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By Bonnie Schwieger, CPA As you may have noticed, the Government Accounting Standards Board (GASB) has been issuing new standards over the last few years in a bid to improve the financial reporting of state and local governments. The GASB’s goal is to provide better information to financial statement users. The statement is effective for…Read More
On December 20, 2019, President Trump signed into law the Consolidated Appropriations Act and the Further Consolidated Appropriations Act. Within this legislation was the Setting Every Community Up for Retirement Enhancement Act of 2019 (i.e. the SECURE Act). There are many tax law changes included in this legislation and below we have consolidated the changes…Read More
By Darin Styles, CPA, CFE Fraud in the workplace has, unfortunately, become somewhat commonplace. According to the results of the Association of Certified Fraud Examiners (ACFE) Global Fraud Study, a typical business loses an average of 5% of income each year due to fraud alone. Even still, business owners who fall victim to fraud often…Read More
EDINA, MN | January 8, 2020 – Abdo, Eick and Meyers, a nationally recognized accounting firm, announces the promotion of Victoria (Vicki) Holthaus to the position of partner of AEM Financial Solutions, effective January 1, 2020. In her new role, Vicki will focus on helping local governments and nonprofit agencies overcome accounting and financial challenges….Read More
By Leah Davis, CPA It’s no secret that the baby-boomer retirement wave is coming. In some organizations and local governments, it’s already washing ashore. What’s more, the increased mobility of today’s workforce means employees aren’t staying in one job for as long as they did 20 years ago. The impending mass exodus and ever-changing tide…Read More
By Bonnie Schwieger, CPA As you may have noticed, the Government Accounting Standards Board (GASB) has been issuing new standards over the last few years in a bid to improve the financial reporting of U.S. and local governments. The GASB’s goal is to provide better information to financial statement users. In January 2017, the GASB…Read More
The finalized 2020 Form W-4 was released on December 4, 2019. You can find the final form here: https://www.irs.gov/pub/irs-pdf/fw4.pdf Due to the federal tax law changes that took place in 2018, the 2020 Form W-4, Employee’s Withholding Certificate, is very different from previous versions. The Internal Revenue Service (IRS) is not requiring all current employees to complete…Read More
By Steve Isakson, CPA, CGMA If you’re a professional service provider with out-of-state clients, it’s important to know where you stand with state and local tax (SALT) obligations. That’s because the rules have changed, thanks in large part to the U.S. Supreme Court’s 2018 ruling in South Dakota v. Wayfair, Inc. Here’s what you should…Read More
FOR IMMEDIATE RELEASE ABDO, EICK & MEYERS, LLP ANNOUNCES THE PASSING OF FOUNDER JOE ABDO Mankato, MN – December 2, 2019 – It is with great sorrow that we announce the passing of our founder, Joseph Abdo. Mr. Abdo established Abdo, Eick & Meyers, LLP in 1963 and believed in hard work, putting the clients…Read More
By Darin Styles, CPA, CFE Data monitoring is widely regarded as an effective tool for identifying trends and areas of improvement within a business. It also happens to be invaluable when it comes to detecting and preventing fraud. According the Association of Certified Fraud Examiners’ 2018 Report to the Nations, organizations that implement proactive data…Read More