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Using QuickBooks to Manage Your Not-For-Profit’s Grants and Donations 

For Not-For-Profit organizations, effectively managing grants and donations is vital to fulfilling the mission and maintaining trust with donors, grantors, and the community. Yet as funding sources diversify and reporting requirements grow more complex, keeping everything organized can quickly become a challenge. That’s where QuickBooks comes in. With its Not-For-Profit specific tools and customizable features, QuickBooks can help your organization …

For Not-For-Profit organizations, effectively managing grants and donations is vital to fulfilling the mission and maintaining trust with donors, grantors, and the community. Yet as funding sources diversify and reporting requirements grow more complex, keeping everything organized can quickly become a challenge. 

That’s where QuickBooks comes in. With its Not-For-Profit specific tools and customizable features, QuickBooks can help your organization track revenue, manage expenses, and maintain compliance with funding requirements, all in one place. 

Why Financial Tracking Matters in the Not-For-Profit World 

Not-For-Profits have unique financial management needs. Unlike for-profit businesses, their accounting systems must distinguish between restricted and unrestricted funds, track grant spending by purpose, and produce accurate reports for funders and boards alike. 

A strong financial tracking system helps your organization: 

  • Maintain compliance with grant agreements and donor restrictions 
  • Provide accurate, transparent financial statements to stakeholders 
  • Identify funding gaps and opportunities for improvement 
  • Strengthen long-term sustainability and accountability 

When used effectively, QuickBooks can make these tasks simpler, more efficient, and more reliable. 

Setting Up QuickBooks for Not-For-Profit Success 

QuickBooks offers specialized features that can be customized for Not-For-Profit operations. Setting it up properly from the start ensures smoother day-to-day management and easier reporting down the road. 

1. Use Classes and Locations to Track Grants 

QuickBooks allows you to use classes or locations to separate activities by grant, program, or funding source. This enables you to see how each project is performing financially, monitor spending limits, and prepare reports tailored to funder requirements. 

2. Create a Chart of Accounts That Fits Your Mission 

Your chart of accounts should reflect the nature of your Not-For-Profit’s work. Set up income and expense categories specific to grants, fundraising campaigns, or donor programs. This structure makes it easier to analyze results and communicate financial information clearly. 

3. Record Donations Accurately 

Use QuickBooks’ donation tracking features to record contributions by donor, campaign, or type of support (cash, in-kind, pledges). Integrating donor management tools or platforms like DonorPerfect or Kindful can further streamline the process and reduce manual data entry. 

4. Track Restricted and Unrestricted Funds 

Donor-restricted funds must be tracked separately from general operating funds to ensure compliance and proper reporting. QuickBooks allows you to assign restrictions to income accounts or use sub-accounts to maintain clarity around how funds can be used. 

5. Reconcile Regularly and Review Reports 

Monthly reconciliations ensure that all grant and donation transactions are accurate and up to date. Generate reports such as Statement of Activities, Statement of Financial Position, and Budget vs. Actual to monitor performance and provide updates to your board and funders. 

Leveraging QuickBooks for Grant Compliance 

Grant management requires careful documentation of how funds are spent. With QuickBooks, Not-For-Profits can easily attach receipts, track program expenses, and generate fund-specific reports to meet grantor requirements. 

By using custom reports, your team can: 

  • Compare actual expenses to approved grant budgets 
  • Track spending by category or funding source 
  • Demonstrate compliance in audits or grant closeout reports 

Having this level of visibility not only simplifies compliance but also strengthens relationships with funders who value accountability and transparency. 

Strengthening Donor Relationships Through Reporting 

Donors and sponsors want to see the impact of their contributions. With QuickBooks’ customizable reporting tools, Not-For-Profits can generate clear, meaningful financial reports that highlight how donations are being used to advance the mission. 

Sharing timely, accurate reports builds trust and encourages continued support. It also equips your development team with data to demonstrate outcomes and apply for new grants more effectively. 

How De Boer, Baumann & Company Can Help 

At De Boer, Baumann & Company, we understand the unique financial needs of Not-For-Profit organizations. Our professionals help Not-For-Profits implement, optimize, and maintain QuickBooks systems tailored to their operations and compliance requirements. 

Whether you’re managing multiple grants, navigating complex reporting standards, or seeking more efficient processes, our team provides practical guidance and hands-on support. We’ll help you build a financial system that gives you confidence in your data, so you can focus on making an impact in your community. 

