News

What Local Governments Should Know About Reporting CARES Act Funds

by Brenda Davitt Since late June, Minnesota cities, counties, and townships have been busy certifying their eligibility to receive federal Coronavirus Relief Fund (CRF) distributions. The fund, which was created by the Coronavirus Aid, Relief, and Economic Security (CARES) Act, includes $841.5 million for Minnesota local governments. For many entities, it has provided much-needed economic…

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How Will COVID-19 Impact Your Organization’s 2021 Budget?

by Victoria Holthaus, CPA To say the last few months have been stressful is an understatement. Life as we know it has shifted, and a return to normalcy is hard to fathom at the moment. As a result, non-federal government entities are dealing with unexpected revenue shortages and increased expenditures—all against the backdrop of funding…

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Updated Payroll Forms & Processes

The outbreak of COVID-19 has already made irreversible changes to the way we live, work, and interact. In the workplace, the various stimulus packages, sick leave provisions, and other economic and governmental programs brought about by the pandemic have created a need for additional documentation and disclosures on certain payroll tax filings and forms. Two…

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How to Prevent Fraud During the COVID-19 Pandemic

by Darin Styles, CPA, CFE Over the last few months, life in the U.S. has been upended in ways previously unimagined. This rings especially true for business owners like you. In addition to ensuring the safety of your staff and customers, you’ve had to worry about keeping your business alive. Perhaps you’ve had to revamp…

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R&D Tax Credit: A Possible Solution for Increasing Cash Flow

by Matthew Nistler, CPA After months of lockdown, the economy is slowly coming back to life, eliciting sighs of reliefs from business owners nationwide. Nevertheless, businesses are still grappling with uncertainty. Many are wondering how they can hit pre-pandemic revenue levels and generate cash flow. For some businesses, the research and development (R&D) tax credit…

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Returning to Work: OSHA Guidance for Employers

by Tamara Hastings, PHR Does your organization have a re-opening plan in place? The Occupational Safety and Health Administration (OSHA) has issued guidance for reopening businesses that recommends each establishment conduct a hazard assessment for all jobs. It also clarifies OSHA’s positions on temperature checks, coronavirus testing and face masks. This is consistent with their…

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6 Ways to Prevent Inventory Fraud in Your Business

by Darin Styles, CPA, CFE The mention of “corporate fraud” often conjures up images of money—money-laundering schemes, embezzled checks, and fraudulent charges on a company account. But workplace fraud can and often does involve noncash assets. In fact, noncash fraud schemes account for 19% of fraud cases uncovered in small businesses with more than 100…

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