Blog

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…
Not-For-Profit’s Accounting Function
Becky Gibbs | Feb. 10, 2021
It May Be Time to Tune Up your Nonprofit’s Accounting Function
Many organizations get stuck in procedural ruts because it’s easier in the short term to continue doing things the way…
Employees fighting fraud
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…
Nonprofit department communication
Becky Gibbs | Jan. 3, 2021
How Well do your Nonprofit’s Development and Accounting Departments Communicate?
Your accounting and development departments are central to the continued financial health of your not-for-profit. So what happens when communication…
Changes to 2020 Individual Tax Credits
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…
Nonprofit member renewals
Anna Lovegren | Dec. 23, 2020
How to Keep your Nonprofit’s Members in the Fold
If your charity or association depends financially on membership fees, you know that nonprofit member renewals are important. Non-renewals are…
Nonprofit endowments spending
Becky Gibbs | Dec. 17, 2020
Nonprofit Endowments Require Knowledge and Resources
If the events of 2020 have taught not-for-profits anything, it’s that financial reserves are essential to long-term survival. An endowment…
Nonprofit donor gifts
Anna Lovegren | Dec. 9, 2020
Nonprofits: How to Acknowledge Donor Gifts
Holiday-inspired generosity and the desire to reduce tax liability makes the end of the year a busy time for charitable…
Nonprofit boards must remain vigilant
Becky Gibbs | Dec. 2, 2020
Nonprofit Boards Must Remain Vigilant as Long as the Crisis Continues
It’s been a tough year for not-for-profits. Many have experienced an increased demand for services just as revenues have plummeted.…
Financial statement footnotes
Becky Gibbs | Nov. 18, 2020
Using Footnotes to Disclose your Nonprofit’s Financial Information
Does anyone actually read footnotes? If they’re financial statement footnotes, the answer is usually “yes.” Footnotes can provide donors, governmental…
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…

Get In Touch

This field is for validation purposes and should be left unchanged.
This field is hidden when viewing the form

This field is hidden when viewing the form

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