 

How to Prepare for a Not-For-Profit Financial Statement Review 

For Not-For-Profit organizations, financial transparency is more than a best practice, it’s a responsibility. Donors, board members, and grantors rely on accurate financial reporting to understand how resources are being used and to make informed decisions about future support. A financial statement review provides an added level of credibility and assurance without the full scope of an audit. Understanding what …

For Not-For-Profit organizations, financial transparency is more than a best practice, it’s a responsibility. Donors, board members, and grantors rely on accurate financial reporting to understand how resources are being used and to make informed decisions about future support. 

A financial statement review provides an added level of credibility and assurance without the full scope of an audit. Understanding what to expect and how to prepare can help your organization approach the review process efficiently and confidently. 

What Is a Financial Statement Review? 

A financial statement review is a type of assurance service in which a CPA evaluates your organization’s financial statements to determine whether they are free of material misstatements. Unlike an audit, a review does not involve testing internal controls or verifying transactions, but it does provide limited assurance that the financial statements are presented in accordance with generally accepted accounting principles (GAAP). 

A review is often required by lenders, grantors, or boards of directors for organizations that do not meet the thresholds for a full audit but still need an external evaluation of financial performance. 

Why a Review Matters 

While less extensive than an audit, a financial statement review still offers significant benefits to Not-For-Profit organizations. It helps: 

  • Increase credibility with funders and donors 
  • Identify inconsistencies or potential issues in financial reporting 
  • Strengthen internal accounting processes 
  • Provide valuable insights into your organization’s financial health 

A review can also serve as a stepping stone toward future audits as your organization grows and financial reporting requirements expand. 

How to Prepare for a Financial Statement Review 

Preparation is key to a smooth and successful review process. Here are several steps your Not-For-Profit can take to get ready: 

1. Organize Your Financial Records 

Ensure your accounting records are complete and accurate. This includes general ledgers, bank reconciliations, accounts payable and receivable schedules, and payroll documentation. Organized financial data allows your CPA to conduct the review efficiently and minimizes follow-up questions. 

2. Reconcile All Accounts 

Before the review begins, verify that all accounts, bank, investment, grant, and liability accounts, are reconciled through the end of the reporting period. Unreconciled accounts can cause delays and raise questions during the review. 

3. Review Revenue and Expense Classifications 

Make sure revenues and expenses are properly classified according to your chart of accounts. For Not-For-Profits, this includes distinguishing between restricted and unrestricted funds and separating program, management, and fundraising expenses. 

4. Prepare Supporting Documentation 

Your CPA will likely request supporting documents for significant transactions, grants, or contributions. Having invoices, contracts, and grant agreements readily available will help the process move quickly. 

5. Evaluate Internal Controls 

Even though a review does not include formal testing of internal controls, it’s a good opportunity to assess your systems for managing cash, approving expenses, and safeguarding assets. Addressing weaknesses ahead of time can strengthen your financial management and reduce future risk. 

6. Communicate with Your CPA 

Schedule a pre-review meeting to discuss timelines, expectations, and any major changes in your organization’s operations or funding sources. Clear communication helps ensure that the review focuses on what’s most important to your organization. 

What to Expect During the Review 

During a financial statement review, your CPA will perform analytical procedures, ask management questions, and review documentation to assess the accuracy of your financial statements. The goal is to confirm that your financials make sense based on your organization’s activities and records. 

At the end of the process, your organization will receive reviewed financial statements accompanied by an accountant’s review report, an official statement providing limited assurance that the financials conform to GAAP. 

Strengthening Financial Confidence 

Completing a financial statement review is more than a compliance exercise, it’s an opportunity to gain a clearer picture of your organization’s financial standing. The insights you receive can guide better decision-making, support future funding requests, and reinforce the trust of your board and community. 

Regular reviews also help Not-For-Profits build stronger accounting practices and prepare for potential audits down the road. 

How De Boer, Baumann & Company Can Help 

At De Boer, Baumann & Company, we understand the importance of reliable financial reporting in the Not-For-Profit sector. Our experienced professionals provide tailored review and assurance services designed to meet your organization’s specific needs. 

From preparing your records and guiding you through the review process to offering recommendations for stronger financial practices, our team is here to help you achieve clarity, confidence, and compliance. Let us help you focus on your mission, while we take care of the numbers. 

