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LB Carlson has a dedicated team of seasoned professionals that can help you innovate and grow your organization. We can sit beside you as a consultant in board meetings and help with important daily decisions. Your organization can benefit from our expertise in the Health and Human Services industry and being with a firm that understands your accounting and tax needs.

Industry-Specific Services

  • Accounting Outsourcing: We can assist with preparing monthly reconciliations and financial statements, enhancing your internal controls, or step in as a contract controller/CFO.
  • Accounting Software: We have extensive knowledge with QuickBooks, Peachtree, and other accounting software.
  • Payroll Processing: Our payroll professionals can handle all of your organization’s payroll matters including preparing your federal and state quarterly payroll tax returns.
  • Attest Services: Our highly skilled and experienced professionals provide audit, review and compilation services. Providing financial statements in a timely and accurate manner is our commitment.
  • Tax Services: Our professionals have intensive experience preparing tax returns and handling all levels on tax related issues that your organization may encounter.
  • Consulting: Here at LB Carlson, we can help you start your organization or help you design and implement a succession plan. We can assist you with benchmarking, compensation planning, and litigation support. We can be there for every step.
Practice Leader
Darren Kray

Related Posts

Lease Standard

On April 8, 2020, the Financial Accounting Standards Board voted to delay the effective date of ASC 842, Leases, an additional year. 

The Top 10 Questions about the Tax Deadline Extension

It was announced on March 20 that Tax Day would be postponed from April 15 to July 15 to coincide with the delayed tax payment deadline at the direction of President Trump. Treasury Secretary Steven Mnuchin announced the postponement via Twitter, stating that all taxpayers and businesses will have until July 15 to file and make payments without interest or penalties.

Many states are still announcing their response to the deadline. Due to COVID-19, Minnesota is providing additional time until July 15, 2020, for taxpayers to file and pay 2019 Minnesota Individual Income Tax without any penalty and interest.  Minnesota has not extended 2020 first and second quarter taxes. We know you have lots of questions. Below is a summary of the 10 most common questions and the IRS’s response.

CARES Act: Understanding the Paycheck Protection Provision (SBA 7a Loan) Program

The Coronavirus Aid, Relief, and Economic Security (CARES) Act signed into law on March 27 provides $349 billion in funding for the Small Business Administration (SBA) in an effort to provide assistance and relief to America’s small businesses struggling under the weight of COVID-19. The Act included a paycheck protection provision for small businesses by providing additional funding to the SBA for specific areas of need and expanding the SBA’s 7(a) loan program.

Tips and Considerations for Small Businesses Applying for an SBA Disaster Loan

Small businesses are now eligible for up to $2 million in Economic Injury Disaster Loans from the Small Business Administration (SBA). President Trump has called for an additional $50 billion in funding to the SBA’s lending program from Congress. While the $50 billion is not yet approved, the SBA can issue an Economic Injury Disaster Loan declaration, thanks to the Coronavirus Preparedness and Response Supplemental Appropriations Act.

Knowing what to expect before starting the loan process will help prevent unnecessary errors and rework. Completing the application process quickly and accurately will be key as there will be high demand and processing times will likely increase. We’ve put together the following summary of what business owners can expect when applying for an SBA loan.  

What You Need to Know About the Paid Sick and Family Leave Tax Credits

The Families First Coronavirus Response Act (FFCRA) signed on March 18, 2020, made unprecedented expansions to paid sick and family (childcare) leave provisions in light of the challenges for the American workforce due to COVID-19. The expansions to paid sick and family leave cover employers with up to 500 employees, and tax credits are available for up to 100% of qualifying wages paid. Eligible employers are granted a grace period by the DOL to come into compliance with the Act as long as employers act reasonably and in good faith during the grace period.