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It is with great sorrow that we announce the passing of our founder, Joseph Abdo. Mr. Abdo established Abdo, Eick & Meyers, LLP in 1963 and believed in hard work, putting the clients first, and giving back to his community—the same values our firm stands by today.
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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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Minnesota’s minimum-wage rates will be adjusted for inflation beginning Jan. 1, 2020, to $10 an hour for large employers and $8.15 an hour for other state minimum wages.
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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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There is so much to do, and rarely enough time, money, or resources to get it done. Many of our clients want to know how to go from putting out fires to making progress on the projects they’re passionate about. Does this sound familiar? If so, take heart—automation can help.
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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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