hagakommer.com RSS Feed https://hagakommer.com/ Take a look at our recent blog posts and client newsletter articles. en-us Wed, 15 May 2024 00:00:00 +0000 Wed, 15 May 2024 00:00:00 +0000 Steps to Take When Your Business Is Late to File Taxes https://www.hagakommer.com/newsletter.php#feed_2308

Filing taxes late can be a daunting situation for any business owner. Whether it’s due to unforeseen circumstances, administrative oversights, or simply procrastination, being behind on tax filings can lead to penalties and headaches. However, not all hope is lost. In this guide, we’ll walk you through the steps you need to take when your […]

The post Steps to Take When Your Business Is Late to File Taxes first appeared on www.financialhotspot.com.
Wed, 15 May 2024 00:00:00 +0000 https://www.hagakommer.com/newsletter.php#feed_2308
Tax Planning Tips for Single-Parent Households https://www.hagakommer.com/newsletter.php#feed_2300

Being a single parent comes with its unique set of challenges, and managing finances is often at the top of the list. Tax planning is an essential aspect of financial management, and single parents can benefit greatly from understanding how to navigate the tax system effectively. In this blog post, we’ll explore five tax planning […]

The post Tax Planning Tips for Single-Parent Households first appeared on www.financialhotspot.com.
Wed, 08 May 2024 00:00:00 +0000 https://www.hagakommer.com/newsletter.php#feed_2300
How to Craft a Better Business Pitch https://www.hagakommer.com/newsletter.php#feed_1718

Creating a business pitch can be one of the most challenging parts of the early business development process. You want to introduce potential investors to your business idea and show them why they should put their hard-earned money into your company. As such, you need a persuasive business pitch that will promote your ideas effectively and instill […]

The post How to Craft a Better Business Pitch first appeared on www.financialhotspot.com.
Tue, 07 May 2024 00:00:00 +0000 https://www.hagakommer.com/newsletter.php#feed_1718
To Get an "Early" Refund, Adjust Your Withholding https://www.hagakommer.com/newsletter.php#2 If you received a large refund this year, you may want to adjust your withholding. Each year, millions of taxpayers claim an income tax refund. To be sure, receiving a payment from the IRS for a few thousand dollars can be a pleasant influx of cash. But it means you were essentially giving the government an interest-free loan for close to a year, which isn't the best use of your money. Wed, 01 May 2024 09:00:00 +0000 https://www.hagakommer.com/newsletter.php#2 The Advantages of Hiring Your Minor Children for Summer Jobs https://www.hagakommer.com/newsletter.php#1 If you're a small-business owner and you hire your children this summer, you may be able to secure tax breaks and other nontax benefits. The kids can gain bona fide on-the-job experience, save for college and learn how to manage money. You may be able to shift some of your high-taxed income into tax-free or low-taxed income, and, depending on the situation, you may realize payroll tax savings. Perhaps best of all, your kids will spend time with you. Wed, 01 May 2024 09:00:00 +0000 https://www.hagakommer.com/newsletter.php#1 3 Ways Your Business Can Uncover Cost Cuts https://www.hagakommer.com/newsletter.php#3 Every business wants to cut costs, but it isn't easy. We're talking about clear and substantial ways to lower expenses, thereby strengthening cash flow and giving you a better shot at strong profitability. Obvious places to slash costs (such as wages, benefits and overhead) often aren't viable options because the very stability of your operation may depend on them. But there might be other ways to lower expenses if you dig deeply enough. Here are three possibilities. Wed, 01 May 2024 09:00:00 +0000 https://www.hagakommer.com/newsletter.php#3 Smart Ways to Build a Vacation Fund https://www.hagakommer.com/newsletter.php#feed_2294

Dreaming of a getaway but feeling strapped for cash? Whether you’re yearning for a beach retreat, a cultural adventure, or simply a change of scenery, building a vacation fund doesn’t have to feel like an impossible feat. With some strategic planning and a bit of discipline, you can turn your travel aspirations into reality. In […]

