Insights & Resources
Insights
Driven by personal passions, Abdo professionals dive deep into their individual areas of expertise and distill their knowledge to keep you fully informed.
What Every Employer Should Know About Sick Pay
The IRS defines sick pay as an amount paid under a plan to an employee who is unable to work because of sickness or injury. Sick pay may be paid by an employer or a third party, such as an insurance company, and includes both short- and long-term disability benefits.
Accounting for election judge pay: What Minnesota cities need to know
As we approach another busy election season, here are some basic items to remember about election judge wages.
8 Effective Ways to Enhance the Value of Your Business
Do you find yourself asking what you can do to increase the value of your business? Kevin Kalal shows you 8 ways you can make it happen.
Could You Qualify as a Real Estate Professional?
Too many people miss out on a tremendous tax savings because they simply don’t know they qualify as a real estate professional. Don’t let this be you!
The GST tax and your estate plan: What you need to know
The generation-skipping transfer (GST) tax is among the harshest and most complex in the tax code. So, if you’re planning to share some of your wealth with your grandchildren or great grandchildren — or if your estate plan is likely to benefit these generations — it’s critical to consider and plan for the GST tax.
Abdo Accelerate: Shedding Light on a Public Accounting Career
This year’s Abdo Accelerate, which was formerly known as Experience AEM, was held in-person on May 10 and 11. Here’s how we helped 20 students illuminate their paths forward.
A Living Will Can Help Ensure Your Last Medical Wishes are Carried Out
The terms “last will and testament” and “living will” may sound similar, but, in fact, they’re not at all similar. The latter is an important estate planning document that details your medical wishes should you become incapacitated.
Immediate R&D Expensing Is No More: What Does This Mean for Your Business?
The research and development (R&D) tax credit has long served as an incentive for business owners to invest in R&D efforts. Recently, however, one of its most advantageous benefits disappeared. Here’s what you should know.
Why You May Want to Reconsider Games of Chance at Your Fundraising Events
If your nonprofit is hosting a fundraising event this year, you’ll want to think carefully about the activities you’ll include on the agenda: The Minnesota Department of Revenue’s (MNDOR’s) nonprofit fundraising sales tax exemption does NOT apply when gambling takes place at an event.
The HSA: A healthy supplement to your wealth-building regimen
In addition to helping to reduce health care costs, a Health Savings Account can positively affect an estate plan because its funds grow on a tax-deferred basis, potentially building wealth for heirs.
Worried About Your Unemployment Insurance Bill? What You Should Know
Great news for Minnesota nonprofits and businesses–lawmakers finally came to an agreement on how to repay the state’s unemployment insurance trust fund. How does this impact your organization?
How automation can benefit your organization
Simply put, “automation” is the act of automating certain processes within an organization. These processes could include accounts payable and receivable, payroll, and other administrative functions. While automation typically relies on software, it’s not about reducing your organization’s headcount. Instead, it’s about finding ways to eliminate redundancies, paper, and even errors. The result: Your staff members are free to do more of what they were hired to do—and empowered to do it more easily.