JAK + CO.

Certified Public Accountants

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Choosing a Personal Representative for Your Estate, Part 1: Why It Matters

February 4, 2021 By JAK + CO.

Choosing a Personal Representative for Your Estate | JAK + CO.

By Cynthia McLagan, EA  Choosing a personal representative is one of the most consequential decisions you’ll make when planning your estate. Failing to choose the right person—family member or otherwise—could result in the mismanagement of your estate. This, of course, could cause your wishes to be disregarded. If you don’t name a personal representative in your will, […]

Filed Under: Cynthia McLagan Tagged With: Accounting, accounting firm, Audit, Beneficiaries, benefits, Bookkeeping, Business, business consulting, Business Management

Choosing a Personal Representative for Your Estate, Part 2: Avoiding Family Feuds

February 4, 2021 By JAK + CO.

Choosing a Personal Representative for Your Estate

By Cynthia McLagan, EA  In Part 1 of this two-part blog series, I explained the role of a personal representative and why it’s so critical to your estate. You can read it here.  When choosing a personal representative for your estate, your first choice is likely to be a family member, such as your eldest child. But this might not always […]

Filed Under: Cynthia McLagan Tagged With: Accounting, accounting firm, Audit, Beneficiaries, benefits, Bookkeeping, Business, business consulting, Business Management, Business Succession

How COVID Could Impact Your 2020 Financial Statements

February 2, 2021 By JAK + CO.

How COVID Could Impact Your 2020 Financial Statements

By Joy McAdoo, CPA  As we move into 2021, the COVID-19 pandemic continues to impact our way of life and, subsequently, our businesses. Not surprisingly, it continues to impact different businesses—and even different lines of business—in varying ways. Some businesses are having trouble keeping products in stock. Others, such as many within the hospitality industry, are struggling to keep the doors open.   […]

Filed Under: Joy McAdoo Tagged With: Accounting, business consulting, Business Management, Construction Accounting, Consulting, internal controls

Is Your Company a Good Candidate for an ESOP?

December 29, 2020 By JAK + CO.

 By Kyla Hansen, CPA, CVA An employee stock ownership plan (ESOP) can be a great way to transition your business and give back to your employees. But it’s not ideal for everyone. Before you move forward with an ESOP, it’s wise to do your homework and make sure it’s right for you. (This is partly […]

Filed Under: Accounting, Business Tax, ESOP, Kyla Hansen Tagged With: Business, business consulting, Business Management, Business Succession, internal controls, retirement

Why You Need a CPA on Your Team

December 21, 2020 By JAK + CO.

By Kyle Sturgeon, CPA, MBA When you’re running a business, you can easily become lost in a laundry list of to-dos. This is especially true if you’re just getting started. There are tax forms to file, operating agreements to execute, and marketing plans to finalize, to name a few. But whether you’re in the startup […]

Filed Under: Accounting, Business Tax, Consulting, Kyle Sturgeon Tagged With: Accounting, Business, business consulting, Business Management, Consulting, internal controls, Tax Planning

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1781 Prior Avenue North
Falcon Heights, MN 55113
Main 651.641.1099
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John A. Knutson & Co., PLLP

John A. Knutson & Co., PLLP, (JAK) is a Twin Cities-based accounting firm serving clients throughout Minnesota and beyond. A Team Committed to Quality Beyond Expectations

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