The post Smart Ways to Build a Vacation Fund first appeared on www.financialhotspot.com.
Wed, 01 May 2024 00:00:00 +0000 https://www.hagakommer.com/newsletter.php#feed_2294
Tax records: What can you toss and what should you keep? https://www.hagakommer.com/newsletter.php#1 Generally, the IRS has three years to audit a tax return, from the later of the due date of the return or the date you file. You can also file an amended return within this time frame if you overlooked something. Mon, 01 Apr 2024 09:00:00 +0000 https://www.hagakommer.com/newsletter.php#1 Is Your Business Closing? Here Are Your Final Tax Responsibilities https://www.hagakommer.com/newsletter.php#3 Businesses shut down for many reasons. Examples include an owner’s retirement, a lease expiration, staffing shortages, partner conflicts and increased supply costs. If you’ve decided to close your business, you might need assistance with some steps in the process, including handling various tax obligations. Mon, 01 Apr 2024 09:00:00 +0000 https://www.hagakommer.com/newsletter.php#3 4 ways corporate business owners can help ensure compensation is “reasonable” https://www.hagakommer.com/newsletter.php#2 If you own a C corporation, you know there’s a tax advantage to taking money out as compensation rather than as dividends. The reason: A corporation can deduct the salaries and bonuses that it pays executives, but it can’t deduct dividend payments. Therefore, if funds are paid as dividends, they’re taxed twice, once to the corporation and once to the recipient. Money paid out as compensation is taxed only once, to the recipient employee. Mon, 01 Apr 2024 09:00:00 +0000 https://www.hagakommer.com/newsletter.php#2 Detroit Lakes Location Moves to One Location https://hagakommer.com/blog.php?id=12 Wed, 01 Jun 2022 14:00:00 +0000 https://hagakommer.com/blog.php?id=12 Wayne A Blosberg PA merges with Haga Kommer, CPA’s https://hagakommer.com/blog.php?id=10 With this merger comes Haga Kommer’s expansion into Spring Lake Park, MN. Mon, 31 Jan 2022 15:00:00 +0000 https://hagakommer.com/blog.php?id=10 Bekkerus Schott Helmeke DeConcini Johnson, CPA's merges with Haga Kommer, CPA's https://hagakommer.com/blog.php?id=9 With this merger comes Haga Kommer’s expansion into Perham. Mon, 01 Nov 2021 14:00:00 +0000 https://hagakommer.com/blog.php?id=9 Haga Kommer CPAs merges with Flynn Associates https://hagakommer.com/blog.php?id=8 Tue, 01 Jun 2021 14:00:00 +0000 https://hagakommer.com/blog.php?id=8 Tax Letter 2020 https://hagakommer.com/blog.php?id=7 Thu, 03 Dec 2020 15:00:00 +0000 https://hagakommer.com/blog.php?id=7 Imholte & Dahl, CPA's merges with Haga Kommer, CPA's https://hagakommer.com/blog.php?id=6 Tue, 03 Nov 2020 15:00:00 +0000 https://hagakommer.com/blog.php?id=6 Inc. Magazine Unveils Its Annual List of America's Fastest-Growing Private Companies-the Inc. 5000 https://hagakommer.com/blog.php?id=5 Thu, 13 Aug 2020 14:00:00 +0000 https://hagakommer.com/blog.php?id=5 Haga Kommer CPAs merges with Schmitz & Ketchum https://hagakommer.com/blog.php?id=4 Haga Kommer CPAs merges with Schmitz & Ketchum Wed, 02 Jan 2019 15:00:00 +0000 https://hagakommer.com/blog.php?id=4 Toby Kommer on 1100 AM \"The Flag\" CEO spotlight https://hagakommer.com/blog.php?id=3 Mon, 17 Sep 2018 14:00:00 +0000 https://hagakommer.com/blog.php?id=3 Haga Kommer, Ltd. Ranks No. 333 on the 2018 Inc. 500 With Three-Year Revenue Growth of 1482% https://hagakommer.com/blog.php?id=2 Haga Kommer, Ltd. Ranks No. 333 on the 2018 Inc. 500 With Three-Year Revenue Growth of 1482% Wed, 29 Aug 2018 14:00:00 +0000 https://hagakommer.com/blog.php?id=2 Rhonda Mahlum Merges with Haga Kommer CPAs https://hagakommer.com/blog.php?id=1 Thu, 18 Jan 2018 09:00:00 +0000 https://hagakommer.com/blog.php?id=1