Logical Ledger - Bookkeeping & Payroll

02/17/2026

Consider 7 key moves to help reduce taxes on your income and investments.

12/16/2025

Minnesota's Pass Through Entity tax expiring for 2026:

The Pass-Through Entity (PTE) Tax allows a qualifying entity to pay income tax on behalf of their partners, members, or shareholders.

12/16/2025

Read about employer responsibility for MN Paid Family & Medical Leave

Paid Leave is a new way to support your employees when they need it most. Learn about your roles and responsibilities as an employer, and how Paid Leave can work for you and your organization.

02/19/2025

Corporate Transparency Act Reporting Requirements Back in Effect with Extended Reporting Deadline; FinCEN Announces Intention to Revise Reporting Rule

Following the February 18, 2025, decision by the U.S. District Court for the Eastern District of Texas in Smith, et al. v. U.S. Department of the Treasury, et al., 6:24-cv-00336, the Financial Crimes Enforcement Network (FinCEN) has announced that beneficial ownership information (BOI) reporting requirements under the Corporate Transparency Act are back in effect, with a new deadline of March 21, 2025 for most companies.

FinCEN has also announced that it will assess its options to further modify deadlines, while prioritizing reporting for those entities that pose the most significant national security risks. FinCEN intends to initiate a process this year to revise the BOI reporting rule to reduce burden for lower-risk entities, including many U.S. small businesses.

Be sure to file FREE with the actual government link (search results will include sponsored that will charge a fee for the filing).

08/19/2024

Looking for a Bookkeeper to join our team!

Qualifications
• The ideal candidate will have a strong background in Quickbooks, both desktop and online versions
• Data entry, bank feeds, accounts payable, accounts receivable, journal entries, financial reporting
• Degree in, or studying for, accounting or finance
• 2 - 3 years of experience in bookkeeping, accounting, or a related field
• Advanced use of Microsoft Office Suite
• Familiarity with financial reporting and tax regulations
• Excellent attention to detail and organizational skills
• Strong communication and interpersonal skills
• Ability to work independently and as part of a team
• Proactive problem solver with a can-do attitude
• If you are a highly motivated and detail-oriented bookkeeper with a passion for accuracy and process improvement, we want to hear from you!

Responsibilities
• Manage all aspects of accounts payable and accounts receivable, including processing invoices, issuing payments, and reconciling accounts
• Maintain accurate financial records and prepare monthly financial statements
• Prepare and file monthly sales tax
• Prepare and file quarterly and annual payroll tax returns
• Assist with budgeting and forecasting
• Ensure compliance with all accounting regulations and company policies
• Collaborate with multiple clients
• Continuously identify opportunities for process improvement and implement solutions

Benefits
• $25-$35 per hour BOE
• This is a full-time position
• PTO
• Simple IRA after 90 days

09/28/2023

MN Dept of Labor
Wage and Hour Bulletin
September 2023

Earned sick and safe time FAQs added, new video available
Image removed by sender. earned sick and safe leave video

DLI has added frequently asked questions on its website about the new earned sick and safe time law, which goes into effect Jan. 1, 2024.

Questions and responses include example scenarios and different options employers may take to implement the law in their workplaces, including accrual, front loading and carryover provisions.

DLI has also posted a new video that gives an overview of the earned sick and safe time law.

Earned sick and safe time is paid leave employers must provide to employees in Minnesota beginning Jan. 1, 2024, that can be used for certain reasons, includ...

07/21/2022

https://www.bbb.org/us/mn/montrose/profile/bookkeeping-services/logical-ledger-bookkeeping-inc-0704-1000056849

06/16/2022

Minnesota Local Minimum Wage Increases
On July 1, 2022, the minimum hourly wage in several Minnesota localities will increase as follows:

Minneapolis:

Employers with 1–100 employees: $13.50
Employers with 101 or more employees: $15.00

St. Paul:

Employers with 1–5 employees: $10.75
Employers with 6–100 employees: $12.00
Employers with 101–10,000 employees: $13.50
Employers with 10,001 or more employees: $15.00

06/15/2022

The IRS increased the mileage rate to 62.5 cents per mile, which is a 4 cent increase from the previous rate.

The IRS will boost the standard mileage rate by 4 cents, to 62.5 cents per mile, starting on July 1. The midyear change is due to soaring gas prices.

05/20/2022

If you use QuickBooks for Mac, check out this "What's New" video posted by Intuit.

QuickBooks Mac Plus helps you organize your business finances all in one place so you can be more productive. With 2022 you can accomplish more, in less time...