Navigating Payroll and Benefits Compliance in Not-For-Profits 

Managing payroll and employee benefits is an essential part of running any organization, but for Not-For-Profits, compliance can be particularly complex. Between balancing limited resources, managing multiple funding sources, and navigating specific labor laws, Not-For-Profit leaders often face unique challenges in ensuring payroll accuracy and regulatory compliance.  Understanding the rules and implementing sound systems helps protect your …

Managing payroll and employee benefits is an essential part of running any organization, but for Not-For-Profits, compliance can be particularly complex. Between balancing limited resources, managing multiple funding sources, and navigating specific labor laws, Not-For-Profit leaders often face unique challenges in ensuring payroll accuracy and regulatory compliance. 

Understanding the rules and implementing sound systems helps protect your organization, your employees, and your reputation, allowing you to stay focused on your mission. 

Why Payroll Compliance Matters 

Payroll errors and compliance issues can lead to significant financial penalties, reputational harm, and even loss of grant funding. Not-For-Profits must comply with the same payroll and employment laws as for-profit entities, while also adhering to additional reporting and documentation requirements tied to restricted funds and grants. 

Strong payroll and benefits management practices help your organization: 

  • Maintain compliance with federal and state labor laws 
  • Ensure proper use of grant and donor funds 
  • Improve employee satisfaction and retention 
  • Reduce administrative errors and audit risks 

When compliance is prioritized, your organization can operate with greater efficiency and confidence. 

Key Areas of Payroll Compliance for Not-For-Profits 

1. Proper Employee Classification 

Accurate employee classification is critical. Misclassifying employees as independent contractors or exempt vs. nonexempt can result in fines and back pay obligations. Review each position carefully to ensure it aligns with the Fair Labor Standards Act (FLSA) and state regulations. 

2. Accurate Wage and Hour Tracking 

Not-For-Profits must comply with federal and state minimum wage laws, overtime requirements, and recordkeeping standards. Implementing reliable time-tracking systems ensures that employees are paid correctly and that required records are properly maintained. 

3. Grant and Program Payroll Allocation 

If your Not-For-Profit receives grant funding, payroll costs may need to be allocated across multiple programs or funding sources. Maintain detailed records showing how employee time and compensation are divided to comply with grant reporting requirements and avoid disallowed costs. 

4. Tax Withholding and Reporting 

Even though Not-For-Profits may be tax-exempt, they are still required to withhold and remit payroll taxes for employees. Stay current with federal, state, and local tax filing deadlines, and ensure all forms, such as W-2s and 1099s, are issued accurately and on time. 

5. Benefits Administration and Compliance 

Offering benefits such as health insurance, retirement plans, and paid leave requires compliance with laws like the Affordable Care Act (ACA) and ERISA. Ensure your benefits programs are administered correctly, and review eligibility and contribution rules annually. 

Best Practices for Managing Payroll and Benefits 

To stay compliant and organized, Not-For-Profits should implement proactive payroll and benefits management strategies. 

Establish Clear Policies and Procedures 

Document payroll policies covering timekeeping, overtime, leave accrual, and expense reimbursements. Clearly communicate these policies to employees and ensure consistent application across all departments. 

Leverage Payroll Technology 

Using payroll software or outsourcing to a reputable payroll provider can simplify tax filings, automate reporting, and reduce human error. Many platforms integrate with accounting systems like QuickBooks, helping Not-For-Profits track payroll expenses by fund or program. 

Conduct Regular Reviews 

Perform periodic internal reviews of payroll processes, classifications, and benefits administration to ensure ongoing compliance. Regular reviews can help identify errors early and prepare your organization for external audits or reviews. 

Stay Informed About Changing Regulations 

Labor and tax laws evolve frequently. Designate a staff member or advisor to monitor updates from the Department of Labor, IRS, and state agencies. Partnering with professionals who specialize in Not-For-Profit compliance can help your organization stay ahead of changes. 

Building Confidence in Compliance 

Payroll and benefits compliance may not be the most visible part of your Not-For-Profit’s work, but it’s one of the most critical. Ensuring accuracy, transparency, and accountability in these areas supports your employees, protects your funding, and reinforces the trust your community places in your organization. 

By building strong systems and partnering with experienced advisors, your Not-For-Profit can manage compliance with confidence, allowing your team to focus on what matters most: making a difference. 

How De Boer, Baumann & Company Can Help 

At De Boer, Baumann & Company, our Client Accounting & Advisory Services (CAAS) team works closely with not-for-profit organizations to navigate complex payroll, benefits, and compliance requirements with confidence. We provide practical payroll consulting, internal control support, and ongoing accounting services designed to promote accuracy, consistency, and regulatory compliance.

