Insights & Resources

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Our expertise comes from years of experience, as well as being tapped in on the latest developments. Our priority is to ensure this knowledge enriches our clients in every way.

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Insights

Written by Abdo experts to address specific concerns, developments and opportunities. See more

From quality control to quality management: New AICPA quality standards are here—is your firm ready?

If your accounting firm issues reports on financial statements, you likely know the AICPA issued new standards on quality management last year. Although the standards aren’t effective until late 2025, it’s imperative to start implementing them now.

Prepare your manufacturing business for future tax law changes

With many provisions within the Tax Cuts and Jobs Act (TCJA) expiring in late 2025, several state and federal tax law changes may impact manufacturing businesses, including one that will impact manufacturers who engage in R&D.

Non-monetary donations: What to do with kindness in-kind

Non-cash donations to a nonprofit organization are called in-kind contributions, and they come with their own set of requirements—that apply to both the nonprofit and its donors.

Resources & Tools

We’ve consolidated links to go-to sources of truth, as well as helpful instructional videos. See more

Beneficial Ownership Information Reporting Resources

Beginning January 1, 2024 many organizations will be required to comply with the new Federal reporting requirement for Beneficial Ownership Information (BOI). We have resources available to help you understand the requirement and maintain compliance.

Minnesota Earned Sick and Safe Leave Act (ESSL) Takes Effect January 1, 2024

The Minnesota Earned Sick and Safe Leave Act (ESSL) will go into effect on January 1, 2024 and effects every employer in the state, regardless of the number of employees they have.

Is QuickBooks right for your nonprofit?

Nonprofits aren’t designed to generate a profit, but they still need to monitor their financial health. Learn how QuickBooks can help you track your progress toward achieving financial targets this year and for years to come.

Tax Highlighter Blog

As leading tax experts, the team at Abdo wants to ensure you stay up to date on ever-changing tax laws, regulations, and news. Check back daily for our Tax Highlighter blog posts. See more

Minnesota House submits proposal for tax increases

With the current legislative session ending in May, the Minnesota House released a tax proposal that includes the creation of two tax increases that would impact high-income residents and corporations.

NFTs may be treated as collectibles for tax purposes

Do you own nonfungible tokens (NFTs)? If so, you need to know that the IRS intends to treat certain NFTs as collectibles for tax purposes.

2023 Foreign housing cost exclusions released

The IRS has issued the 2023 foreign housing cost exclusions, allowing citizens living abroad to elect to exclude the foreign earned income and housing cost amount from gross income (with limitations).

Events & Webinars

Our passion for empowering clients includes sharing knowledge through in-person and online events. See more

Preparing for a Bond Rating Call

Whether you are an experienced finance director or have never presented at a bond rating call before, discover the knowledge and strategies to impress the rating agencies and secure a favorable bond rating for your city.

GASB Updates: How to prepare your organization

Webinar hosted Wednesday, November 8, 2023   |   11:00 AM – 12:00 PM CDT
Join us for our upcoming webinar which will provide an overview of the new GASB standards and help you understand how they will impact your organization.

Harness the Transformative Powers of AI

Artificial intelligence (AI) and machine learning are transforming businesses in this modern landscape. Join us to get firsthand insight on what every financial professional needs to know.

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Resources

Covid-19 Resources

The unforeseen effects of the pandemic have impacted how every organization operates. We’ve gathered recommended resources for keeping up with the ever-evolving situation.