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Joint ventures between Section 501(c)(3) organizations and businesses are becoming increasingly common. Such arrangements can also provide a nonprofit with access to capital and outside expertise while helping to further its mission.
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Automation tends to involve software, but it’s never about reducing an organization’s head count. Instead, it’s about eliminating redundancies, paper, and inaccuracies while empowering employees to focus on meaningful work.
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The Tax Cuts and Jobs Act of 2017 (TCJA) has been lauded for reducing the U.S. corporate income tax rate from 35 percent to 21 percent. But the new tax law also takes away a long-enjoyed deduction: employee parking costs. Now, all employers—regardless of industry or entity type—may lose business tax deductions on parking provided to employees.
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Abdo, Eick & Meyers continues its dedication to provide our clients with exceptional customer service and our commitment to the growth and development of our team. We are pleased to announce these recent executive-level promotions.
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A well-designed budget gives you the ability to monitor your organization, particularly its financial position, throughout the year. With this insight, you can be intentional about purchases, avoid reactive spending, effectively manage cash flow, and steer clear of potentially precarious situations.
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If you’re a rental property owner, you know the need to renovate and make improvements never ends. Thankfully, there’s a relatively new tax law on the books, courtesy of the Tax Cuts and Jobs Act, that gives owners of commercial rental properties a significant tax benefit when making certain building improvements or repairs.
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For the 5th year in a row, Abdo, Eick & Meyers has ranked as one of the top 200 Accounting Firms in the country by Inside Public Accounting Magazine. Now in its 29th year, the rankings are based on data collected from more than 500 accounting firms through the publication’s annual survey.
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Building value into your business generally means increasing its cash flow and reducing its risk. The truth is, it’s more than a pre-sale best practice.
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Your nonprofit’s financial statement readers are likely to include its major donors, which means what you include or don’t include in your footnote could have significant consequences for your nonprofit. To help you present your numbers in the best light, here are a couple of things you should know.
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Minnesota’s New Wage Theft Regulations and Employer Requirements: Real World Planning for Compliance
In case you missed it, on May 30, 2019, Minnesota passed the Jobs and Economic Development Omnibus Bill. Along with many other budget and legislative items, that bill included several new regulations imposing new responsibilities and recordkeeping requirements for Minnesota employers effective July 1, 2019.
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