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Recent News

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4 Items Nonprofits Should Keep in Mind When Considering a Joint Venture

By Steven Anseth, CPA 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. But like any business relationship, a joint venture between a tax-exempt nonprofit and a for-profit entity also carries the…

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How Automation Benefits Your Organization’s Full-Time Employees

By Jean McGann, CPA This is the first article in our three-part series on the benefits of automation for governments. The second article will describe a few ways automation can assist your fieldworkers, and the third will focus on your most important stakeholders—your residents. As you might recall from the introduction to this article series,…

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Does your business need to worry about the ‘parking lot tax?’

By John Juntunen 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 included provisions that weren’t entirely business friendly. One such provision takes away a long-enjoyed deduction: employee parking costs. Now, all…

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How to Spot Fraud Within Your Business—and What to Do If You Find It

By Darin Styles, CPA, CFE Imagine this scenario: It’s been a busy day at your restaurant—so busy, in fact, that you’re expecting to see record sales when you close out the till at the end of the night. Instead, the till is short. You shake your head in disbelief. How could this be? You had…

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Minimum Wage Rate Adjusted for Inflation as of January 1st, 2020

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. The current large-employer minimum wage, $9.86, will increase by 14 cents to $10. Other state minimum wages, including the small-employer, youth and training wages, as well as…

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Abdo, Eick & Meyers, LLP Announces Promotion of Several Employees

Mankato, MN – September 16, 2019 – Abdo, Eick & Meyers continues its dedication to provide our clients with exceptional customer service and our commitment to growth and development of our team. We are pleased to announce the following executive level promotions: Heidi Lellman, Senior Manager; Darin Styles, Senior Manager; Jake Ouradnik, Manager; Brenda Crosby,…

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4 Powerful Budgeting Tips for Nonprofit Organizations

by Aaron Kauffmann, CPA We can all agree that budgeting is a good idea. But when there’s so much to do and so little time, it can be easy to let this critical task fall by the wayside. Don’t let this happen to your nonprofit organization! A well-designed budget gives you the ability to monitor…

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Little-Known Ways Automation Could Make a Big Difference for Your Organization

By Jean McGann, CPA Most of us have a bucket list. In fact, I’d say most of us probably have multiple bucket lists—one for life, and one for work. Adding to the life one is fun; it gives us a chance to daydream about future adventures. But adding to our work bucket list can elicit…

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Rental Property Owners: Don’t Miss These Tax Benefits

by Heidi Lellman, MBA, CPA 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, as well as lessees of commercial real estate,…

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Abdo, Eick & Meyers, LLP ranks high among National Firms

FOR IMMEDIATE RELEASE Contact: Jana Cinnamon, COO Abdo, Eick & Meyers, LLP 5201 Eden Avenue Suite 250 Edina, MN 55436 612-805-1851 Abdo, Eick & Meyers, LLP once again ranks in the top 200 of Accounting Firms Nationwide Mankato, MN (August 11th, 2019) – For the 5th year in a row, Abdo, Eick &…

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