Blog

Anna Lovegren | Sep. 15, 2021

Associations Should Prioritize Common Interests, Not Individual Services

Watch out, nonprofit trade associations! If your group is a 501(c)(6) organization, your activities could potentially threaten your tax-exempt status.…

Bill Egan | Sep. 3, 2021

Recovery Start-Up Employee Retention Credit

Did you start a business in 2020 and think that you were unable to qualify for the amazing Employee Retention…

Ashley Sparks | Aug. 25, 2021

Your Nonprofit May Have an Internal Controls Gap

The typical defrauded not-for-profit loses $75,000 per fraud incident, according to the Association of Certified Fraud Examiners. And that doesn’t…

Ashley Sparks | Aug. 16, 2021

Protect Your Company From Cyberattacks by Adopting Zero Trust

Some organizations struggle to prevent cyberattacks because they rely on cybersecurity tools and techniques that protect only their perimeter. Perpetrators…

Becky Gibbs | Aug. 4, 2021

5 Ways Nonprofits Can Prepare for an Audit

No not-for-profit looks forward to annual audits. But regular maintenance and preparation specific to an impending audit can make the…

Ashley Sparks | Aug. 2, 2021

Gift or Kickback? It’s a Fine Line.

Your employees shouldn’t accept any gift offered with the intent to improperly influence business decisions — or even one that…

Randy Feld | Jul. 19, 2021

What You Can Do to Prevent Fraud in Your Construction Company

Fraud is costly for all victimized companies, but it’s even worse in the construction sector. According to the Association of…

Chris Wittich | Jul. 15, 2021

IRS Struggles

It’s never been a particularly pleasant experience dealing with the IRS, but the IRS is struggling mightily right now in…

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…

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…