example The owner or manager leads by example. He or she is usually the first to arrive and the last to leave. The owner…  Read more

Using Software to Save Time and Increase Profitability

Are you using software in your business to save time?  If you aren’t yet, now is a good time to start.  Lots of different software programs exist that help businesses save time and organize their important business documents.  Take advantage! Bill.com is one type of software that can help you in a particular time-sucking activity – bill-paying.  Businesses regularly receive invoices and bills from vendors on a monthly, weekly or…  Read more

It’s Tax Time!

  Happy New Year!  The beginning of the year brings about many things – new beginnings, clean slates and tax time!  Get your taxes in on time to avoid late filing penalties and interest.  Here are the dates to keep in mind: Due March 15: Form 1065, US Return of Partnership Income Form 1120s, US Income Tax Return for S Corporation Due April 18 (no this isn’t a typo – the April…  Read more

Quickbooks got a major facelift!

We’re taking a little detour from our “normal” QBO Challenge to bring exciting news: Quickbooks got a major facelift!  If you haven’t used it already, you’ll notice a new, cleaner interface, invoice set-up changes and even more integrations!  You can read all about the specific changes straight from the Quickbooks source by clicking here. Our favorite changes?  The integration with Apple Pay (pay invoices with a single touch – yes, please.)…  Read more

Want to grow your business? Our Free Resources will Help