Blog

Becky Gibbs | Jul. 16, 2020

To Find New Revenue Opportunities, Think Like an Auditor

Want to increase your not-for-profit’s revenue? First try analyzing current income as a professional auditor might. Then, you can apply…

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…