Category: Restaurants & Breweries

Most restaurants are finally reopening to in-person dining. And while you may now be thinking about luring customers back, hiring enough workers and managing supply-chain shortages, one issue has remained the same: fraud. Restaurants often face fraud threats from employees, ...

The COVID-19 pandemic has affected various industries in very different ways. Widespread lockdowns and discouraged movement have led to increased profitability for some manufacturers and many big-box retailers. The restaurant industry, however, has had a much harder go of it...

This webinar was recorded on April 24, 2020 and featured Boyum Barenscheer CPAs discussing PPP Loan Forgiveness - Who, What, Where and Why to Spend the Money.  The one hour presentation was followed by 30 minutes of Q&A.  ...

Following Executive Order 20-15, the Minnesota Department of Employment and Economic Development (DEED) has established a loan program to assist small businesses directly and adversely affected and whose industry is named in Executive Orders 20-04 and 20-08 following the COV...

Many small businesses are reeling from the impact of the COVID-19 pandemic. Boyum Barenscheer is here to help. We have gathered a list of helpful resources for small businesses to turn to during this unprecedented time....

Lapping schemes are one of the most common ways crooked employees skim money from their employers. In these schemes, a perpetrator uses receipts from one account to cover theft from another. Here’s what lapping looks like and how you can help prevent it....

The Minnesota Legislature recently passed a tax bill that conforms or partially conforms several Minnesota tax laws to changes made under prior Federal tax bills. Below is a link to a listing provided by the Minnesota Society of CPAs (MNCPA) of the items that now conform or...

Time flies when you’re having fun — and running a business. Although it’s probably too early to start chilling a bottle of bubbly for New Year’s Eve, it’s certainly not too early for business owners to start doing some strategic planning for next year. Here are som...

If you’re like most business owners and executives, you may not actively search for fraud risks — until there’s an incident and you’re facing possible losses. Although publicly traded companies must conduct fraud risk assessments, privately held businesses don’t ha...

Accounting software typically sells itself as much more than simple spreadsheet or ledger. The products tend to pride themselves on being comprehensive accounting information systems — depending on the price point, of course.  So, is your accounting software living up to ...

Key Tax Deadlines for Businesses and Other Employers:  Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2019. This list isn’t all-inclusive, so there may be additional deadlines that apply to you....

There are many ways for employers to conduct annual performance reviews. So many, in fact, that owners of small to midsize businesses may find the prospect of implementing a state-of-the-art performance review process overwhelming.The simple truth is that smaller companies m...