Whether you’re implementing a new payroll system, managing multiple grants, or reviewing benefits administration, our CAAS professionals help strengthen your processes and reduce risk. With the right systems and support in place, your team can spend less time on compliance concerns and more time advancing your mission.

 

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IRS Announces 2026 Retirement Plan Limit Increases

The IRS has released the updated retirement plan limits for 2026. Several important contribution amounts will rise in the next year. The annual IRA contribution limit will increase to $7,500. For individuals age 50 and older, the IRA catch-up contribution will increase to $1,100. Employees who participate in 401(k), 403(b), governmental 457 plans, or …

The IRS has released the updated retirement plan limits for 2026. Several important contribution amounts will rise in the next year.

The annual IRA contribution limit will increase to $7,500. For individuals age 50 and older, the IRA catch-up contribution will increase to $1,100.

Employees who participate in 401(k), 403(b), governmental 457 plans, or the Thrift Savings Plan will see their annual contribution limit rise to $24,500. The standard catch-up limit for these plans, available to participants age 50 and older, will increase to $8,000.

For 2026, the enhanced catch-up contribution for employees ages 60 through 63 who participate in 401(k), 403(b), and similar employer-sponsored retirement plans will remain at $11,250. This special limit replaces the standard $8,000 catch-up amount for individuals within that four-year age band.

More information is available in IRS Notice 2025-67. If you need assistance understanding how these changes may affect your retirement planning, the DBC team is here to walk you through your options.

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Windows 10 Expires in 2025 — Here’s Why You Can’t Afford to Wait

On October 14, 2025, Microsoft will officially end support for Windows 10. For executives, IT managers, CFOs, and business owners, this isn’t just another software update — it’s a critical business decision point. Understanding why Windows 10 is being retired and what it means for your organization will help you stay secure, compliant, and …

On October 14, 2025, Microsoft will officially end support for Windows 10. For executives, IT managers, CFOs, and business owners, this isn’t just another software update — it’s a critical business decision point. Understanding why Windows 10 is being retired and what it means for your organization will help you stay secure, compliant, and competitive.

Why Is Microsoft Retiring Windows 10?

Microsoft’s decision reflects a long-term strategy to advance security, performance, and support models. Key drivers include:

  1. Stronger Security Standards
    Cybersecurity threats are evolving faster than ever. Windows 11 includes modern, hardware-based security features like TPM 2.0 and Secure Boot — protections that Windows 10 simply cannot deliver.
  2. Optimized Performance
    Windows 11 is engineered for today’s processors and architectures, delivering faster load times, longer battery life, and better multitasking.
  3. A Modern User Experience
    With features like Snap Layouts, improved virtual desktops, and a streamlined interface, Windows 11 is built for hybrid work environments.
  4. Streamlined Support
    By focusing on current platforms, Microsoft can deliver stronger, more consistent updates while reducing the complexity of supporting outdated systems.

 

Why Your Business Should Upgrade Now

Waiting until the deadline carries risks — both operational and financial. Here’s why upgrading to Windows 11 is a smart move today:

  • Security Protection: Prevent exposure to unpatched vulnerabilities once Windows 10 support ends.
  • Compliance Assurance: Stay aligned with industry and regulatory requirements (especially in finance, healthcare, and legal).
  • Productivity Gains: Leverage Snap Layouts, virtual desktops, and AI-powered tools like Windows Copilot to streamline work.
  • Cloud & Hybrid Integration: Seamlessly connect with Microsoft 365, Azure, and other cloud tools.
  • Future-Proofing: Ensure compatibility with next-gen hardware and software.
  • Cost Savings: Avoid last-minute upgrade costs, emergency IT work, or expensive extended support agreements.

 

How DB&C NetWerks Can Help

Not sure if your systems are ready for Windows 11? That’s where we come in.

Our team provides hands-on support to help you plan a seamless transition, including:

  • On-site assessments of your current hardware fleet
  • Compatibility reports and tailored recommendations
  • Cost analysis: upgrade vs. replacement
  • End-to-end migration planning and execution

Whether you need to upgrade existing machines or replace outdated systems, we’ll guide you to the smartest, most cost-effective solution for your business.

The Bottom Line

The shift to Windows 11 is more than just a technical upgrade — it’s a strategic investment in your company’s security, agility, and long-term success. Don’t wait until it’s too late. The time to plan is now.

