DS+B Earns 2020 Best of Accounting™ Award for Client Service Excellence | 5 Years in a Row!

For the fifth consecutive year, our team is honored to earn the "Best of Accounting" Award as industry leaders in service quality, based completely on the satisfaction ratings given to us by our clients. We are committed to being connected, proactive and accessible to our clients' business and personal needs - and continually work to provide the best service experience possible.

Manufacturing, Trade and Growth in Minnesota: What is the Outlook for 2020?

Gears & Gadgets is an exclusive quarterly event hosted by Midwest Manufacturing Executives where attendees discuss manufacturing trends and develop synergistic connections to benefit our manufacturing. These events are specifically for manufacturing business owners and executives who are currently employed in a manufacturing company. Our 2020 kick-off event is on Tuesday, February 11th at the Minneapolis Marriott Northwest from 4:00-6:30 pm.

Minnesota Enacts Retroactive Depreciation Changes That May Affect 2018 Tax Return

The Minnesota legislation has retroactively changed allowable Minnesota depreciation of fixed assets relating to federal bonus depreciation and Section 179 expensing. This change may affect 2018 business and individual returns retroactively. The following is a guide for our clients, as we continue to monitor the issue closely.

Gears & Gadgets Event: Robotic Solutions to Manufacturing Challenges

Pew research tells us that even though there is a fast uptick in automation, over 70% of American's are still wary and concerned about robots in our workplace replacing American jobs. Join us at the next Gears & Gadgets Minnesota event, featuring a panel of manufacturing business owners and robotics experts who will discuss the role of robotics/automation and provide valuable insights from their own experiences.

DS+B Earns 2019 Best of Accounting™ Award for Client Service Excellence

For the fourth consecutive year, our team is honored to earn the "Best of Accounting" Award as industry leaders in service quality, based completely on the satisfaction ratings given to us by our clients. We are committed to being connected, proactive and accessible to our clients' business and personal needs - and continually work to provide the best service experience possible.

The Minnesota Economy in 2019: Are the Good Times Still Rolling?

Back by popular demand, King Banaian, Dean of the School of Public Affairs at St. Cloud State University and longtime economic forecaster is the keynote speaker at the Gears & Gadgets 2019 kick-off program. Prof. Banaian will offer a longer view of what made Minnesota and the Twin Cities what it is, how manufacturing developed around the state and the skills that are the competitive advantages of its workers. And what does this mean for the next 12-24 months? Manufacturing business owners and your Executive team - join us to hear Dr. Banaian's economic forecast while you develop strategies,…

Jon Cassens Featured in Upsize Minnesota | Part of Advisory Panel for “Growth Challenge” Entrepreneurs

Jon Cassens, Princpal of DS+B, was again one of several panelists for the Upsize Growth Challenge on October 22nd at the Minneapolis Club. The Growth Challenge matches two business owners with expert advice they need to reach their business growth goals. Club E members in attendance also had an opportunity to ask the owners, and panelists, their questions. Below is the story of NoSweat, a fast growing privately held business, from the October 2018 issue of the Upsize Minnesota article that featured Jon.

Revenue Recognition Rules Have Changed | DS+B Hosts Finance Leaders Alliance Group

On July 18th, DS+B welcomes the Finance Leaders Alliance Group for an educational presentation on how to prepare your business and leadership team. Topic: The accounting rules for revenue recognition and leases have changed. The new standard will take effect January 1, 2019 for privately held companies - that's right around the corner! Now is the time to dig in and start getting up to speed.

4th Annual Gears & Gadgets – Brews & BBQ

DS+B is proud to be a sponsoring partner of Gears and Gadgets, hosted by Minnesota Manufacturing Executives, which provides business owners and executives with informative presentations on latest trends, networking and peer collaboration for a strong manufacturing presence in Minnesota. Join us on July 17th for the 4th annual summer social event "Brews & BBQ" at Bauhaus in Minneapolis.

DS+B Earns 2018 Best of Accounting™ Award for Client Service Excellence

For the third consecutive year, our team is honored to earn the "Best of Accounting" Award as industry leaders in service quality, based completely on the satisfaction ratings given to us by our clients. We are committed to being connected, proactive and accessible to our clients' business and personal needs - and continually work to provide the best service experience possible.

Education Event: The Accounting Rules Have Changed – Is Your Business Ready?

