Blog

Anna Lovegren | Dec. 28, 2023

When are Sponsorship and Advertising Payments Subject to Tax?

Sponsorship and advertising dollars can provide a real boost to your not-for-profit organization’s income. However, if sponsors or advertisers receive…

Barb Sawdy | Dec. 27, 2023

2024 Q1 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 first quarter of 2024. Keep…

Tom Hofstad | Dec. 18, 2023

How Construction Company Owners Can Build a Succession Plan Framework

At some time or another, construction company owners must hang up their hard hats. But what will happen to your…

Anna Lovegren | Dec. 11, 2023

When Do 501(c)(6) Organizations Risk Their Exempt Status?

Even when they’re nonprofits, trade associations and chambers of commerce generally qualify for a tax exemption under Section 501(c)(6) of the…

Andy Muntifering | Dec. 5, 2023

2023 Year End Tax Planning Webinar

In this recorded webinar, our tax team looks into the latest developments pertaining to tax laws and updates that hold…

Becky Gibbs | Nov. 22, 2023

Best Practices for Effective Board Meeting Minutes

If you think the recorded minutes of your nonprofit’s board meetings are just a formality, think again. Meeting minutes can…

Becky Gibbs | Nov. 15, 2023

How to Get the Financing Your Nonprofit Needs

Relatively high interest rates and tight lending standards are making it difficult for even for-profit businesses to apply and qualify…

Stacy Shaw | Nov. 9, 2023

Navigating Minnesota’s Employment Law Changes

In this webinar we provide insight into recent changes in Minnesota’s employment laws and how to effectively navigate them. This…

Barb Sawdy | Oct. 25, 2023

The Social Security Wage Base for Employees and Self-Employed People is Increasing in 2024

The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $168,600 for…

Chris Wittich | Oct. 23, 2023

ERC Update October 2023 | Withdraw an ERC Claim

The IRS has issued a new announcement, granting eligible employers who have filed for an Employee Retention Credit (ERC) the…

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…