Froehling Anderson Services

As a premier Twin Cities CPA consulting firm, Froehling Anderson puts people before numbers, building long-lasting relationships with our clients. We make sure we can properly assist, guide and support our clients by having a

4 Steps for 501(C)(3) Organizations to Keep Their Tax-Exempt Status

Organizations can be exempt from federal income tax under Internal Revenue Code section 501(c)(3). In order to maintain their tax-exempt status, these organizations must comply with federal tax law. Certain activities could cause an organization

By |June 29th, 2017|Categories: Assurance|Tags: |

When Employers Need to Correct Contributions to Employee Benefit Plans

Common plan errors found by employers or during employee benefit plan audits are those relating to the failure to correctly determine or withhold elective deferrals and the exclusion of eligible employees. The timing of when

By |December 20th, 2016|Categories: Assurance, Business Management|

5 Steps To Prepare For The New Lease Accounting Standard

There is a new standard that drastically changes the accounting for lease contracts that primarily affect lessees. In February, 2016 the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-02, Leases. This is

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