Blog

Becky Gibbs | Apr. 28, 2021

Minimize the Need to Make Year-End Financial Adjustments

Why don’t your nonprofit’s interim and year-end financial statements match? It may come down to cash basis vs. accrual accounting.…

Ashley Sparks | Mar. 22, 2021

The Interview Before the Fraud Interview

If you suspect occupational fraud but have little information or evidence, you may want to conduct preliminary information interviews. But…

Tiffany Shermak | Mar. 17, 2021

New Legislation Proposes to Help “Rescue” Nonprofits

Everyone knows about the $1,400 checks earmarked for qualified individuals. But what does the American Rescue Plan Act propose for…

Chris Wittich | Mar. 11, 2021

Employee Retention Credit and How We Can Help

We are excited to be able to assist clients with Employee Retention Credit calculations this year. To learn more about…

John Csargo | Feb. 26, 2021

Should Your Business Add Roth Contributions to its 401(k)?

If your business sponsors a 401(k) plan, you might someday consider adding designated Roth contributions. Here are some factors to…

Ashley Sparks | Feb. 22, 2021

Fraud Still Matters When Making Business Acquisitions

The COVID-19 pandemic has often made the due diligence process for business acquisitions more complex and time-consuming. But if you’re…

Ashley Sparks | Jan. 26, 2021

Put Employees to Work Fighting Fraud

You may have the best internal controls in the business world, but if your employees don’t follow them, your company…

Chris Wittich | Dec. 31, 2020

Changes to 2020 Individual Tax Credits

The big COVID 19 relief bill that just passed December 27th had a lot of big-ticket items in there, mostly…

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…

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.

Barb Sawdy | May. 6, 2020

Employee Retention Credits

The employee retention credit is a refundable credit of 50% of up to $10,000 in qualified wages (qualified health plan…

Chris Wittich | Apr. 25, 2020

Webinar Recording: PPP Loan Forgiveness

This webinar was recorded on April 24, 2020 and featured Boyum Barenscheer CPAs discussing PPP Loan Forgiveness – Who, What,…