Blog

Ashley Sparks | Mar. 27, 2024

Structuring Your Manufacturing Company as an S Corporation or LLC Can Result in Different Outcomes

When it comes to business structure, manufacturing company owners have a few choices. Among them are an S corporation and…

Greg Carlson | Mar. 25, 2024

The Tax Relief for American Families and Workers Act of 2024 (Update)

The U.S. House of Representatives passed the Tax Relief for American Families and Works Act on January 31, 2024. Since…

Brandon Dunigan | Mar. 25, 2024

Beneficial Ownership Information Reporting

By now, many of you have become aware of newly enacted Federal Beneficial Ownership Reporting that passed as a part…

Charlie Metzig | Mar. 22, 2024

Travis Noe Promoted to Chief Information Officer

Boyum Barenscheer is pleased to announce the promotion of Travis Noe to the position of Chief Information Officer (CIO). As…

Ashley Sparks | Mar. 18, 2024

Can your manufacturing company benefit from the Work Opportunity Tax Credit?

The quest for skilled laborers in the manufacturing sector continues. Indeed, more than 600,000 manufacturing-related jobs remained open in December…

Emiley Sandvik | Mar. 15, 2024

How to Minimize Billing Bottlenecks

Managing accounts receivable can be challenging, especially in an uncertain economy. To keep your company financially fit, it’s a good…

Becky Gibbs | Feb. 27, 2024

Why It’s Important to Get Your Company’s Financials Done on Time

Have you completed your company’s year-end financial statements yet? Most calendar-year entities issue their year-end financials by March of the…

Randy Feld | Feb. 13, 2024

How Manufacturers Can Factor Depreciation Tax Breaks Into Their 2024 Asset Purchase Planning

When manufacturers purchase equipment and other tangible property, various tax breaks are available, including Section 179 expensing and first-year bonus…

John Csargo | Feb. 12, 2024

9 Tax Considerations if You’re Starting a Business as a Sole Proprietor

When launching a small business, many entrepreneurs start out as sole proprietors. If you’re launching a venture as a sole…

Alex Theobald | Feb. 6, 2024

Developments on Tax Incentives Available to Construction & Engineering Businesses for Tax Year 2023

The 179D Energy Efficient Commercial Buildings Deduction has been around for several years, however changes stemming from the Inflation Reduction…

Barb Sawdy | Feb. 5, 2024

Sales Tax with QBO

QBO has a very powerful built-in feature for sales tax. We have found that some clients are not taking advantage…

Greg Carlson | Feb. 2, 2024

The Tax Relief for American Families and Workers Act of 2024

The U.S. House of Representatives passed this bipartisan tax plan on January 31, 2024. The bill still needs Senate approval…

Charlie Metzig | Feb. 2, 2024

Employee Retention Credit IRS Audit Update

The CARES act was signed into law March 27, 2020 which gave us the Employee Retention Credit (ERC). This refundable…

Greg Carlson | Feb. 2, 2024

Encouraging Charitable Donors to Include You in Their Estate Plans

Even if current donations are your not-for-profit’s bread and butter, you can’t afford to neglect planned, legacy or deferred gifts.…

Becky Gibbs | Jan. 24, 2024

3 Tips for Making the Financial Statement Auditing Process Smoother

Not-for-profits aren’t required to produce audited financial statements. But audited statements are more likely to reassure big donors and grant…

Ellen Alphonso | Jan. 19, 2024

Adopting Automatic Enrollment in Your Retirement Plan