Blog

Anna Lovegren | Oct. 3, 2022

Lost Your Tax-Exempt Status? Here’s How to Regain It

So you forgot to file your not-for-profit’s Form 990, 990-EZ or 990-N with the IRS. It can happen — particularly…

John Csargo | Sep. 27, 2022

Inflation Reduction Act’s Impact on Your Taxes

The Inflation Reduction Act (IRA) was signed into law on August 16, 2022.  Here are the significant provisions:

Brandon Dunigan | Sep. 27, 2022

Student Loan Forgiveness

President Joe Biden announced on Aug. 24 that most federal student loan borrowers will be eligible for some forgiveness.  The forgiveness would…

Charlie Metzig | Sep. 21, 2022

Boyum Barenscheer Named a 2022 Top Workplace

Boyum Barenscheer has been named one of the Top Workplaces in Minnesota by the Star Tribune. Produced by the same…

Chris Wittich | Sep. 19, 2022

Grow Your Business with Employee Retention Credit

The Employee Retention Credit is a once in a lifetime opportunity for salons that have employees and we have the…

Barb Sawdy | Sep. 19, 2022

2022 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 2022. Keep…

Andy Muntifering | Sep. 16, 2022

Tax Cut & Jobs Act Impact on ’22 Research Expense

The Tax Cuts and Jobs Act was passed in December 2017.  While most of the tax provisions in this legislation…

Ashley Sparks | Sep. 14, 2022

Don’t Let Fraud Break the Bonds of Your Family Business

According to Family Enterprise USA, 87% of U.S. companies are family businesses, which are responsible for 54% of gross domestic…

John Csargo | Sep. 12, 2022

Separating Your Business From Its Real Estate

Does your business need real estate to conduct operations? Or does it otherwise hold property and put the title in…

Anna Lovegren | Aug. 25, 2022

For a Stronger Nonprofit, Increase the Number of Income Streams

Not-for-profits that rely on a single income source, or only a few, are vulnerable to economic shocks. The COVID-19 pandemic…

Becky Gibbs | Aug. 3, 2022

What Revenue Numbers Can Reveal About Your Nonprofit’s Financial Health

When professional auditors review a not-for-profit’s books, they usually spend significant time on revenue. Inadequate revenue — or revenue trending…

Chris Wittich | Jul. 26, 2022

Mythbust and Maximize the Employee Retention Credit

The employee retention credit (ERC), the refundable tax credit designed to reward business owners for retaining employees throughout the COVID-19…

John Csargo | Jul. 18, 2022

Important Considerations When Engaging in a Like-Kind Exchange

A business or individual might be able to dispose of appreciated real property without being taxed on the gain by…

Becky Gibbs | Jul. 7, 2022

Reviewing — and Possibly Revising — Your Nonprofit’s Spending Policy

A spending policy is the formula used to determine how much of the value of investments a nonprofit organization will…

Anna Lovegren | Jun. 29, 2022

Election Season is Here! Watch Your Nonprofit’s Activities

Many states have already held primary elections, and the airwaves are clogged with candidate ads. Yes, the November “mid-terms” election…