Blog

Becky Gibbs | Oct. 31, 2022

The Audit is Over. Now What?

Whew! That’s probably your reaction when outside experts announce that their audit of your not-for-profit is complete. But even if…

John Csargo | Oct. 26, 2022

Employers: In 2023, the Social Security Wage Base is Going Up

The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $160,200 for…

Anna Lovegren | Oct. 21, 2022

Keep Your Religious Congregation on the Financial Straight and Narrow

Religious congregations usually enjoy greater protection from federal government oversight than other not-for-profit organizations. For example, the IRS can’t conduct…

John Csargo | Oct. 5, 2022

Worried About an IRS Audit? Prepare in Advance

IRS audit rates are historically low, according to a recent Government Accountability Office (GAO) report, but that’s little consolation if…

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…