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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…Read More
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,…Read More
FOR IMMEDIATE RELEASE Contact: Jana Cinnamon, COO Abdo, Eick & Meyers, LLP 5201 Eden Avenue Suite 250 Edina, MN 55436 612-805-1851 Jana.email@example.com www.aemcpas.com 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 &…Read More
by Bradley Rod, CPA Over the last two years, we’ve all heard about the Tax Cuts and Jobs Act and the business-friendly measures that came with it. But amid the shiny new perks of tax reform, there’s a tax credit that’s still one of the best ways for businesses—including manufacturers—to reduce their tax liability. I’m…Read More
by Scott Danger, CPA CVA Building value into your business generally means increasing its cash flow and reducing its risk. The truth is, it’s more than a pre-sale best practice. Not only can it help you weather personal or economic storms but also it can give you more options if you were to sell your…Read More
The numbers don’t lie, but they don’t always tell the whole story. At Abdo, Eick & Meyers, this oft-used statement has long been one of our mantras. Recently, it seems the Financial Standards Accounting Board (FASB) has decided to follow it, too.Read More
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. These regulations, referred to as “Wage Theft” rules, are intended to ensure that all employees are provided with transparent access to important employment and payroll information and was passed in response to the large volume of wage theft complaints submitted to the Minnesota Department of Labor (DOL) each year.Read More
If you are involved with real estate or rental properties, you need to understand how valuable the 199A tax deduction can be for your business.Read More
It can be tough to imagine selling your business—something into which you’ve poured so much time, energy, and emotion. This is true whether you’re years or decades away from selling. 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. Ideally, you should begin planning your exit one to five years ahead of when you want it to happen. Having this kind of lead time allows you to make thoughtful, strategic decisions around ways to maximize your company’s value—and ownership’s return on investment.Read More
Have you received an employer correction request notice within the last few months? If so, you’re not alone. This past March, the Social Security Administration (SSA) resumed its practice of sending out these notices, also known as “no-match” letters, for the first time in seven years.Read More