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Recent News

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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Planning to Transition Your Business to Your Kids? Believe It or Not—Now May Be the Time to Act

by Scott Danger, CPA, CVA, and Andrew Brower, MBA, ASA To paraphrase the great Albert Einstein: Every crisis presents an opportunity. This is easy to forget in the face of dire headlines, decreased revenues, and unending uncertainty. But it continues to ring true. For business owners, the economic downturn caused by COVID-19 could present valuable opportunities…

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Step and Grade Compensation Plans: Designing a Program to Drive More than Just Marketability

by Leah Davis, CPA Ask any employer today to name their greatest business or operational challenges and you are guaranteed to hear “finding qualified and skilled employees” in the top three of nearly every list. For many public employers, this struggle to build and retain a talented workforce can often be made even more difficult…

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How a Cost Segregation Study Could Help You Save on Taxes and Improve Cash Flow

by Kevin Kalal, CPA, MBT If you’re considering purchasing or have purchased a building within the last few years, it’s possible you could benefit even more from your acquisition. Sure, there are plenty of ways you could accomplish this. But one increasingly popular—and effective—tactic is to conduct a cost segregation study. Performed by tax experts…

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Technology & Data Solutions:
New Service-Group Offering

FOR IMMEDIATE RELEASE EDINA, MN | June 3, 2020 – To address client needs within an increasingly data-driven business landscape, Abdo, Eick & Meyers, a nationally recognized accounting firm, announces the launch of a new service group: Technology and Data Solutions. The following five services will be offered under the Technology and Data Solutions umbrella:…

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Paycheck Protection Program Flexibility Act

On June 5, 2020, President Trump signed the Paycheck Protection Program Flexibility Act (PPPFA) which aims to provide relief to businesses which may have had concerns surrounding the requirements to receive forgiveness for their Paycheck Protection Program (PPP) loans. This legislation was pushed through the House and Senate just as the initial 8-week coverage window…

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Paycheck Protection Program (PPP): Loan Forgiveness Application

POSTED 5/19/2020 – RECENTLY RELEASED PPP LOAN FORGIVENESS GUIDANCE FOR BORROWERS On Friday, May 15, 2020, the Small Business Administration (SBA) released, for the first time, the loan forgiveness application form which borrowers will use to request forgiveness. Included with the application are detailed instructions and supplemental schedules that borrowers will be obligated to create…

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‘Experience AEM’: Supporting Students in the Age of Coronavirus

By Jana Cinnamon There isn’t a playbook for how to do business in a global pandemic. At least there wasn’t in mid-March, when we packed up our offices to begin working from home. All we knew was that we would continue to show up for our clients and community—including the 30 students we had invited…

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Advertising vs Sponsorship: In the World of Virtual Galas

by Steve Anseth, CPA In recent months, nonprofits have had to make some major adjustments to their regular event schedule due to stay-at-home orders and social distancing practices. This often means opting to hold virtual galas and fundraisers in place of traditional events. The difficulty in this type of arrangement comes when determining how to…

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