A Guide To STARTING A BUSINESS IN MINNESOTA 43rd Ed 2025

• preparing reports to management on the strengths and weaknesses of internal accounting controls along with recommendations to correct the weaknesses • preparing bank loan applications for initial or expansion capital needs • computer selection, implementation and training; • providing advice on business valuations and mergers and acquisitions. The Minnesota Society of Certified Public Accountants maintains a free referral service to put businesses in contact with qualified CPAs. Contact the MNCPA at the telephone number listed in the Resource Directory section of this Guide. ENROLLED AGENTS Enrolled Agents are trained and experienced tax professionals who have either passed a comprehensive examination given by the Department of the Treasury or have had five continuous years of experience with the Internal Revenue Service at the audit level. Enrolled Agents must maintain their credentials through continuing tax education which is reported directly to the Internal Revenue Service. Enrolled Agents are trained to handle complex tax returns for individuals, partnerships, corporations and other tax entities, and are authorized to represent taxpayers at all administrative levels before the Internal Revenue Service. Information and referrals may be obtained from the Minnesota Society of Enrolled Agents at the telephone number provided in the Resource Directory Section of this Guide. PREPARE + PROSPER Prepare + Prosper is a nonprofit organization that assists low- to moderate-income people to build financial well-being through free tax preparation and financial services, products, and coaching. Volunteers are trained—those in the tax clinics are IRS-certified. Contact Prepare + Prosper at the contact information provided in the Resource Directory section of this guide. TAXPAYER EDUCATION WORKSHOPS The Minnesota Unemployment Insurance Program, Minnesota Business Tax Education Partnership offers free education seminars around the state to assist businesses. Call 651-259-7567. The Minnesota Department of Revenue offers classes, workshops and training events to help business owners understand their tax obligations and how to meet them. More information and schedules are available from the Minnesota Department of Revenue, Business Tax Education and Sales Tax Education or call 651-282-5225 or 800-657-3605. The Minnesota Department of Labor & Industry offers worker’s compensation training opportunities for: employees, employers, health care providers, insurers, and rehabilitation providers. Information and schedules are available at Work Comp: Training Opportunities.

271

Made with FlippingBook - Online Brochure Maker