Blog

Becky Gibbs | Oct. 5, 2023

Do You Have to Return a Donation When a Donor Requests It?

If a donor has never asked your not-for-profit to return a gift, it may only be a matter of time.…

Ashley Sparks | Oct. 2, 2023

Trust and Internal Controls Can Coexist in Your Nonprofit

Within a period of just a month, a Minnesota woman was charged with skimming more than $300,000 from her animal…

Chris Wittich | Sep. 28, 2023

Employee Retention Credit Update | September 2023

The very first time the IRS started warning people about ERC compliance and the scams and schemes going on was…

John Csargo | Sep. 26, 2023

2023 Q4 Tax Calendar: Key Deadlines for Businesses and Other Employers

Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2023. Keep…

John Csargo | Sep. 20, 2023

It’s Important to Understand How Taxes Factor into M&A Transactions

In recent years, merger and acquisition activity has been strong in many industries. If your business is considering merging with…

John Csargo | Sep. 6, 2023

Guaranteeing a Loan to your Corporation? There May be Tax Implications

Let’s say you decide to, or are asked to, guarantee a loan to your corporation. Before agreeing to act as…

Tom Hofstad | Sep. 5, 2023

7 Questions Contractors Should Ask Before Seeking Outside Financing

Construction companies can leverage loans, lines of credit and other such products to help ensure positive cash flow, build creditworthiness…

Randy Feld | Aug. 30, 2023

Planning an Exit Strategy for Your Manufacturing Company

Every business owner should have an exit strategy that helps recoup the maximum amount for his or her investment. If…

Stacy Shaw | Aug. 29, 2023

Minnesota Sales Tax Update

Starting from October 1, 2023, there will be some changes to sales tax regulations in Minnesota. The Minnesota State Legislators…

John Csargo | Aug. 29, 2023

Mandatory Roth Catch-Up Provision Delayed until 2026

The IRS granted an administrative transition period via Notice 2023-62 that extends until 2026 the new requirement per the SECURE…

John Csargo | Aug. 18, 2023

Roth Conversions – a Case by Case, Year by Year Decision

Roth Conversions attract a lot of conversation in the personal tax and wealth management realm.  Here are some common overall…

John Csargo | Aug. 18, 2023

2023 Minnesota Tax Rebate Payments

Minnesota has introduced a one-time tax rebate payment, ranging up to $1,300. These payments are set to be disbursed from…

John Csargo | Aug. 16, 2023

Minnesota Special Property Tax Refund

The Minnesota legislature retroactively passed legislation that provides a refund if your property taxes increased by 6%. This provision has…

David Bernu | Aug. 16, 2023

Nonprofits: Ready, Set, Audit!

By scheduling annual financial statement audits, you can demonstrate your organization’s financial fitness to donors and other stakeholders. Plus, state…

Charlie Metzig | Aug. 14, 2023

Wayzata Office Closure

We wanted to take a moment to share some exciting news regarding our company’s growth and strategic initiatives. In our…

Amy Nicholson | Aug. 10, 2023

Private Foundations: “Disqualified Persons” Must Color Within the Lines

Although conflict-of-interest policies are essential for all not-for-profits, private foundations must be particularly careful about adhering to them. In general,…