The financial management of local governmental organizations has never been more challenging or critical than it is today. The growing complexity of governmental reporting and compliance issues, the heightened demand for accountability as stewards of public resources, and the constant pressure to provide exceptional public services while maintaining budgetary integrity, have significantly increased the demands on local government organization business officials and governance. LB Carlson provides effective assurance, compliance, and advisory services to help our governmental clients meet these challenges and maintain the trust of their constituents and stakeholders.
An experienced and expert resource
It’s important for local governments to partner with a firm that offers expert audit, accounting, and advisory services dedicated to this complex field. Our governmental services team’s leadership and experience serving the highly specialized needs of the local governmental sector in Minnesota is unsurpassed.
This experience brings a thorough understanding of this unique environment, ensuring our clients receive expert solutions that consider the latest developments in governmental accounting, compliance, and legislation. The leadership and staff of our governmental services team have the specialized knowledge and experience necessary to deliver high-quality services in a timely and cost-effective manner.
Governmental organizations we partner with
LB Carlson’s governmental services team currently provides services to approximately 100 local governmental organizations, including:
How we can help you!
In addition to traditional attestation, compliance, and accounting services, LB Carlson offers a wide range of customized advisory services specifically tailored to meet the needs of our governmental clients. Our governmental services team’s depth of specialized knowledge and thorough understanding of this constantly evolving environment enables us to provide responsive and forward-thinking support to our governmental clients throughout the year.
Most business owners would likely agree that strategic planning is important. Yet many companies rarely engage in active measures to gather and discuss strategy. Sometimes strategic planning is tacked on to a meeting about something else; other times it occurs only at the annual company retreat when employees may feel out of their element and perhaps not be fully focused.
A critical deadline is approaching for many of the businesses that have received loans under the Paycheck Protection Program (PPP), which was created in March 2020 by the CARES Act. If these borrowers don’t take action before the deadline expires, their loans will become standard loans, and the borrowers could be responsible for repaying the full amount plus 1% interest before the maturity date. In addition, some borrowers could face audits.
No matter the size or shape of a business, one really can’t overstate the importance of sound accounts receivable policies and procedures. Without a strong and steady inflow of cash, even the most wildly successful company will likely stumble and could even collapse. If your collections aren’t as efficient as you’d like, consider these five ways to improve them.
Are you just starting your business? Maybe you received the notice that QuickBooks Desktop/Intuit payroll will be retired after this year and wondering what your options are. Do you currently have QuickBooks Desktop and are wishing you could have multiple people access the data from other than your computer?
The first advance payments under the temporarily expanded child tax credit (CTC) will begin to arrive for nearly 39 million households in mid-July 2021 — unless, that is, they opt out. Most eligible families won’t need to do anything to receive the payments, but you need to understand the implications and why advance payments might not make sense for your household even if you qualify for them.
What you need to know now about the Employee Retention Credit