The accounting rules for revenue recognition and leases have changed. Is your business ready for its impact on the financials, bank covenants and lease contracts? The new revenue recognition standard will take effect January 1, 2019 for privately held companies - that's right around the corner! Now is the time to dig in and start getting up to speed. On May 2nd, join DS+B for an educational presentation for business owners on how to effectively prepare your business and leadership team.

2018 Tax Calendar

To help you make sure you don’t miss any important 2018 deadlines, here is a summary of when various tax-related forms, payments and other actions are due.

Minnesota Manufacturing Executives Panel | Gears & Gadgets 10-16-2017

The next event on October 16th features a panel discussion made up of the winners and finalists of the Minnesota Business Magazine's "2017 Manufacturing Awards." The panel, moderated and hosted by Bill Wermager, will feature these prominent business leaders and innovators in the manufacturing industry sharing their success stories

DS+B Sponsors the 2017 Ronald McDonald House Charities Golf Classic

DS+B and Rock Island Wealth Management are proud to be a sponsor of the RMHC Upper Midwest Golf Classic once again in 2017. Great to see clients, friends and associates out for a great cause. Sean Boland and Mitch Stolba were in full swing as charity competitors. Jon Cassens, Max Judd and Noah Vannevel provided food and beverages to golfers at our sponsored snack stop.

Jen Verly Will Join an Expert Panel for Club Entrepreneur, Minneapolis on November 14th

At November’s Club Entrepreneur workshop, Jen Verly will once again join a panel of business advisors to discuss common mistakes that derail successful companies. The workshop, co-presented by Upsize Minnesota Magazine will help companies with all facets of the growth challenge, and introduce specialists and experts who can serve as trusted resources.

Recap: Gears & Gadgets | Panel Discussion with Minnesota Business Magazine’s 2016 Manufacturing Awards Winners

October’s Gears and Gadget event was both inspiring and educational! The event featured an expert panel of executives and leaders who were recently recognized at the 2016 Manufacturing Awards by Minnesota Business Magazine.  One of the main themes of the discussion were leadership and management techniques that have proven successful for these manufacturing businesses. The panelists commented that periodically … Continued

Minnesota Manufacturing Executives Panel | Gears and Gadgets 10-12-16

October 12 | The next Gears and Gadgets event, hosted by Minnesota Manufacturing Executives, will feature a panel discussion made up of the winners and finalists of the Minnesota Business Magazine's "2016 Manufacturing Awards." Business leaders and innovators in the manufacturing industry will share their stories.

DS+B Earns 2016 BEST OF ACCOUNTING™ Award For Client Service Excellence

The Best of Accounting Award winners are proven industry leaders in service quality based completely on the ratings given to them by their clients. Fewer than 1% of all accounting firms in the United States and Canada have earned the 2016 Best of Accounting Award for providing remarkable service quality.

Congratulations to Kowalski’s Markets | 2016 Entrepreneurs of the Year, Upper Midwest

From everyone at DS+B, congratulations to Kowalski's Markets, winner of the 2016 Entrepreneur of the Year, Upper Midwest in the retail and consumer products category. Owner Mary Anne Kowalski and COO Kris Kowalski Christiansen were profiled in the August 2016 edition of the Twin Cities Business Magazine, which co-produces the award and event held in Minneapolis / St. Paul Minnesota.

MNABC | 33rd Annual Golf Event | CPA Chip Challenge Winners Announced Here

DS+B is proud to support the Associated Builders and Contractors | Minnesota and North Dakota Chapter. We hope everyone had a good time at the 33rd annual T.E. Ibberson Classic on Monday July 18th at the Burl Oaks Golf Club in Minnetrista. Our snack stop team of Heidi Greeley and Elizabeth Imm enjoyed meeting other MNABC members … Continued

Manufacturing Executives Event | DS+B Sponsors Gears and Gadgets | July 19th

DS+B is proud to be a sponsoring partner of Gears and Gadgets, hosted by Minnesota Manufacturing Executives, which provides business owners and executives with informative presentations on latest trends, networking and peer collaboration for a strong manufacturing presence in Minnesota. Registration for the July 19th event is now open!

DS+B Sponsors the 2016 Ronald McDonald House Charities Golf Classic

Great to see clients, friends and associates out for a great cause at the RMHC Upper Midwest Golf Classic again this year. Sean Boland and Mitch Stolba were in full swing as charity competitors. Jon Cassens, Max Judd and Joe Jensen provided food and beverages to golfers at our sponsored snack stop. All tallied, RMHC Upper Midwest generated over $190,000 for families in need! An amazing outcome....and a 40% increase above 2015!

