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Cash Flow vs. Profit: What Small Business Owners Need to Understand to Stay Financially Healthy
Cash Flow vs. Profit: What Small Business Owners Need to Understand to Stay Financially Healthy Many small business owners prioritize profit first when reviewing their finances. If sales are strong and revenue is growing, things must be going well, right? Not always....
Small Business Bookkeeping Tips That Help You Stay Profitable Year-Round
Small Business Bookkeeping Tips That Help You Stay Profitable Year-Round Running a small business takes focus, energy, and constant decision-making. Every day, you’re balancing sales, operations, and customer needs. But one area that often gets pushed aside is...
Why Professional Payroll Services Keep Your Business Running Smoothly
Running a business means juggling numerous moving parts: customers, employees, inventory, and everything in between. But there’s one area where mistakes can cause instant headaches: payroll. If you’ve ever missed a payday, miscalculated taxes, or struggled with...
What Comes After Your October Tax Filing?
Understanding Your October Filing When many individuals or businesses file by October it’s usually because they’ve filed an extension. The standard U.S. federal filing deadline for most calendar-year taxpayers is around April 15. Filing in October means you requested...
Why Three Pillars Bookkeeping
How to Check Your Federal Tax Return Status (IRS) Online via IRS "Where’s My Refund?" Visit IRS.gov and click “Where’s My Refund?” or use the IRS2Go mobile app You'll need: Your Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN) Your...
What to file for 2nd quarter returns and by when
What Q2 Means & Deadlines Quarter 2 covers April 1 – June 30. Key deadlines: Sales & Use Tax (if quarterly): due July 20, 2025 Withholding & Unemployment Tax Returns: due July 31, 2025 Estimated Payment: for federal and MN, due June 15, 2025 for...
What Is a Fractional CFO for the Small Business Owner?
Running a small business in Forest Lake, MN, comes with both passion and pressure. You’re juggling sales, operations, marketing, and—let’s not forget—your finances. That’s where a fractional CFO comes in. At Three Pillars Bookkeeping and Accounting, we’re proud to...
Top Smart Financial Management Tips in May After Tax Season (By Forest Lake Experts)
Introduction: A Fresh Start with Financial Clarity Tax season has come and gone. The stress of forms, deadlines, and receipts may finally be behind you, but the story doesn’t end there. In fact, May is the perfect time to regroup, reflect, and reset your financial...
Top 7 Powerful Reasons to Hire an Accountant for Personal Taxes
In Forest Lake, MN, where lakeside views and small-town charm meet busy modern lives, managing your personal taxes might not be at the top of your to-do list. Tax season arrives with all its forms, deadlines, and questions—and for many, it brings a wave of confusion...
Beneficial Ownership Information Report (BOIR): What You Need to Know
Understanding the Beneficial Ownership Information Report (BOIR) The Beneficial Ownership Information Report (BOIR) is a crucial compliance requirement that affects small businesses, corporations, and limited liability companies (LLCs). The Financial Crimes...
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Your books should give you peace of mind, not stress. Let’s build a financial foundation that helps you make confident decisions and stay ready for what’s next. We’ll review your current systems, identify opportunities for improvement, and show you how Three Pillars can help your business thrive.