Blog

Boyum Barenscheer | Jul. 15, 2024
Important Update for Nonprofit Clients Regarding Charitable Registration
Recently, the Charities Division has made a significant change to the banking information requirements for registration and annual report forms.…
John Csargo | Jul. 11, 2024
Consider Borrowing From Your Corporation but Structure the Deal Carefully
If you own a closely held corporation, you can borrow funds from your business at rates that are lower than…
Anna Lovegren | Jul. 10, 2024
How Your Board Should Evolve Over Your Nonprofit’s Life
One thing every new not-for-profit organization can count on is change. Ideally, the changes you experience will be for the…
Boyum Barenscheer | Jul. 10, 2024
Maximizing Impact with In-Kind Services: A Guide for Nonprofits
As a nonprofit organization in Minnesota, leveraging in-kind services can be a game-changer for your operations. These contributions, which come…
Barb Sawdy | Jul. 2, 2024
QuickBooks Desktop Discontinuation: What You Need to Know
QuickBooks Desktop, a cornerstone of small business accounting software for years, is being phased out by Intuit. As of June…
Emiley Sandvik | Jul. 2, 2024
Comprehensive Financial Support and Outsourced Accounting Services for Your Business
At Boyum Barenscheer, our Client Accounting Services (CAS) department is dedicated to helping your business achieve financial clarity and operational…
Kevin Berg | Jul. 1, 2024
Minnesota 2024 Legislative Session: Tax and Employment Law Changes Highlights
The 2024 legislative session in Minnesota ended on May 19, 2024 and brought some changes to the tax law as…
Melissa King | Jul. 1, 2024
Business Owners That Accepted VISA and Mastercard Payments Could Qualify for Class Action Settlement Payment
Over the years, business owners have been paying significant fees to process VISA and Mastercard credit card payments. As a…
Chris Wittich | Jul. 1, 2024
Understanding the IRS Announcement on ERC Claims
In the video, Chris Wittich discuss the recent IRS announcement regarding ERC claims, highlighting that between 10 and 20 percent…
Charlie Metzig | Jun. 26, 2024
Boyum Barenscheer Named a 2024 Top Workplace
Boyum Barenscheer has been named one of the Top Workplaces in Minnesota by the Star Tribune. Produced by the same…
Jasmin McKenzie | Jun. 20, 2024
Cross-Training Initiatives Can Get Your Whole Organization in Shape
Cross-training staffers to do one another’s jobs isn’t a new idea. But it can be a simple and effective way…
Jack McHatton | Jun. 12, 2024
Why Private Foundations Need to Avoid Self-Dealing
The IRS strictly prohibits self-dealing between private foundations and “disqualified persons.” But how are these terms defined? Among people who…

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We’re here to make a difference to our clients by offering exceptional tax, audit, business advisory and outsourced services.

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3050 Metro Drive, Suite 200
Bloomington, MN 55425

952-854-4244