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Construction & Real Estate Investors
Accounting for Real Estate Investors & The Construction Industry Real Estate Investors Operating in the real estate industry holds special challenges regarding tax laws, market conditions, regulatory laws, and ever-changing technology. Competition is fierce and tax laws frequently change, which requires a quick response and planning for the future. Our
Manufacturing & Distribution
Accounting for Manufacturing & Distribution Serving Manufacturers Since 1921 Meeting business goals requires overcoming many obstacles, from increasing costs to changing regulatory and tax environments. To succeed, manufacturing and distribution companies need a trusted advisor who understands the industry and has the tax and accounting expertise to help them plan
Getting the Grant
There are thousands of grants and millions of dollars available to nonprofits from the federal government, states, foundations and other sources. Getting the grant you need generally requires you to submit a thorough, professional, and compelling grant proposal.
Nonprofit Grant Proposals
How effective are your nonprofit grant proposals? If you aren’t meeting with much success, you may need to change tack. Here’s how to research the grant, support your proposal and avoid pitfalls.
Board Designated Assets
Nonprofit board designated assets refer to funds that haven’t been restricted by donors but are subject to self-imposed limits on their use. They’re typically intended to ensure that funding is available when needed.
R&D Expense Changes
New Federal tax law changes are set to take place that could significantly increase the tax liabilities for companies that take part in research and development (R&D) activities.
Remote Selling for Manufacturers
Even before COVID-19’s impact on businesses, remote selling for manufacturers was becoming a “new normal.” For several years prior to COVID-19, there was a trend toward digital interactions that were accelerated by the social-distancing environment and now may become permanent.
Recruiting NFP Staff
The Great Resignation has hit not-for-profit organizations hard, and recruiting NFP staff will most likely require you to up your recruiting game. As many for-profit businesses have raised pay and hiring incentives to hire new staff, nonprofits have lost staff.
Nonprofit Financial Resilience
Despite COVID-19 and other roadblocks, your nonprofit needs financial resilience for the upcoming year and beyond. Forecasting can be difficult, but your staff and the board’s finance committee have ways to deal with obstacles. Here are three suggestions:
Minnesota Standard Deduction Correction – Tax Notice Could Follow
On September 24, 2021, the Minnesota Department of Revenue announced that their worksheet for calculating the Minnesota standard deduction limitation had been incorrect in their Instruction Booklet for both tax years 2019 and 2020.
Plan Carefully for Nonprofit Board Meetings
Whether your not-for-profit continues to hold videoconference board meetings or is back to in-person gatherings, you don’t want to waste members’ time. The key is good planning.
What the IRS Examiner Knows About Your Industry
While preparing for a business audit, an IRS examiner generally researches the specific industry and the taxpayer’s return issues. In addition, examiners may use IRS “Audit Techniques Guides (ATGs).”
Wisconsin Biennial Budget Bill Updates
The Wisconsin governor signed the 2021-2023 biennial budget bill that makes some changes to personal income tax, corporate income tax, partnership changes, sales tax, and property tax.
Nonprofit Boards: Is it Time for an In-Person Retreat?
As states open for business and the need for social distancing recedes, your not-for-profit organization may want to think about scheduling an in-person retreat for your board of directors.