Latest Articles

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November 29, 2021 

How Streamlining Payments Helps Build Vendor Relationships

When vendors want to be paid by check, it's often because they have some sort of mechanism that makes it easy to process them. In larger companies for example, that often means using their treasury bank to do lockbox processing for them.

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November 29, 2021 

Eide Bailly Acquires PMB CPAs

The combination will add two offices to Eide Bailly’s downtown presence in the Twin Cities, one in Bloomington, Minn., and another in Plymouth, Minn. PWB’s strong reputation for client service and specific industry expertise will help Eide Bailly ...

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November 24, 2021 

New Unemployment Claims Drop to Pre-Pandemic Levels

In the week ending November 20, the advance figure for seasonally adjusted initial claims was 199,000, a decrease of 71,000 from the previous week's revised level. This is the lowest level for initial claims since November 15, 1969 when it was ...

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November 24, 2021 

Retailers Expect Surge in Thanksgiving Weekend Sales: Up to 10% Growth

Nearly 2 million more people than last year are expected to shop from Thanksgiving Day through Cyber Monday this year even as consumers have continued the trend of starting their holiday shopping earlier in the year, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. “We’re expecting...…

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November 23, 2021 

Checklist for End-of-Year Activities with Clients

As we march toward the end of another challenging year, the question remains if we are prepared for a glitch-free wrap of the business year. Along with tax and accounting, there are some tax, compliance, legal, information technology (IT), and ...

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November 23, 2021 

FASB Proposes Expanded Disclosures and Improved Accounting Related to the Credit Losses Standard

The Financial Accounting Standards Board (FASB) today issued a proposed Accounting Standards Update (ASU) intended to improve the decision usefulness of information provided to investors about certain loan refinancings, restructurings, and writeoffs. Stakeholders are encouraged to review and provide feedback on the proposed ASU by December 23, 2021. The proposed ASU addresses areas identified by...…

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November 23, 2021 

Beware of These Common Scams Over the Holidays

Taxpayers and tax professionals face a heightened risk in coming months as fraudsters continue to use the pandemic as a way of tricking people into sharing sensitive personal information by email, text message and online. Identity thieves can use that ...