Blog

Anna Lovegren | Dec. 27, 2022
Game On! Just Make Sure Your Nonprofit Follows Tax Rules
If you’re starting to plan activities for a 2023 fundraiser, consider gaming — for example, bingo, poker, raffles and even…
Barb Sawdy | Dec. 19, 2022
2023 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 2023. Keep…
John Csargo | Dec. 14, 2022
Do You Qualify for the QBI Deduction? And Can You Do Anything by Year-End to Help Qualify?
If you own a business, you may wonder if you’re eligible to take the qualified business income (QBI) deduction. Sometimes…
Becky Gibbs | Dec. 14, 2022
New Accounting Standard: Does it Affect Your Nonprofit?
An accounting standard from the Financial Accounting Standards Board (FASB) that takes effect in mid-December, 2022, could require your not-for-profit…
Chris Wittich | Dec. 6, 2022
Salon Advisory Membership
Boyum Barenscheer is proud to announce a new offering, a salon advisory membership. Watch this video from Chris Wittich explaining…
Becky Gibbs | Nov. 29, 2022
Operating Reserves Can Help Cushion Financial Blows
First the COVID-19 pandemic wreaked havoc on not-for-profit finances and operations. Now, many organizations are worried about how high inflation…
John Csargo | Nov. 28, 2022
Intangible Assets: How Must the Costs Incurred Be Capitalized?
The term “intangibles” covers many items. It may not always be simple to determine whether an intangible asset or benefit…
Ashley Sparks | Nov. 23, 2022
Don’t Fall for Invoice Fraud Schemes
Middle-market businesses lose an average of almost $300,000 annually to invoice fraud, according to a recent survey by software company…
Greg Carlson | Nov. 15, 2022
November 21, 2022: Section 174 R&D Costs Update Webinar Recording
The Tax Cuts & Jobs Act made significant changes to the tax treatment of R&D costs that will affect almost…
John Csargo | Nov. 7, 2022
2023 Limits for Businesses That Have HSAs — or Want to Establish Them
No one needs to remind business owners that the cost of employee health care benefits keeps going up. One way…
John Csargo | Nov. 4, 2022
Inflation Means You and Your Employees Can Save More for Retirement in 2023
How much can you and your employees contribute to your 401(k)s next year — or other retirement plans? In Notice…
Randy Feld | Nov. 2, 2022
Finding Comparable Transactions to Use in Business Valuation
The market approach is an intuitive way to value a private business interest. It bases the subject company’s value on…
Becky Gibbs | Oct. 31, 2022
The Audit is Over. Now What?
Whew! That’s probably your reaction when outside experts announce that their audit of your not-for-profit is complete. But even if…
John Csargo | Oct. 26, 2022
Employers: In 2023, the Social Security Wage Base is Going Up
The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $160,200 for…
Anna Lovegren | Oct. 21, 2022
Keep Your Religious Congregation on the Financial Straight and Narrow
Religious congregations usually enjoy greater protection from federal government oversight than other not-for-profit organizations. For example, the IRS can’t conduct…

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