Greetings!
"Yummy burgers!" "Great bar food in an expansive atmosphere." "BINGO!" These are just some of the reviews for our client and favored watering hole, Stanley's, in northeast Minneapolis. If you're in search of good food - for you and your dog - a good selection of beer, or maybe even a coed bean bag league, we invite you to check out Stanley's.
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| Department of Labor Issues Final Overtime Rule |
| As with all government regulations there are limitations and eligibility rules |
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On May 18, 2016, the Department of Labor issued its well anticipated final regulations regarding overtime rules relating in large part to the exemption of "EAP" (Executive, Administrative, and Professional) employees, which will increase overtime eligibility for millions of previously exempt workers. The new regulations take effect December 1, 2016.
The Fair Labor Standards Act (FLSA) offers protection to all eligible employees covered under the Act in the areas of minimum wage and overtime pay. Some workers, including "EAP" employees are exempt from that protection. There are generally 3 tests that must each be met in order for the Fair Labor Standards Act "EAP" exemption to apply: |
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Don't be Caught in Evolving Scams
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Your prince is not coming via email
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By now, most of us are skeptical when we receive an email from a surprisingly generous Nigerian prince who would love to share his wealth if only we would "advise me send the shipment which cost $49USD only." Unfortunately, scammers are often one step ahead of our information, and every new scam finds its share of victims before people become wiser.
Scammers these days will be so brazen as to impersonate grandchildren, stalk inboxes for months to devise a personalized cover story, or represent themselves as a vendor or authority that you already work with. Recently, a small music store in St. Paul became a victim of a scheme which cost over $40,000 in a matter of hours through scammers purporting to be QuickBooks (read article).
With all of this risk and ingenuity, here are a couple best practices to protect you, your loved ones, and your business.
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SDK's Quarterly Roundtable Series- Nonprofits
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| Lessons Learned. . .
A conversation with Chuck Selcer
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 Thursday, June 16, 20163:30-5:00 p.m.
Nicollet Island Inn
With over 35 years of experience advising nonprofit organizations, Chuck Selcer, managing shareholder at SDK, has many stories to share about the trials and tribulations, the successes and near misses and the heartwarming people who drive nonprofits focused on community and service. Join us for an informal presentation, followed by a question and answer session for you to bring those ideas you've had in your head for a time - find out if they are worth pursuing, or perhaps hear a few pros and cons.
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The 990 is a Public Document
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The Form 990 is required for charities to file with the Internal Revenue Service (IRS). The importance of this IRS filing is to document if the organization's operations are in accordance with its exempt purpose and to show if the organization is in compliance with a myriad of IRS compliance and filing requirements. However, the 990 plays a larger role than for the sole purpose of the IRS. Once filed, the form is required to be available to the public and is generally available at GuideStar.com which provides a primary source of information for funders including foundations, governments, corporations and individuals. While the main purpose is to provide information to the IRS, the organization should take great care to ensure the organization's message in the 990 is well communicated.
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Two more licensed professionals at SDK
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Tired of being cooped up? Ready to enjoy that summer sunshine? Well SDK has got you covered! It is time to get outside and explore all of the great patios (and food) Minnesota has to offer.
Here are 10 of Twin Cities' best patios for 2016, as quoted by the Pioneer Press: - Ox Cart Ale House - St. Paul Lowertown
- Freight House - Downtown Stillwater
- Sandcastle - Minneapolis
- 6Smith - Wayzata
- Psycho Suzi's - Northeast Minneapolis
- Bris's Pub - Downtown Minneapolis
- Dark Horse Bar & Eatery - St. Paul
- Rudy's Redeye Grill - White Bear Lake
- Surly Brewing Company - Minneapolis
- Stella's Fish Café - Minneapolis
Have fun discovering your new favorite spot! See the full article here (a total of 45 patios listed!) |
CONSTRUCTION ALERT-WASHINGTON AVENUE WESTBOUND CLOSED
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 For those visiting SDK offices, please allow extra time to get up to our suite. In addition to building upgrades, the westbound lane on Washington Avenue will be closed between 2nd Ave S and Hennepin Avenue through late November. |
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We welcome your comments and feedback, and will do our best to answer your questions. Contact your SDK representative or send a note to one of us and we'll be sure to find the right person to assist you.
SDK's Editorial Board
Emily Engels, Accounting Services
Beth Johnson, Marketing
Kyle Bergs, Audit
Dave Marrinson, Tax
Matt Schreiner, Tax
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