blog
April 12, 2022
Tax Issues to Assess When Converting from a C Corporation to an S Corporation

Operating as an S corporation may help reduce federal employment taxes for small businesses in the right circumstances. Although S corporations may provide tax advantages over C corporations, there are some potentially costly tax issues that you should assess before making a...

March 30, 2022
Classify Your Nonprofit’s Workers Correctly — or Risk Repercussions

Many not-for-profits are understaffed in 2022, thanks to a labor shortage and pandemic-related budget shortfalls. Some organizations are filling the gaps with freelancers and contractors. However, such decisions can lead to trouble if these workers should really be classifie...

March 29, 2022
2022 Q2 Tax Calendar: Key Deadlines for Businesses and Other Employers

Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2022. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all...

March 22, 2022
Conflict-of-Interest Policies: It’s About Trust

According to a 2021 Independent Sector survey, 57% of Americans trust not-for-profits to “do what is right.” Although that’s a majority, being trusted by just over half of respondents is hardly worth celebrating. Well-publicized scandals involving nonprofit principals ...

March 22, 2022
Taking the Opposite Approach: Ways Your Business Can Accelerate Taxable Income and Defer Deductions

Typically, businesses want to delay recognition of taxable income into future years and accelerate deductions into the current year. But when is it prudent to do the opposite? And why would you want to?...

March 3, 2022
March 2nd, 2022: ERC Webinar Recording

Join Boyum's Chris Wittich on March 2nd, 2022 for a informational webinar on Employee Retention Credit....

March 2, 2022
No Audit Required? Do It Anyway.

Your not-for-profit may not be required to undergo regular audits. But an audit can reassure donors and other stakeholders that you take seriously your responsibility. An audit can also help you identify risks before they become intractable problems. Here’s how to initiate...

February 23, 2022
Boyum Barenscheer Announces Appointment of New Managing Partner

  Boyum Barenscheer is pleased to announce that Charlie Metzig has been appointed Managing Partner of the firm.    Charlie has been with Boyum Barenscheer for over twenty years and was appointed a Partner in 2015. Starting as a Staff Accountant, Charlie has been able t...

February 23, 2022
Tax Organizer Tips

Tax Day for individual tax filers is typically April 15th each year unless the day falls on a holiday or weekend. The IRS extended the filing season in 2020 and last year because of COVID-19. But that is not the case for tax returns filed in 2022. For this year, the deadli...

February 23, 2022
Our CAS Department is Now Accepting New Clients!

For businesses with revenues up to $20M, Boyum Barenscheer’s CAS team provides flexible accounting and bookkeeping services to help you grow your business and increase profitability. Our highly skilled professionals will become your go-to team ...

February 23, 2022
Your Nonprofit’s Board Needs to Know These Financial Warning Signs

Is your board staring at financial red flags without knowing it? Although some warning signs — such as those experienced when the pandemic first hit — are obvious, others are easy to overlook. Here are several signs of trouble that board members need to be aware of and p...

February 23, 2022
Tax Filing Due Dates

Just a reminder that the traditional tax filing due dates listed below are not being adjusted this year by the government. Due to ever changing tax laws, related tax forms and software updates, coupled with the unknown of whether or not various states will conform with the F...