Blog

Charlie Metzig | Feb. 15, 2023

New Partner Announcement | Ashley Sparks

We are pleased to announce that Ashley Sparks, CPA, CFE has been elected to the partner group effective January 1,…

Greg Carlson | Feb. 14, 2023

Minnesota Long-Term Care Legislation

We wanted to bring your attention to a long-term care topic working its way through the Minnesota legislature. It mimics…

Becky Gibbs | Feb. 1, 2023

A Refresher on Nonprofit Endowment Management

If your not-for-profit has an endowment, you probably know it’s a major responsibility. Endowment investments generally need to be managed…

Anna Lovegren | Jan. 20, 2023

Valuing Tangible Property Donations Isn’t as Simple as You May Think

A new refugee resettlement charity had only just begun operating when its director realized something: She wasn’t sure how to…

Anna Lovegren | Dec. 30, 2022

Tip to Help Prevent Accounting and Tax Errors

Although failing to file a Form 990 with the IRS when required to do so is probably a more serious…

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…

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…