blog
March 31, 2020
COVID-19 Summary and Resources – March 30, 2020

As I put together this document of the timeline, summaries and resources for you, I wanted to share what message I printed out and shared with my daughters as they start their first day at home of flex learning: Don’t Stress, Do Your Best, Forget the Rest...

March 31, 2020
How COVID-19 Poses New Fraud Threats to Vulnerable Businesses

Scam artists know how anxious business owners are so now there are COVID fraud threats to vulnerable businesses. They know that as you struggle to meet customer demands, pay employees and stay solvent, you’re more likely to drop your guard and fall for a fraud scheme. The last thing your business needs right now is to ...

March 30, 2020
Retirement Plan Provisions of the CARES Act

The COVID-19 generated CARES Act contains provisions for retirement plan distributions and qualified individuals affected by the coronavirus. Details follow on each of these 5 provisions....

March 30, 2020
CARES Act – Education Related Provisions

The CARES Act, created due to the COVID-19 pandemic, addresses some educational related provisions designed to assist in student loan payments.  These provisions include suspensions of payments and some canceling of debt. Here are some details:...

March 30, 2020
COVID-19 SBA Loans Available

Due to the COVID-19 pandemic and its affects on small businesses, the SBA now has two loans available to help your small business through these unusual and trying times.  Here is a quick summary on the Economic Injury Disaster Loan and the Paycheck Protection Loan....

March 30, 2020
Update and Resources for Nonprofits During the COVID-19 Pandemic

There is a ton of information coming at everyone from many different directions about new laws and resources that have recently surfaced due to the COVID-19 pandemic and its economic effects. My goal in this blog is to summarize the information that is relevant to nonprofit organizations and connect you to more detaile...

March 30, 2020
CARES Act – Tax Summary

Congress has just passed a new bill, called the CARES Act to provide stimulus and relief for the coronavirus situation.  There are many aspects of the bill ranging from loan forgiveness, unemployment insurance expansion, healthcare provisions, student loan provisions, SBA loans and more.  I have focused on just the tax...

March 27, 2020
CARES Act – Stimulus Checks

Congress has just passed a new bill called the CARES Act to provide stimulus and relief for the Coronavirus situation.  One of the biggest parts of the bill is stimulus money that will come directly to individual taxpayers in the next few weeks.  Chris Wittich, CPA and tax partner with Boyum Barenscheer discusses this...

March 27, 2020
CARES Act – Individual Tax Provisions

Congress has just passed a new bill called the CARES Act to provide stimulus and relief for the Coronavirus situation.  Chris Wittich, CPA and tax partner with Boyum Barenscheer discusses the individual tax provisions of the bill....

March 27, 2020
CARES Act – Business Tax Provisions

Congress has just passed a new bill called the CARES Act to provide stimulus and relief for the coronavirus situation.  Chris Wittich, CPA and Partner with Boyum Barenscheer shares insight on the business tax provisions of the CARES Act....

March 27, 2020
COVID-19 Impacts on the Employee Benefit Plan Deadlines

With the COVID-19 pandemic changing the way businesses are operating on a daily basis from locally to world-wide, the employee benefits plan auditing industry is also facing changes. The SECURE Act and retirement plan filing requirements have experienced impacts....

March 27, 2020
Calls with the Governor’s Office

The Minnesota Council of Nonprofits is hosting a series of “Calls with the Governor’s Office”. The first of four calls of this free event is Monday, March 30 from 11:30 am to 12:15 pm featuring updates for nonprofits on Minnesota’s response to COVID-19....