Blog

Emiley Sandvik | Jan. 18, 2024

Why Uncertainty Calls for a More Flexible Budget

Economic, social and political events in 2024 have the potential to negatively influence your not-for-profit’s budget. So if you generally…

Chris Wittich | Jan. 15, 2024

Correcting Erroneous ERC Claims

In this video, Chris Wittich discusses the process of correcting erroneous claims in the ERC (Employee Retention Credit) program. He…

Barb Sawdy | Jan. 11, 2024

Got Independent Contractors? Get to Know Form W-9

If your not-for-profit is shorthanded, you may decide to engage independent contractors to pick up some of the slack. Just…

Brandon Dunigan | Jan. 8, 2024

Corporate Transparency Act — Beneficial Ownership Information Reporting Requirement

Starting January 1, 2024, a significant number of businesses are now required to comply with the Corporate Transparency Act (“CTA).…

Randy Feld | Jan. 5, 2024

Manufacturers: Pay Attention to These 6 Tax-Related Items in 2024

What’s the tax outlook for manufacturers as 2024 begins? While certain provisions of the Tax Cuts and Jobs Act (TCJA)…

Chris Wittich | Jan. 3, 2024

ERC Second Look Consulting

Consulting with Chris Wittich to determine the best path forward on ERC. In the event that the ERC claim is…

Anna Lovegren | Dec. 28, 2023

When are Sponsorship and Advertising Payments Subject to Tax?

Sponsorship and advertising dollars can provide a real boost to your not-for-profit organization’s income. However, if sponsors or advertisers receive…

Barb Sawdy | Dec. 27, 2023

2024 Q1 Tax Calendar: Key Deadlines for Businesses and Other Employers

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2024. Keep…

Tom Hofstad | Dec. 18, 2023

How Construction Company Owners Can Build a Succession Plan Framework

At some time or another, construction company owners must hang up their hard hats. But what will happen to your…

Anna Lovegren | Dec. 11, 2023

When Do 501(c)(6) Organizations Risk Their Exempt Status?

Even when they’re nonprofits, trade associations and chambers of commerce generally qualify for a tax exemption under Section 501(c)(6) of the…

Andy Muntifering | Dec. 5, 2023

2023 Year End Tax Planning Webinar

In this recorded webinar, our tax team looks into the latest developments pertaining to tax laws and updates that hold…

Becky Gibbs | Nov. 22, 2023

Best Practices for Effective Board Meeting Minutes

If you think the recorded minutes of your nonprofit’s board meetings are just a formality, think again. Meeting minutes can…

Becky Gibbs | Nov. 15, 2023

How to Get the Financing Your Nonprofit Needs

Relatively high interest rates and tight lending standards are making it difficult for even for-profit businesses to apply and qualify…

Stacy Shaw | Nov. 9, 2023

Navigating Minnesota’s Employment Law Changes

In this webinar we provide insight into recent changes in Minnesota’s employment laws and how to effectively navigate them. This…

Barb Sawdy | Oct. 25, 2023

The Social Security Wage Base for Employees and Self-Employed People is Increasing in 2024

The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $168,600 for…

Chris Wittich | Oct. 23, 2023

ERC Update October 2023 | Withdraw an ERC Claim

The IRS has issued a new announcement, granting eligible employers who have filed for an Employee Retention Credit (ERC) the…