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Recent News

How to Boost Participation in Your Employee Benefits Program

By Leah Davis, CPA Employees in today’s market expect their employers to offer benefits. And many employers do. But in many instances, employers worry their offerings go unnoticed or unappreciated. Sound familiar? Especially now, there are a few simple things you can do to help your employees better comprehend—and take advantage of—the benefits you offer….

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Payroll Tax Deferral – Updates Based on Current Guidance

by Tamara Hastings, PHR [Updated 9/2/2020] On August 28, 2020, the Department of Treasury and Internal Revenue Service issued much awaited guidance regarding the Presidential Executive Order, effective on September 1, 2020, allowing for the deferral of withholding and payment of the employee’s portion of the Social Security tax. While the guidelines do provide some clarification,…

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Webinar Recap: Practical Employer Response to COVID in the Workplace

As the coronavirus pandemic continues to evolve, employers continue to face new challenges. Unfortunately, for some employers, these challenges will come in the form of an employee testing positive for COVID-19.  Do you know how to appropriately respond if this were to happen in your workplace?    To help you better understand how to handle a…

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New Executive Order Delays Workers’ Payroll Tax Payments

On Saturday, August 8, 2020, President Trump issued an executive order to defer the withholding, deposit, and payment of certain payroll taxes paid from September 1 through December 31, 2020. Before employers take any action, there are a number of unknowns that still need to be addressed. For example: Are all eligible employees automatically enrolled…

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Does Your Service-Based Business Qualify for the Qualified Business Income Deduction?

by Matt Ringwelski, CPA One of the most talked about corporate tax perks of the Tax Cuts and Jobs Act (TCJA) has been the Section 199A deduction. And rightfully so—it generally gives owners, shareholders, or partners of pass-through entities a 20% deduction on qualified business income (QBI) on their personal tax returns. But despite its more…

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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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Abdo, Eick & Meyers, LLP Adds Sage Intacct Cloud Financial Management Software to Its Portfolio

Firm Partners with Sage Intacct to Tap into Growing Market for Cloud-based Financial Applications and Expand into New Vertical Industries EDINA, MN – July 29th, 2020 – Abdo, Eick & Meyers, LLP , a leading accounting firm, today announced a new partnership with Sage, the market leader in cloud business management solutions. As part of…

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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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