Blog

Anna Lovegren | Feb. 22, 2023

Passing the Public Support Test

Unless 501(c)(3) organizations prove they’re publicly supported, the IRS assumes they’re private foundations. The distinction is important, because publicly supported…

John Csargo | Feb. 21, 2023

Do You Run a Business from Home? You May Be Able to Deduct Home Office Expenses.

Many people began working from home during the COVID-19 pandemic — and many still work from their home offices either…

Becky Gibbs | Feb. 21, 2023

Are Your Accounting and Development Departments like Oil and Water?

When Accounting and Development teams don’t work well together, the situation can lead to more than employee hostility and conflict.…

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…