Outsourced Accounting Services

With Froehling Anderson’s outsourced accounting services, you can focus on running your business instead of fretting over proper transactional recording methods or tracking performance metrics. F.A. offers services in three distinct areas: Virtual Bookkeeper: This

Minnesota’s New Wage Theft Law

As of July 1st, new laws concerning employers and their employees will go into effect. The Wage Theft Law, passed by the Minnesota Legislature, amends labor laws and includes new wage and hour requirements, as

Potential Changes to your Minnesota Tax Returns Due to Retroactive Tax Law Changes

Minnesota recently passed a tax bill that retroactively brings some of Minnesota’s income tax provisions into conformity with federal income tax provisions that were passed in December 2017, as part of the federal Tax Cuts

Farewell Cindy Castellano

    Over the last 23 years, we have been blessed to have the world’s best receptionist at Froehling Anderson. Cindy Castellano has decided to retire and spend more time with family and friends (especially

The Benefits of Having a Manufacturing Accountant

Manufacturing is a complex business with many moving parts -- it can include anything from international business to tax laws. How do you set yourself up for success when it comes to your financials? Go

Not-for-Profit Financial Statement Standard Changes

New financial statement standards have been issued for not-for-profit organizations and will go into effect for most organizations for their fiscal year ending in 2019. The purpose of these changes is to improve clarity, uniformity,

Why You Should Consider a Roth 401(k) Plan

Roth 401(k) accounts have been around for 13 years now. Studies show that more employers are offering them each year. A recent study by the Plan Sponsor Council of America (PSCA) found that Roth 401(k)s

Professional Standards for CPAS

The accounting profession is largely self-regulated by the American Institute of Certified Public Accountants (AICPA). Part of its mission involves the development and enforcement of a broad range of standards for the profession. Why do

Properly Classifying Workers: Employee vs. Independent Contractor

To save money, your business may treat workers as independent contractors, rather than employees. Be aware that the IRS looks for businesses that improperly classify workers. It’s best to handle independent contractors so the relationships

What Entrepreneurs Need to Know About Tax Returns

Starting a new business can be a hectic, exciting and expensive time. Entrepreneurs are often unaware that many expenses incurred by start-ups can’t be deducted right away. Some may have to be amortized over time

Benefits of CFO Services

A great CFO can do more than help a company’s bottom line—they can put key processes in place to drive growth and culture. CFO’s provide their company with direction and vision that is invaluable. Why

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