Charitable Donations and Business Taxes: Learn About the Guidelines for Giving Back

Illustration showing raised hands with hearts to portray charitable donations for business.

By making a charitable contribution, your business can help people in need while potentially reducing your tax burden.  However, there are rules and restrictions you should consider before contributing your money to a cause.  From your corporate structure to the nature of your donation, here’s a primer on what you should know about tax-deductible charitable… Read more »

4 Easy Ways To Make Family Budgeting Fun

Father and daughter save money together with piggy bank

Setting spending limits and crunching numbers isn’t a traditional recipe for family fun. But it is possible to make the process of creating, maintaining and benefiting from family budgets an enjoyable one. You can also involve kids to start teaching them about the value of money and how saving works – important lessons that can… Read more »

Charitable Giving: Make a Big Impact on a Small Budget

Little girl plants tree in earth with parents’ hands helping

Between medical expenses, car payments and rent, it can be hard to find room in your budget to give, no matter how much you want to contribute to a good cause. With the following tips, you can still help those in need even while on a tight budget yourself.  Pick a Cause You Care About… Read more »

How to Estimate Your Mortgage Payment Using an Automatic Calculator

Young woman calculates her mortgage payment on a new home using Minster Bank’s automatic mortgage calculator

If you’re thinking of buying a home in the near future, you may be planning your next steps. Perhaps you’ve browsed real estate listings online, but you’re not exactly sure what would work for you financially. Before you start looking at potential homes, you need to know what your budget is ― in other words,… Read more »

Where Everybody Knows Your Name: Troy Salon & Day Spa and Minster Bank

Front of the Troy Salon & Day Spa building in Troy, Ohio.

Char Bruggeman has been running Troy Salon & Day Spa for almost 10 years, and she says Minster Bank’s personal service is what sets them apart and kept her with Minster Bank all these years. “I love every one of them there,” she said. “When I walk in, it’s so homey because everybody calls you… Read more »

4 Questions That Can Help Reduce Employee Turnover

Two employees communicating about strategies to reduce employee turnover at their small business

Did you know the cost to replace an employee can be thousands of dollars? If you don’t want to spend that kind of money – and who does? – it’s key to keep the employees you already have.  While some turnover is expected, taking action now will go a long way toward keeping your company… Read more »

Should I Outsource or Hire a Bookkeeper?

Woman works as a bookkeeper for a small business checking the accounts.

Bookkeeping is the daily process of keeping records of all of a company’s financial transactions. A bookkeeper records the expenses, sales, and bank and cash transactions of a business in a general ledger, the accuracy of which is of the utmost importance come tax season. Depending on the size of your business and the number… Read more »