Blog

Chris Wittich | Jul. 26, 2022

Mythbust and Maximize the Employee Retention Credit

The employee retention credit (ERC), the refundable tax credit designed to reward business owners for retaining employees throughout the COVID-19…

John Csargo | Jul. 18, 2022

Important Considerations When Engaging in a Like-Kind Exchange

A business or individual might be able to dispose of appreciated real property without being taxed on the gain by…

Becky Gibbs | Jul. 7, 2022

Reviewing — and Possibly Revising — Your Nonprofit’s Spending Policy

A spending policy is the formula used to determine how much of the value of investments a nonprofit organization will…

Anna Lovegren | Jun. 29, 2022

Election Season is Here! Watch Your Nonprofit’s Activities

Many states have already held primary elections, and the airwaves are clogged with candidate ads. Yes, the November “mid-terms” election…

Barb Sawdy | Jun. 28, 2022

2022 Q3 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 third quarter of 2022. Keep…

John Csargo | Jun. 22, 2022

Businesses Will Soon Be Able to Deduct More Under the Standard Mileage Rate

Business owners are aware that the price of gas is historically high, which has made their vehicle costs soar. The…

Ashley Sparks | Jun. 16, 2022

Oversight and Controls Are Key to Limiting Fraud in Nonprofits

Recently, the Association of Certified Fraud Examiners (ACFE) published its biannual Report to the Nations: 2022 Global Study on Occupational…

John Csargo | Jun. 8, 2022

Help When Needed: Apply the Research Credit Against Payroll Taxes

Here’s an interesting option if your small company or start-up business is planning to claim the research tax credit. Subject…

Anna Lovegren | Jun. 2, 2022

For Nonprofits, Quid Pro Quo Isn’t a Simple Exchange

Quid pro quo donations occur when a not-for-profit receives a payment that includes a contribution and the organization provides the…

Becky Gibbs | May. 20, 2022

Support Your Nonprofit’s Financial Plans with Board Designations

The pandemic, ongoing economic insecurity and uncertainty about the future have prompted some not-for-profits to make board designations of unrestricted…

Barb Sawdy | May. 16, 2022

Minnesota Frontline Worker Pay

On April 29th, Minnesota passed the Frontline Worker Payment bill.  Employers are responsible for providing notices to current employees advising…

John Csargo | May. 10, 2022

Inflation Enhances the 2023 Amounts for Health Savings Accounts

The IRS recently released guidance providing the 2023 inflation-adjusted amounts for Health Savings Accounts (HSAs). High inflation rates will result…