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Coborn’s acquires two new stores
It's Tax Time? Always.
Coborn’s Inc. signed a
Companies can reduce stress at tax time by taking small steps all year.
purchase agreement to acquire two grocery stores in Aberdeen and Miller, South Dakota.
By Aaron Traut
The stores were operated by the Kessler family under the Kessler’s Food and Grocery banner. The approximately 250 employees at these stores will be hired by Coborn’s.
Lutgen receives service award Lutgen Companies received the Master Elite President's Club Award from roofing manufacturer GAF. This award is given to GAF-certified roofing contractors who consistently demonstrate excellence in performance, reliability, and service.
BCI announces promotions Several BCI employees have recently been promoted to new roles. Elliot Williams was promoted to site superintendent; Emma Anderson
T
ax time can be daunting for small business owners. With proactive planning and regular financial management, you can ease the burden and make the process smoother.
and Jonathon Rau were
Keep Accurate and
promoted to associate project
Up-to-Date Records
managers; Emma Christianson
One of the most important things you can do is maintain accurate and up-todate financial records. This includes tracking all income, expenses, and receipts. Use accounting software like QuickBooks to automate
and Ryan Pitman were promoted to project coordinators.
Larson recognized by Marquis Chase Larson, executive vice president at St. Cloud Financial Credit Union, has been selected for inclusion in Marquis Who's
this process. Regularly updating your records will save you time and effort when it comes to filing your taxes. There are numerous apps and software available that can help you track expenses, manage invoices, and pay bills. Using these tools can save you time and reduce the risk of errors. Separate Personal and Business Finances
It's crucial to keep your personal and business finances separate. Open a dedicated business bank account and use it
exclusively for business transactions. This will make it easier to track your business expenses and income, and it will also simplify the process of claiming deductions. Choose credit cards with distinctly different colors for business and personal use. This simple visual cue can help you easily distinguish between business and personal expenses, making financial management more straightforward and reducing the risk of using the wrong card.
Who. Factors such as position, noteworthy accomplishments, visibility, and prominence in a field are all taken into account during the selection process.
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Contributor ________ Aaron Traut is a principal at CLA, providing assurance, tax, and consulting services to closely held companies in manufacturing, distribution, technology, and retail.