Blog

Anna Lovegren | Jul. 13, 2020

An Advisory Board can Complement your Nonprofit’s Board of Directors

Your not-for-profit has a board of directors — so why would it need an additional advisory board? A nonprofit advisory…

Chris Wittich | Jun. 26, 2020

Webinar Recording: PPP Loan Forgiveness – The Final Frontier

This PPP Loan Forgiveness webinar was presented on June 25, 2020 by CPAs Chris Wittich and Stacy Shaw along with…

Chris Wittich | Jun. 24, 2020

Coronavirus Related Distributions From Retirement Plans

Part of the CARES Act was establishing coronavirus related distributions from retirement plans.  The IRS recent came out with IRS…

Chris Wittich | Jun. 24, 2020

Required Minimum Distributions Flexibility for 2020

The IRS just published IRS Notice 2020-51 which details how Required Minimum Distributions flexibility will work for 2020. The link…

Anna Lovegren | Jun. 24, 2020

Regaining Your Tax-Exempt Status if You Failed to File Form 990s

There are many ways for a not-for-profit organization to lose its tax-exempt status — including participating in lobbying and campaign…

Nick Swedberg | Jun. 23, 2020

Minnesota Small Business Relief Grants

On the first day of the June special session, the MN Legislature passed the Minnesota Small Business Relief Grants Program…

Ashley Sparks | Jun. 22, 2020

Fraud in the Family Business

Family businesses make up the vast majority of companies in the United States and produce 62% of the country’s gross…

Chris Wittich | Jun. 17, 2020

PPP Loan Forgiveness – New Guidance

The SBA has published a couple of new loan forgiveness applications the long form and the EZ form.  Along with…

Chris Wittich | Jun. 17, 2020

PPP Loan Forgiveness – Schedule C With No Employees

For Schedule C businesses with no employees you get to use the new Form 3508EZ which is pretty simple.  I…

Chris Wittich | Jun. 17, 2020

EZ Loan Forgiveness Application for PPP Loans

The SBA just published a Form 3508EZ which is the PPP Loan Forgiveness Application, in a simpler, easier to use…

Becky Gibbs | Jun. 11, 2020

Rebuilding Your Nonprofit’s Board

In times of turmoil, your board of directors should be your not-for-profit’s rock-solid foundation. But what if your board is…

Ashley Sparks | Jun. 8, 2020

Is There a Fraud Perpetrator Behind Those Behavioral Issues?

Occupational fraud red flags are easy to recognize if you are observant of employee behavior. The recently released 2020 Association…

Chris Wittich | Jun. 5, 2020

Webinar Recording: PPP Loan Game Changer

Good news!  The House and Senate have now passed a bill which is expected to be signed by the President…

Ashley Sparks | Jun. 4, 2020

The Latest News on Nonprofit Fraud is Here

The latest news on nonprofit fraud is here. Every two years, the Association of Certified Fraud Examiners (ACFE) publishes what…

Becky Gibbs | May. 27, 2020

To Survive the Current Crisis, Your Nonprofit Needs Multiple Revenue Sources

One of the strongest predictors of a not-for-profit’s long-term survival is multiple revenue streams.  Nonprofits need multiple revenue sources. Many…