Blog

Anna Lovegren | Jul. 14, 2021

Does Your Nonprofit Owe Tax On Its Sponsorships and Advertising?

Your not-for-profit may prefer to avoid activities that subject it to unrelated business income tax (UBIT). But if you accept…

John Csargo | Jul. 13, 2021

New Minnesota Tax Law on PTE

On July 1, 2021, Governor Tim Walz signed into law Minnesota’s FY 2022-2023 State Budget, which includes a new elective…

Ashley Sparks | Jul. 12, 2021

Prevent Conflicts of Interest from Costing Your Business

Without trust between you and your employees, your business probably wouldn’t be very successful. Delegating responsibility, sharing ideas, working as…

Jake Kriegler | Jul. 8, 2021

IRS Extends Administrative Relief for 401(k) Plans

As mitigation measures related to COVID-19 ease, it will be interesting to see which practices and regulatory changes taken in…

Ashley Sparks | Jul. 6, 2021

How Fraud Perpetrators Target Military Personnel and Veterans

According to the Federal Trade Commission, veterans lost approximately $60 million to fraud in 2020. Active-duty military personnel and their…

Chris Wittich | Jul. 1, 2021

Update on ERC and PPP Loans

Reminder that your PPP1 forgiveness applications are due 10 months after your 24 week covered period is completed. For example…

John Csargo | Jul. 1, 2021

2021 Midyear Tax Planning

As the recovery from the COVID-19 crisis takes hold and the economy and life begin to return to normal, now…

Becky Gibbs | Jun. 30, 2021

Tackling Volunteer Liability Issues

During the pandemic, your not-for-profit may have been forced to operate without your dedicated volunteers. It has probably come as…

John Csargo | Jun. 29, 2021

2021 Dirty Dozen Tax Scams

The IRS released its annual “Dirty Dozen” tax scams for 2021 on June 28th. One of the key provisions of…

Kendra Raich | Jun. 29, 2021

Sales Tax Calculator

John Csargo | Jun. 24, 2021

Important Changes to the Child Tax Credit

Recently, there were changes made to the child tax credit that will benefit many taxpayers. As part of the American…

Tiffany Shermak | Jun. 23, 2021

Is Your Nonprofit Complying with Federal Procurement Requirements?

“Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards” (Uniform Guidance) applies to all not-for-profits that accept federal…

Kendra Raich | Jun. 23, 2021

FASB – ASU

Kendra Raich | Jun. 23, 2021

2020-2021 Tax Planning Guide

Kendra Raich | Jun. 23, 2021

How does the deduction for interest limitation work with the new tax law?