Over the past year, the importance of leadership at every level of a business has been emphasized. When a crisis such as a pandemic hits, it creates a sort of stress test for not only business owners and executives, but also supervisors of departments and work groups. Multig...

You may have the best internal controls in the business world, but if your employees don’t follow them, your company is at serious risk for fraud. The same is true if workers aren’t aware of your company’s risks and can’t recognize red flags. The solution? Educate th...

Join CPAs Chris Wittich and Stacy Shaw along with members of the Boyum Barenscheer COVID-19 Resource Team for this informational webinar on updates relating to the latest stimulus package....

January 4, 2020:  Twin Cities accounting firms Boyum Barenscheer and Wilkerson Guthmann are pleased to announce the merger of their firms effective on January 1, 2021 which will be operating under the brand name Boyum Barenscheer....

The employee retention tax credit is a payroll tax credit claimed on Form 941 that not very many people know about.  Originally you could either choose to have a PPP loan or you could claim the ERTC.  Nearly every client chose the PPP loan because the terms were far more f...

The employee retention tax credit is a payroll tax credit claimed on Form 941 that not very many people know about.  Originally you could either choose to have a PPP loan or you could claim the ERTC.  Nearly every client chose the PPP loan because the terms were far more f...

Part of the COVID 19 Relief Bill was changes to the allowable uses of PPP loan funds.  This is a retroactive change, so it applies to the original PPP loans from 2020 but it also applies to the PPP second draw loans which should be open starting in January 2021.  Some folk...

The CARES Act and the subsequent COVID 19 relief bill that was passed December 27th brought about a lot of changes to federal tax systems.  Let’s take a quick look at some of those and how they might impact your state tax returns.  There are a number of small items, but ...

Your accounting and development departments are central to the continued financial health of your not-for-profit. So what happens when communication between these two functions break down? It could result in conflict between staffers, inaccurate financial statements and, in ...

If your business is still struggling due to this pandemic, the good news is, there is a 2nd draw available to you from the PPP loan program.  This program will work like the first loan program.  There will be criteria that must be met in order to get this second draw:...

If you did not hear, you need to know – PPP expenses are deductible now after the passing of this last COVID stimulus package.  We were all sitting on the edge of our seats for the last few months waiting for Congress to fix the deductibility for us, otherwise, all busine...

The COVID19 Relief bill includes some changes  to PPP loans under $150K.  These changes apply to both the original PPP loans and the PPP second draw which should be available sometime in January....