Blog

PPP loan forgiveness
Randy Feld | Nov. 12, 2020
What You Need to Know About PPP Loan Forgiveness
If you have received a PPP loan over $2M, the accurate completion of your forgiveness application is critical. Before you…
Nonprofit leaders know how to delegate
Becky Gibbs | Nov. 11, 2020
Smart Nonprofit Leaders Know How To Delegate
Delegation ideally gives not-for-profit executives time to focus on mission critical tasks and provides growth opportunities to staffers. However, you…
Nonprofits: don’t skimp on insurance
Becky Gibbs | Nov. 4, 2020
How Much Insurance Does Your Nonprofit Need To Mitigate Risk?
A warning if your not-for-profit organization is looking for expenses to cut: Nonprofits should not skimp on insurance! Should your…
Overrides of internal controls
Ashley Sparks | Nov. 2, 2020
Controls Are Ineffective When Managers Go Rogue
Management overrides of internal controls can make your company more vulnerable to fraud. This is true even when managers have…
Internal Audits for Nonprofits Important
Ashley Sparks | Oct. 28, 2020
Nonprofits: Internal Audits Still Matter
On its most basic level, the internal audit function provides assurance of compliance with a nonprofit’s internal controls and their…
Ghost employees on your payroll
Ashley Sparks | Oct. 26, 2020
No Season is the Right Season for Ghost Employees and Other Payroll Scams
Ghost stories can be good fun, particularly this time of year. Ghost employees, on the other hand, are trouble for…
PPP Loan Forgiveness Timing
Chris Wittich | Oct. 23, 2020
PPP Loan Forgiveness Timing
They say timing is everything. Is that true for PPP Loan forgiveness timing? There really has not been any law…
Federal Section 179 Deduction
Drew Wolf | Oct. 22, 2020
Minnesota Now Conformed to Federal Section 179 Deduction
Minnesota has conformed to the Federal Section 179 deduction. This deduction allows taxpayers to deduct the entire cost of certain…
Ownership changes
Chris Wittich | Oct. 9, 2020
Ownership Changes with a PPP Loan
Last week the SBA came out with some new guidance for situations where a business has a PPP loan and…
PPP loans
Chris Wittich | Oct. 9, 2020
PPP Loans Under $50,000
The SBA came out with a new set of rules and a new PPP Loan Forgiveness application for loans that…
New Business Travel Per Diem Rates
John Csargo | Sep. 23, 2020
IRS Announces Per Diem Rates for Business Travel
In Notice 2020-71, new business travel per diem rates were recently announced by the IRS. These that can be used…
Willie scholarship recipients announced
Sue Storms | Sep. 10, 2020
George Willie Scholarship Recipients Announced
Earlier this year, Boyum Barenscheer was one of five national CPA firms selected to be a cosponsoring firm to provide…
Preventing Inventory Theft
Ashley Sparks | Sep. 9, 2020
Getting the Goods on Inventory Theft
Maybe the numbers didn’t add up during your company’s recent inventory count. You know that most inventory discrepancies are the…
When The Nonprofit Audit Ends
Becky Gibbs | Sep. 9, 2020
What to do When the Audit Ends
Financial audits conducted by outside experts are among the most effective tools for revealing risks in not-for-profits. They help assure…
Chris Wittich
Chris Wittich | Sep. 8, 2020
EIDL Loans Explained
In this 10-minute video, Chris Wittich, MBT, CPA explains the basics of EIDL loans and what you need to know.

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