Blog

Becky Gibbs | Jan. 14, 2026
2026 Audit Readiness: What Your Business Needs to Do Now
Is your business prepared for audit season? Instead of thinking about what auditors need, focus on what matters most for…
Becky Gibbs | Dec. 9, 2025
The Hidden Cost of Outdated Internal Controls: Why Your Business Can’t Afford Weak Financial Safeguards
What if the biggest threat to your business isn’t a competitor or market downturn, but something hiding in plain sight…
Steph Rausch | Oct. 31, 2025
Summary of Changes to the Accounting Standards and Accounting Standards Updates (ASUs) – Impacting Private Companies with Reporting Periods Ending December 31, 2025
For private companies with a December 31, 2025 year-end, there are a handful of key changes to the accounting standards…
Becky Gibbs | Oct. 16, 2025
14 Strategic Reasons to Invest in CPA-Prepared Financial Statements
For many business owners, financial statements are seen primarily as a compliance task, something to complete for tax season or…
Becky Gibbs | Mar. 10, 2025
FAQs About Reporting Subsequent Events
Subsequent events are in the spotlight these days. The audit guidance hasn’t kept pace with changes in financial reporting frameworks,…
Emblem of value added
Ashley Sparks | Nov. 25, 2024
Do Reviewed or Audited Financial Statements Add Value?
Many privately held companies have their financial statements compiled, reviewed or audited due to requirements from a governmental agency, lender,…
Becky Gibbs | Nov. 20, 2024
How Do Accounting and Tax Profitability Metrics Differ
The pretax (accounting) profit that’s reported on your company’s income statement is an important metric. Lenders, investors and other stakeholders…

Get In Touch

This field is for validation purposes and should be left unchanged.
This field is hidden when viewing the form

This field is hidden when viewing the form

Get in touch with Boyum & Barenscheer

We are a full-service Twin Cities CPA and advisory firm providing proactive tax, audit, and outsourced accounting services to help individuals, nonprofits and businesses achieve long-term success.

Contact Us
Info@myboyum.com

Home Office:
3050 Metro Drive, Suite 200
Bloomington, MN 55425

952-854-4244