Froehling Anderson Blog

6 Steps To Prepare For The New Lease Accounting Standard

By Froehling Anderson | Nov 30, 2021

Readers of our blog will recognize this topic, as we’ve written about it before. There is a new standard that drastically changes the accounting for lease contracts that primarily affect lessees. As

What You Need To Know About The New Lease Standard

By Froehling Anderson | Nov 30, 2021

What is the new lease standard? ASU No. 2016-02, Leases (Topic) 842, dramatically changes the way your business will record any new or existing lease. The new standard will significantly impact your

Rental real estate: Determining if a property is a business or an investment

By Froehling Anderson | Nov 30, 2021

If you own rental real estate, its classification as a trade or business rather than an investment can have a big impact on your tax bill. The distinction is especially important because of the 20%

Why Now is the Time to Optimize Your Remote Work Capabilities

By Froehling Anderson | Oct 20, 2021

The coronavirus pandemic upend work for millions of employees, and these changes might be permanent for many of them. According to a survey conducted by Gartner*, eight out of 10 business leaders

BOSS-Business Owners Seminar Series-Tax Planning and Changes

By Froehling Anderson | Oct 18, 2021

Minnesota Tax Law Update: IRC Conformity and Pass-Through Entity Tax

By Froehling Anderson | Aug 19, 2021

Minnesota tax code changes were recently signed into law this summer. It affects the Paycheck Protection Program (PPP), unemployment compensation, and other provisions. We combed through the details

Steve Wagner Recognized for 2020 Outstanding Facilitator by AICPA

By Froehling Anderson | Jul 29, 2021

Steve Wagner, a partner at Froehling Anderson, is one of the outstanding facilitators of 2020. Steve is an exceptional instructor and a respected expert. Steve has been with Froehling Anderson since

Celebrating 75 Years - Our Future

By Froehling Anderson | Jul 27, 2021

We have been focused on celebrating our 75th year in business here at Froehling Anderson because we believe that it is important to reflect on where we came from. It's also just as important to look

6 Things You Need to Consider for Estate Taxes

By John Lu | Jul 12, 2021

There are 2 things we do not escape: death and tax. What if we mix both? Well, it gets messy and complicated. This article attempts to provide some clarity.