Outsourcing

Introducing Strategic Business Services

Linda and I are thrilled to announce the introduction and roll-out of Fiscal Foundations Strategic Business Services (SBS).  This is a new division of Fiscal Foundations.  As you know, all of us at FF are committed to helping small businesses and non profit organizations succeed – and we do this by ensuring that our clients have…

Read More

MN Unemployment Audit – 1099 Independent Contractors

Just went thru another Minnesota Unemployment audit with a client. Ugh. No one wants to see the audit letter or the auditor. This auditor gave me hope by giving me explanations in plain language on how to treat 1099 independent contractors. No matter what the “contractor” is trying to convince you of. A true 1099…

Read More

Questionnaire for Assessing Church Bookkeeping Needs and Preferences

Provided by Fiscal Foundations, LLC [For questions, call Linda Logan, 612-387-8619] Tracking member contributions Each year a church tracks and reports total donations made by each member. Usually a letter or report is sent during the first half of January informing members of the amount of their donations they can claim on their tax return.…

Read More

Managing Trust Accounts with QuickBooks

For lawyers and real estate agents— Managing Trust Accounts (Iolta Accounts) with QuickBooks® Attorneys and real estate agents often hold client or third party funds in trust and are responsible for tracking the receipt and dispensation of these funds. The purpose is to safeguard these funds from loss. The monies belong to the clients/third parties…

Read More