DS+B is a Silver Sponsor of the Minnesota Precision Manufacturing Association

About MPMA For over 50 years, the Minnesota Precision Manufacturing Association has been a source of information, education and support for those in the precision manufacturing industry. Their mission is to drive success in Minnesota precision manufacturing and help Minnesota become the recognized world leader in precision manufacturing and related technologies. In addition to networking opportunities, MPMA … Continued

DS+B Proud Sponsor of Ronald McDonald House Charities, Upper Midwest

Sean Boland / DS+B have been supporters of the Ronald McDonald House Charities, Upper Midwest for many years. We are proud to be involved with great people for a great cause. A big part of what makes this group exceptional is the caliber of business professionals, franchisee owner operators and their staff who attend each event.  Jon … Continued

Larry Gamst Joins Advisory Board of Eight Twin Cities Business Leaders

Larry Gamst was recently featured in the Minneapolis / St. Paul Business Journal as part of a newly-formed advisory board. Larry joins a distinguished list of metro business leaders to bring local perspectives and business connections to help the financial services group build its Twin Cities presence.

DS+B is a Member of the Minnesota Grocers Association

About the Minnesota Grocers Association MGA is a non-profit trade association founded to advance the common interests of all those involved in the food industry-supermarkets, superstores, convenience stores, food wholesalers, and food manufacturers and brokers. Over 300 businesses representing 1200 retail food stores as well as nearly 150 related businesses representing wholesalers, food manufacturers and … Continued

Identity Theft / Tax Scam Update

Defending yourself against identity theft is, unfortunately, a part of modern life. Increasingly we have clients contacting us regarding aggressive telephone calls or have received emails from parties identifying themselves as from the Internal Revenue Service. These scam artists are hard at work calling from sophisticated call centers threatening bank accounts levy or imprisonment and demanding immediate payment.   … Continued

Minneapolis Working Families Agenda Delayed For Study Until 2016

Minneapolis Working Families Agenda Delayed for Study Until 2016. Proposed Earned Sick Time and Scheduling Restriction Ordinances May Impact Employers. For employers in the city of Minneapolis, the Working Families Agenda could have a potential impact on businesses that staff and operate flexible scheduling patterns for varying customer activity. As cited in numerous media reports recently, … Continued

Brew Love Sponsor 2015 | Ronald McDonald House Charities Upper Midwest

From the event website: Join us on Thursday, August 13 at the Depot Shed in Minneapolis for the 6th Annual Brew Love. All event proceeds will enable the Ronald McDonald House Charities, Upper Midwest, to provide a comfortable and caring home-away-from-home that supports keeping families together and reduces stress during a child’s serious illness. The … Continued

DS+B Team Mentioned in MSP Business Journal “People on the Move.”

DS+B is growing and adding professionals with expertise in accounting, analysis, tax and business valuation services for its privately held business clients. We are excited to introduce several team members who were recently mentioned in the MSP Business Journal's "People on the Move"

DS+B is an Allied Member of the Minnesota Restaurant Association

About the Minnesota Restaurant Association The Minnesota Restaurant Association helps the industry thrive by providing advocacy, insight, education, networking and access to services and resources. The Minnesota Restaurant Association has served the needs of the restaurant and foodservice industry since 1933. In 1958, the MRA decided there was much to gain by joining forces and working collectively with … Continued

DS+B is a Member of the Minnesota Retailers Association

About the Minnesota Retailers Association The mission of the Minnesota Retailers Association is to promote, preserve and enhance the retail industry in Minnesota by taking a significant leadership position in development of public policy and regulatory measures that impact Members. MnRA will also work to enhance the public image of the retail industry by providing information, … Continued

DS+B Receives Top Rating in 2015 Peer Review

In 2015, DS+B completed its latest Peer Review as required to be in compliance with the AICPA. The results were no Matters for Further Consideration (MFC), and no Findings for Further Consideration (FFC), the highest rating a firm can receive.

IRS Update: Taxpayers Receiving Identity Verification Letter Should Use IDVerify.irs.gov

WASHINGTON — The Internal Revenue Service today reminded taxpayers who receive requests from the IRS to verify their identities that the Identity Verification Service website, idverify.irs.gov, offers the fastest, easiest way to complete the task. Taxpayers may receive a letter when the IRS stops suspicious tax returns that have indications of being identity theft but contains a real taxpayer’s name and/or Social Security number. Only those taxpayers receiving Letter 5071C should access idverify.irs.gov.

