Blog

Ellen Alphonso | Oct. 22, 2024

Key Considerations for Plan Sponsors When Changing Payroll Systems

Maybe you’ve determined that the client service does not meet your business needs, or you’ve noticed errors in your payroll…

Chris Wittich | Oct. 22, 2024

Understanding BOI Reporting Process

Chris Wittich, Tax Partner at Boyum Barenscheer, provides an overview of the Beneficial Ownership Information (BOI) reporting process, including key…

Amy Swenson | Oct. 21, 2024

Support and Guidance for Clients Affected by Recent Natural Disasters

At Boyum Barenscheer, we want to extend our deepest empathy to you during this challenging time. Whether you’ve been affected…

Anna Lovegren | Oct. 10, 2024

Board Independence is About More Than Avoiding Conflicts of Interest

Are your not-for-profit’s board members independent? Your immediate response is probably, “of course!” But contrary to what many nonprofit leaders…

Randy Feld | Oct. 3, 2024

CMc in the Spotlight

Like many construction businesses, yours may have operated for years following the traditional design-bid-build delivery method. An architect designs a…

Randy Feld | Sep. 30, 2024

Reminder: Profits and Cash Flow Aren’t the Same

Profitable businesses often experience cash flow shortages, particularly if they’re experiencing rapid growth. Business owners may wonder why they owe…

Jack McHatton | Sep. 16, 2024

When Your Nonprofit’s Debt-Financed Income is Subject to Tax

If your nonprofit has investment income, dividends, interest, rents and annuities, they’re generally excluded when calculating unrelated business income tax…

Chris Wittich | Sep. 12, 2024

New Requirement to Electronically Create and File Minnesota CRP Forms

Landlords and property managers of residential rental real estate in Minnesota are subject to a new Minnesota Department of Revenue…

Chris Wittich | Sep. 11, 2024

IRS Claims Processing Update

John Csargo | Sep. 9, 2024

It’s Time for Your Small Business to Think About Year-End Tax Planning

With Labor Day in the rearview mirror, it’s time to take proactive steps that may help lower your small business’s…

Jasmin McKenzie | Sep. 4, 2024

Welcome Charitable Pledges — and Account for Them Properly

The difference between financial pledges and donations is relatively simple: Pledges are promises to donate sometime in the future, and…

Matthew Koch | Aug. 29, 2024

Evaluating Your Manufacturing Company’s Multistate Tax Liability

When operating across state lines, it’s critical for manufacturers to understand their multistate tax liability. To determine state tax liability,…