HOW TO SAFELY NAVIGATE ICY ROADS

February 2, 2017

By Gary Sorenson, CEA, CLCS, PLCS, President, Insurance Brokers of Minnesota
With winter weather in full swing you might encounter some snow packed and icy roads during winter season here in Minnesota. Let’s take a look at how you can keep yourself, your family and your vehicle safe when the roads become hazardous due to extreme [...]

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BETTER LATE THAN NEVER

February 2, 2017

By Roben D. Hunter, JD, CPA, CVA, MAFF, Hunter Advisors, PLLC
Governor Mark Dayton recently signed tax legislation that retroactively conforms most state corporate and personal income tax provisions to the federal changes that have been enacted since December 31, 2014.
Two provisions that did not change to the federal provisions, however, were bonus depreciation and IRC [...]

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GRATITUDE

February 2, 2017

By Robert Sicora, Sicora Consulting, Inc.
“Showing gratitude is one of the simplest yet most powerful things humans can do for each other.” -Randy Pausch
Gratitude is often underutilized, even though it is one of the easiest way to increase engagement within an organization.
Inspired by this, I have been reading up on research that speaks to what [...]

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NEW DEPARTMENT OF LABOR STANDARDS: A MINIMUM $47,476 SALARY AND THE DISAPPEARING INDEPENDENT CONTRACTOR

October 26, 2016

By Robert S. Halagan, Halagan Law Firm, Ltd.
The Department of Labor (“DOL”) has taken an aggressive approach in setting new standard for overtime exemption and determining when an independent contractor is really an employee.  Effective December 1, 2016, $47,476 is the new minimum salary required for an employee to be considered exempt from overtime requirements [...]

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THE TOP 11 REASONS ACCOUNTABILITY ELUDES YOUR ORGANIZATION

October 24, 2016

By Kelli Hoskins, Master Business Coach
When I speak with business owners, one of the most frequent questions I get asked is ‘How do I get my people to do what I need them to do?’ i.e. How do I hold them accountable?  Holding others accountable, or fear of holding others accountable, is one of the [...]

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IRS PROPOSED REGULATIONS TARGET GIFT AND ESTATE TAX PLANNING STRATEGIES

October 24, 2016

By Roben D. Hunter, JD, CPA, CVA, MAFF, Hunter Advisors, PLLC
The IRS has released proposed regulations that would close so-called tax loopholes that many wealthy taxpayers have used to minimize transfer taxes (such as gift and estate taxes) when transferring interests in a closely held family business to relatives. If finalized, the regulations would significantly [...]

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8 FACTORS OF ENGAGEMENT

October 24, 2016

By Robert Sicora, Sicora Consulting, Inc.
For the past twenty years I have worked with hundreds of organization, thousands of teams, and over 500,000 employees to help create a culture of engagement.
As a result of this work I have come up with a model of engagement that takes a very actionable, sustainable, and balanced approach to [...]

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HEALTHCARE COSTS IN RETIREMENT

October 24, 2016

By Mark Hegstrom, Managing Partner, Waterfront Financial Group

American workers are split about 50/50 when asked if they are confident they will have enough money to pay for medical expenses in retirement.
In a 2015 survey, 42% of all workers reported they were “not too” or “not at all” confident they would have enough money to [...]

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MINNEAPOLIS IMPOSES REQUIREMENT ON EMPLOYERS TO PROVIDE PAID SICK LEAVE

August 1, 2016

By Robert S. Halagan, Halagan Law Firm, Ltd.
Are you an employer within the geographic boundaries of Minneapolis? If so, and you have six or more employees, you will be covered by a new Ordinance passed by the Minneapolis City Council requiring paid sick and safe time for workers who work at least eighty (80) hours [...]

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HOW BUSY BUSINESS OWNERS CAN CREATE ORDER FROM CHAOS

July 28, 2016

By Kelli Hoskins, Master Business Coach
If you are like many of the business owners I connect with, the drought has started to break and the phone is ringing again.  Finding new customers and increasing sales is no longer the main problem you face in your business.  The good news is you’re busy again.  Busy enough [...]

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CHOOSING A RETIREMENT PLAN THAT FITS YOUR BUSINESS

July 28, 2016

By Mark Hegstrom, Managing Partner, Waterfront Financial Group
One survey found that the most pressing financial concern facing 42% of small business owners is developing a retirement plan and exit strategy.¹ If you have yet to develop a retirement plan for your business, or if you’re not sure the plan you’ve chosen is the right one, [...]

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FOUR COMMERCIAL AUTO ENDORSEMENTS EVERY INSURED SHOULD CONSIDER

July 28, 2016

By Gary Sorenson, CEA, CLCS, PLCS, President, Insurance Brokers of Minnesota
Regardless of the industry or state of operation, the following four endorsements alter the availability of coverage for exposures common to most insureds:
Employees as Insureds

This endorsement closes these gaps and seeming inequities by altering the definition of “Who is an Insured” to include an employee [...]

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RECENT LAW CHANGES AFFECTING MINNESOTA ESTATE PLANS

July 28, 2016

By Kevin Lanigan, Carlson Estate Planning
In the past several years, significant changes have been made to Federal and the Minnesota tax laws which affect estate planning. The net effect of these changes has been significantly reduced or eliminated estate taxes for many Minnesotans, but has also resulted in the need for many clients to review [...]

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ENGAGEMENT SWEET SPOT

July 28, 2016

By Robert Sicora, Sicora Consulting, Inc.
Often, I get asked how you can keep the finger on the pulse of engagement in real time, and how you get to the core of engagement for people – especially millennials. This question is always very exciting, because I love exploring different questions that are asked to measure engagement [...]

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THE NEW MINNESOTA LLC ACT

October 7, 2015

By Robert S. Halagan, Halagan Law Firm, Ltd.
Effective August 1, 2015, the Minnesota Legislature adopted a new law governing Limited Liability Companies (“LLC”).  This law has the greatest impact on new LLCs but also has implications for existing LLCs and the relationship between their member/owners.  The adoption of the new law is intended to reduce [...]

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