Sean Boland Will Be a Panelist for Mergers and Acquisitions Luncheon in Minneapolis on March 26

Sean Boland will be one of the panelists during the next UPSIZE Magazine / Club Entrepreneur luncheon on March 26 at the Minneapolis Club. Topic: What small to mid sized business owners need to know about mergers and acquisitions, best practices to maximize your business value when it’s time sell, and how to engage effective buyer side due diligence to get the best deal possible.

DS+B Named to the “Top 25” Accounting Firms List

A few more awards or plaques on the wall never hurts, but more important to us is the consistency in which we serve our clients’ interests. As a connected member of the Twin Cities business community, we work to create, grow and preserve wealth for many businesses and individuals. In this way, our firm and people have grown with our clients since 1950.

DS+B is a Member of the Minnesota Petroleum Marketers Association

DS+B is a long-standing member of the Minnesota Petroleum Marketers Association. The MPMA provides its members up-to-date regulatory and business insights on alternative energy, c-store business management, finance, government affairs and PAC, environmental and transportation safety.

DS+B Sponsored “Introduction to Growing Your Business” Event on October 11

This free SCORE introductory workshop to “Simple Steps for Growing Your Business” is designed for small business owners already in business and wanting to learn what it takes to grow further. It provides small business owners and managers the knowledge and tools they need to analyze, assess and grow their venture.

DS+B Presents to Construction and Contracting Business Leaders at MNABC

The DS+B team of Patrick Maloney (presenting), Kathy Kirkeby and Jerry Riegel were co-sponsors of the MNABC Breakfast and Education – “How to Entice, Retain and Motivate Employees.” In partnership with Mid American Financial Group, the presenters outlined some out-of-the-box methods to give construction and contracting business leaders some additional strategies to retain/hire employees in this competitive construction labor market.

Tips for Identifying Telephone Tax Scams

Increasingly we have clients contacting us regarding aggressive telephone calls received from parties identifying themselves as from the Internal Revenue Service. Telephone scam artists are hard at work calling from sophisticated call centers threatening bank accounts levy or imprisonment and demanding immediate payment.

Great Day at the 2013 MPMA Open Golf Classic

Clint Seehusen, Principal at DS&B, making the rounds at this year’s Minnesota Precision Manufacturing Association Open Golf Classic at Tartan Park. Great day out with fellow manufacturing industry owners, professionals, business associates and friends of MPMA.

Delay in ACA Employer Mandate: Opportunity to Regroup

The bombshell July 2 announcement came in the form of a blog post on the U.S. Treasury Department’s website, accompanied by a statement from the White House. The employer “shared responsibility” or “pay or play” provision is being delayed one year, until 2015.

Ignore Credit Card Security Compliance at Your Peril

Credit cards are an easy and convenient way for your customers to pay you. If you are a web merchant then it is virtually the only way. However, there are serious pitfalls you need to be aware of. Securing your customers’ credit card data is one of these issues. There are well defined industry goals … Continued

Small Physician Practice HIPAA $100,000 Settlement

I recently attended the 2013 Health Law Institute Minnesota Continuing Legal Education two-day seminar. One of the topics covered was “Significant New HIPAA Developments – A Report from the U.S. HHS Office of the General Counsel.” Jerome Meites from the Chicago HHS office of the General Counsel spoke on this topic.

TwinWest Chamber of Commerce Entrepreneur of the Year Announced

Congratulations to Nicole Middendorf of Prosperwell Financial as winner of Entrepreneur of the Year at the 2013 TwinWest Chamber of Commerce Small Business Awards Luncheon. Also recognized was Noah Rouen of The Rouen Group as Emerging Entrepreneur of the Year.

Momentum Builds for New Manufacturing Initiatives

In his latest State of the Union address, President Obama called for new manufacturing initiatives as a way to “bring jobs back home.” The president outlined, in general terms, the use of manufacturing hubs to coordinate efforts based on technological advances.

Tax Court: Bad Loans to Corporations Treated as Non-Business Bad Debt Losses

The IRS is always skeptical when individual taxpayers claim deductions for bad debt losses. The reason: losses from purported loan transactions are often from some other type of deal that went south. For example, the taxpayer might have actually made a contribution to the capital of a business entity that turned out to be a loser.