Device policies pertaining to smartphones and other technology tools are evolving. Loose “bring your own device” (BYOD) policies are giving way to stricter “choose your own device” (CYOD) or “corporate-owned, personally enabled” (COPE) policies. A CYOD policy lets employees buy a device for combined personal/work use from a company-approved list. Generally, the employee owns the device while the business owns the SIM card and any proprietary data. Under a COPE policy, the employer buys and owns the device, which is intended for business use. The cost is higher, but it comes with greater control. We can help you analyze the potential costs of a device policy and make the right choice.

You may wonder if you can get a tax break for medical and dental expenses, as well as prescription drugs. Here’s what it takes and how you might be able to benefit by moving certain expenses into 2019.

There may still be opportunities to reduce your company’s 2019 tax bill.

The best salespeople are closers, who seal the deals and pull in the revenue that drives a company’s bottom line. And they all have these three things in common.

The 2019 Minnesota MANUFACTURING CONFERENCE Strengthen. Unify. Educate. Wednesday & Thursday, October 16 & 17, 2019 Minneapolis Marriott Northwest 7025 Northland Drive, N., Brooklyn Park, MN 55428 The Minnesota Precision Manufacturing Association (MPMA) and the Manufacturers Alliance are co-hosting The…

LB Carlson was a proud beverage and hole sponsor at the Minnesota 63rd Annual PIM (Printing Industry Midwest) Golf Outing on August 8th, 2019 held at Bunker Hills Golf Club, Coon Rapids, MN.

The IRS has launched a special campaign encouraging taxpayers to perform a “paycheck checkup” to ensure the right amount of tax is being withheld from their paychecks for 2019. This is particularly important given changes implemented by the Tax Cuts…

LB Carlson was involved throughout the entire process including; initial valuation and assessment of investment opportunity, Letter of Intent negotiations, preparation of financial projections, due diligence, financing assistance, review of definitive agreements, structuring, general consultation and advisory to John Roberts…

Ask many entrepreneurs and small business owners to show you their financial statements and they’ll likely open a laptop and show you their bookkeeping software. Although tracking financial transactions is critical, spreadsheets aren’t financial statements. In short, financial statements are…

It’s not just businesses that can deduct vehicle-related expenses. Individuals also can deduct them in certain circumstances. Unfortunately, the Tax Cuts and Jobs Act (TCJA) might reduce your deduction compared to what you claimed on your 2017 return. For 2017,…

We are pleased to announce the following promotions to Principal at LB Carlson: Dan is a leader in the Minneapolis office attest department providing outstanding client service and creative solutions that contribute to the success of our clients. His dedicated…

Speaker Mel Enger, LB Carlson: Planning for Profits on What You Have

Mel is the president of LB Carlson, and the managing partner of the Minneapolis office…

The Tax Cuts and Jobs Act made major changes to the tax code including a new deduction for business to take a 20% deduction on Qualified Business Income. For many operating businesses it is pretty straight forward as to whether…

What’s all the hype about this new tax law? The Tax Cuts and Jobs Act of 2017 encompassed many federal tax law changes that will affect your 2018 tax filings. A highlight of some changes include:   Higher standard deductions…

On October 25th, LB Carlson was a sponsor for the MPMA Manufacturing/NEXT 2018 meeting featuring Titon Gilroy as the keynote speaker.  His powerful message was “Inspiring the Next Generation of Manufacturers” by engaging the younger generation through the utilization of…