Blog

Nick Swedberg | May. 5, 2021
The Restaurant Revitalization Fund is Now Live
The COVID-19 pandemic has affected various industries in very different ways. Widespread lockdowns and discouraged movement have led to increased…
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.…
Anna Lovegren | Apr. 14, 2021
Protect Your Organization’s Fragile Tax-Exempt Status
No nonprofit’s tax-exempt status is permanent. If you violate IRS rules, you could lose it as well as the loyalty…
Becky Gibbs | Apr. 1, 2021
Nonprofits: Heed These Financial Danger Signs
Many not-for-profits are just starting to emerge from one of the most challenging environments in recent memory due to the…
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…
Becky Gibbs | Mar. 10, 2021
Nonprofits: Hit Your Targets with Benchmarking
How committed is your not-for-profit organization to benchmarking? Perhaps you think it makes sense in the for-profit sphere, but not…
Becky Gibbs | Mar. 3, 2021
Rebuilding Your Nonprofit’s Operating Reserves
Events of the past year put a dent in many not-for-profit’s reserves. Perhaps you tapped this stash to buy PPE…
Anna Lovegren | Feb. 26, 2021
Defrauded? How to Help Your Nonprofit Recover
Thousands of not-for-profit organizations fall victim to embezzlement schemes every year — some even losing millions of dollars. But losses…
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…
Fraud during business acquisitions
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…

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Get in touch with Boyum & Barenscheer

We are a full-service Twin Cities CPA and advisory firm providing proactive tax, audit, and outsourced accounting services to help individuals, nonprofits and businesses achieve long-term success.

Contact Us
Info@myboyum.com

Home Office:
3050 Metro Drive, Suite 200
Bloomington, MN 55425

952-854-4244