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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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As a rental property owner, it’s possible you could qualify for the 199A deduction—if you meet certain requirements. Your ability to qualify also depends on the facts and circumstances of your situation. Here are a few of the requirements rental property owners must meet in order to qualify.
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It can be tough to imagine selling your business—something into which you’ve poured so much time, energy, and emotion. Regardless of where you’re at, the important thing to know is this: The successful sale of your business starts well before the sales process even begins.
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A no-match letter identifies employees whose name and Social Security number (SSN) on a filed Form W-2 do not match SSA records. Finding one in your mailbox can be a little unnerving; however, it doesn’t mean that an employee purposefully gave fraudulent information to the government.
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Two of the most significant accounting standards changes the industry has seen in years are just around the corner—and are already impacting the way manufacturers do business this year. Known technically as Accounting Standards Codification (ASC) Topic 842 “Leases” and Topic 606 “Revenue from Contracts with Customers,” the new standards affect both leases and revenue recognition.
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To help you better understand how to account for the contributionsparticularly the grant fundsyour nonprofit organization receives, here’s what you should know about conditional contributions
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Ranked as one of the Twin Cities Largest Accounting Firms by the Minneapolis / St. Paul Business Journal, we credit our exponential growth to our client-centric business approach, committing to creating a positive and impactful experience with services and solutions that go beyond the numbers.
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To help you understand how ASU 2018-08 could impact your nonprofit, here are a few things you should know, starting with the difference between an exchange transaction and a contribution.
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Ranked as one of the top firms in the Midwest by Accounting Today, we continue to look beyond the numbers to offer superior services and innovative solutions to our clients. Our continuous growth in both diversity and scale is due to our commitment to providing our clients with services and solutions that drive impactful results.
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