Keeping Employee Records Organized

Small business owners have to take on many different roles to keep their businesses running. Human resources management is one of the most important, and often overlooked, areas that a lot of business owners have to handle themselves. Properly maintaining personnel files is an important key to success. Keeping good employee records is important to many different aspects … [Read more...]

Sick and Safe Leave Ordinances Start July 1.

BUSINESSES IN ST. PAUL AND MINNEAPOLIS: After much back and forth between Minnesota legislators and the governor, ‘sick and safe leave’ ordinances will now be put into place as originally planned in both Minneapolis and Saint Paul. Governor Dayton vetoed a bill late last week that would have blocked the ordinances. With the veto, both programs will go into effect July 1, … [Read more...]

The 2016 Tax Season by the Numbers

135.6 million The number of tax returns the IRS has received as of April 18. 17 million Procrastinators who waited until the last 24 hours before the due date to file.    Why do people wait until the last minute to file their taxes? $268.3 Billion The amount of tax over-paid by Americans through 2016, resulting in 97 million refunds. $2,763 The average tax … [Read more...]

Late Tax Filing and Late Tax Payment Penalties

Get the facts about late tax filing and late tax payment penalties from the IRS. Here are seven important points about penalties for filing or paying your taxes late: If you requested an extension to file your individual income tax return and paid at least 90 percent of the taxes you owe with your request, you may not face a late payment penalty. However, you must … [Read more...]

Last Minute Tax Tips

Just getting around to doing your taxes?     You are in good company – as of today, nearly 40 million taxpayers have yet to file their returns for 2016. But don't worry. There is still time to get your taxes done correctly and filed on time. “With the tax deadline approaching, taxpayers shouldn’t panic. The IRS has many options available to help people as they … [Read more...]

What Self-Employed Taxpayers Should Know About Filing Their Tax Returns

  The IRS offers these 6 tips for self-employed taxpayers: If you are an independent contractor or run your own business, there are a few basic things to know when it comes to your federal tax return. Here are six tips you should know about income from self-employment: Self-employment income can include income you received for part-time work. This is in … [Read more...]

Common Tax Filing Errors to Avoid

Making a mistake on your tax return will likely delay IRS processing. This could hold up your refund and cause other headaches. You can avoid many common errors by filing electronically through the IRS or a professional tax preparer. Some errors are simple, and a surprising number of returns get held up due to: Missing or Inaccurate Social Security Numbers. Be sure to … [Read more...]

New Accounting Job Openings 7/1/16

Did you just finish school and you're looking to put that accounting degree to use? Been in the accounting world for a couple of years and looking for something better? Carpenter, Evert and Associates CPA has a full-time permanent staff accountant position available. Carpenter Evert is a leader in nonprofit auditing and accounting in the Twin Cities. We are a close-knit … [Read more...]

Record Retention for Businesses – Don’t Get Buried!

Guidelines for Business Record Retention As your business grows, it is hard to keep track of all the paperwork that comes with owning a business. Having a record retention schedule for document storage can save a lot of space and headaches. Carpenter, Evert and Associates has compiled a comprehensive list of business documents and guidelines on how long to store the … [Read more...]

Small Business Week – Helpful Resources for Entrepreneurs

It's National Small Business Week! Sponsored by the Small Business Administration, this week celebrates the American entrepreneurial spirit with events throughout the country and access to vital information that every small business owner needs. Whether you’re starting a new business or managing an existing one, you need as many resources as possible to help you … [Read more...]