With a median loss of $954,000, financial statement fraud is the costliest type of white-collar crime, according to the Association of Certified Fraud Examiners. Fortunately, auditors and forensic accountants may be able to detect inflated income and other financial manipula...

Washington County is launching a $10 million program to provide grants to small businesses within the county to help them recover from the ongoing impacts of COVID-19. The fund will provide one-time grant awards of up to $15,000 are available to eligible applicants to assist...

We just got new guidance from the SBA that covers a bunch of the outstanding questions we’ve had about PPP Loan Forgiveness. Let’s go through a quick overview of the key points that seem most important to us. ...

Ramsey County is providing emergency assistance to small local businesses adversely impacted by the COVID-19 pandemic. ...

Hennepin County is announcing the availability of $10 million towards a new round of emergency funding for small businesses impacted by COVID-19....

Last week, the Federal Reserve announced that not-for-profit organizations now may apply for loans under the $600 billion Main Street Lending Program. Previously open only to for-profit businesses with more than 100 employees, the program offers low-interest loans with relat...

For our business owners who have business in Dakota county and have been impacted by COVID 19, we wanted to let you know of the Dakota County Loan Program available to you.  Up to $10,000 is available for eligible businesses.  You can apply from July 27 - August 14.  The ...

We know these are challenging times we're facing.  The federal government has created some programs to assist, Minnesota has provided programs, and now our cities are willing to help out.  If you have a business in Bloomington, there is a program they have kicked off - the...

Want to increase your not-for-profit’s revenue? First try analyzing current income as a professional auditor might. Then, you can apply your conclusions to setting annual goals, preparing your budget and managing other aspects of your organization. Find new nonprofit reven...

Your not-for-profit has a board of directors — so why would it need an additional advisory board? A nonprofit advisory board can complement your board of directors. Some organizations assemble advisory boards to provide expertise for a specific project, such as a fundraisi...

This PPP Loan Forgiveness webinar was presented on June 25, 2020 by CPAs Chris Wittich and Stacy Shaw along with members of Boyum Barenscheer's COVID-19 Resource Team.  The webinar reviewed the changes and updates to the PPP Loan Program including two new loan forgiveness a...

Part of the CARES Act was establishing coronavirus related distributions from retirement plans.  The IRS recent came out with IRS Notice 2020-50 which provides a lot more insight for how those distributions are going to work and provided a lot of flexibility for taxpayers.Â...