blog
August 12, 2020
President Trump Signs Three Memorandums and One Executive Order Providing COVID Assistance

On August 8, 2020, President Trump issued an Executive Order and three Memorandums that provide and/or extend COVID-19 relief to individuals and businesses. One Memorandum provides for supplemental unemployment payments to certain eligible claimants up to $400 per week until the earlier of when the $25 billion allocate...

August 10, 2020
Journal Entries May Signal Financial Statement Fraud

With a median loss of $954,000, financial statement fraud is the costliest type of white-collar crime, according to the Association of Certified Fraud Examiners. Fortunately, auditors and forensic accountants may be able to detect inflated income and other financial manipulation by testing journal entries....

August 6, 2020
Washington County Small Business Relief Grant Program

Washington County is launching a $10 million program to provide grants to small businesses within the county to help them recover from the ongoing impacts of COVID-19. The fund will provide one-time grant awards of up to $15,000 are available to eligible applicants to assist with non-payroll expenses, including rent, m...

August 4, 2020
PPP Forgiveness FAQ Guidance August 4, 2020

We just got new guidance from the SBA that covers a bunch of the outstanding questions we’ve had about PPP Loan Forgiveness. Let’s go through a quick overview of the key points that seem most important to us. ...

August 3, 2020
Ramsey County Provides Small Business Relief

Ramsey County is providing emergency assistance to small local businesses adversely impacted by the COVID-19 pandemic. ...

July 30, 2020
Small Business Emergency Funding for Hennepin County

Hennepin County is announcing the availability of $10 million towards a new round of emergency funding for small businesses impacted by COVID-19....

July 28, 2020
Main Street Lending Program Now Open to Nonprofit Applicants

Last week, the Federal Reserve announced that not-for-profit organizations now may apply for loans under the $600 billion Main Street Lending Program. Previously open only to for-profit businesses with more than 100 employees, the program offers low-interest loans with relatively relaxed repayment terms. If your organi...

July 28, 2020
Grant Program Available for Dakota County Businesses

For our business owners who have business in Dakota county and have been impacted by COVID 19, we wanted to let you know of the Dakota County Loan Program available to you.  Up to $10,000 is available for eligible businesses.  You can apply from July 27 - August 14.  The details are as follows:...

July 22, 2020
Bloomington Small Business Emergency Assistance Loans

We know these are challenging times we're facing.  The federal government has created some programs to assist, Minnesota has provided programs, and now our cities are willing to help out.  If you have a business in Bloomington, there is a program they have kicked off - the Bloomington Small Business Emergency Loan Assi...

July 16, 2020
To Find New Revenue Opportunities, Think Like an Auditor

Want to increase your not-for-profit’s revenue? First try analyzing current income as a professional auditor might. Then, you can apply your conclusions to setting annual goals, preparing your budget and managing other aspects of your organization. Find new nonprofit revenues by thinking like an auditor....

July 13, 2020
An Advisory Board can Complement your Nonprofit’s Board of Directors

Your not-for-profit has a board of directors — so why would it need an additional advisory board? A nonprofit advisory board can complement your board of directors. Some organizations assemble advisory boards to provide expertise for a specific project, such as a fundraising campaign. Other organizations use them to gi...

June 26, 2020
Webinar Recording: PPP Loan Forgiveness – The Final Frontier

This PPP Loan Forgiveness webinar was presented on June 25, 2020 by CPAs Chris Wittich and Stacy Shaw along with members of Boyum Barenscheer's COVID-19 Resource Team.  The webinar reviewed the changes and updates to the PPP Loan Program including two new loan forgiveness applications and new rules and regulations....