If you are unsure how this may affect your business, contact Paul Gust at DB&C NetWerks for guidance.

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Choosing the Right Financial Expertise for Your Business: Bookkeeper vs. Accountant vs. Controller vs. CFO

Empowering Businesses to ThriveAt De Boer, Baumann & Company, our mission has remained constant since 1934: to empower our clients and our community for success. Over the decades, we’ve walked alongside West Michigan businesses through every stage of growth, providing trusted accounting services rooted in Relationships, Experience, Communication, Integrity, Passion, and Excellence — our …

Empowering Businesses to Thrive

At De Boer, Baumann & Company, our mission has remained constant since 1934: to empower our clients and our community for success. Over the decades, we’ve walked alongside West Michigan businesses through every stage of growth, providing trusted accounting services rooted in Relationships, Experience, Communication, Integrity, Passion, and Excellence — our RECIPE.

As your business evolves, so do your financial needs. Knowing which level of financial expertise is right for your stage of growth can be the difference between simply keeping up — and confidently moving forward. Our Client Accounting and Advisory Services (CAAS) are designed to meet you where you are and scale with you as you grow.

Bookkeeper: Building a Solid Foundation

Focus: Daily financial transactions and recordkeeping
 Best for: Small businesses needing basic financial management

Bookkeepers manage the nuts and bolts of your business’ finances.

Responsibilities may include:

  • Recording income and expenses
  • Managing accounts payable and receivable
  • Reconciling bank statements
  • Processing payroll
  • Maintaining accurate financial records

Signs You’re Ready for This Role:
 If you’re launching or running a small business, a bookkeeper can keep your financial data organized and accurate. This ensures bills get paid and payroll runs smoothly. Bookkeepers are ideal when you need strong transactional support.

Accountant: Turning Records into Reports

Focus: Financial compliance and reporting
 Best for: Companies needing reliable monthly closes and accurate statements

Accountants build on the foundation provided by bookkeepers.

Accountants can assist with:

  • Overseeing bookkeeping activity
  • Reconciling balance sheet accounts and accrual adjustments invoices
  • Performing month-end and year-end closes
  • Preparing financial statements and management reports

Signs You’re Ready for This Role:
 As your operations grow and financial complexity increases, an accountant ensures your records meet required standards. They can prepare timely and reliable financial statements and provide insight into your financial health. This role is essential when you need accurate reporting to make informed operational decisions.

Controller: Driving Accuracy and Insights

Focus: Financial oversight and internal controls
 Best for: Companies that have clean books but need deeper financial insights

Controllers act as the quarterback of the accounting function.

Controller services may include:

  • Supervising bookkeepers and accountants
  • Managing financial reporting and compliance
  • Developing internal controls to reduce risk
  • Providing budgeting support and financial analysis

Signs You’re Ready for This Role:
 If your books are clean but you’re missing timely reports, accurate budgeting, or risk controls, a controller bridges that gap. They implement financial processes, strengthen internal controls, and provide data-driven analysis. This is ideal when you want more robust reporting and operational efficiency without the cost of a CFO.

CFO: Steering Strategic Growth

Focus: Long-term financial planning and strategy
 Best for: Companies ready to scale, raise capital, or optimize performance

Chief Financial Officers look beyond the numbers to shape your business’s future. They:

  • Develop and execute financial strategies
  • Provide forecasting and risk analysis
  • Guide funding and capital structure decisions
  • Interpret management reports for strategic planning

Signs You’re Ready for This Role:
 When you’re preparing to expand, raise capital, or plan long-term strategy, a CFO provides the vision and modeling you need. They guide funding, oversee risk, and align financial strategy with business goals. This role is critical when you need big-picture financial leadership to drive growth and profitability.

Which One Is Right for Your Business?

Role

Focus

Key Responsibilities

Best For Businesses That…

Bookkeeper

Daily financial transactions

Record keeping, payroll, reconciliations, paying bills, maintaining ledgers

Need basic financial management and accurate day-to-day records

Accountant

Financial compliance & reporting

Overseeing bookkeeping, preparing statements, reconciling accounts, month-end close

Need reliable financial reports and compliance with accounting standards

Controller

Financial oversight & analysis

Managing reporting, developing internal controls, budgeting, forecasting, providing insights

Have clean books but need better financial reporting and deeper insights

CFO

Strategic financial planning

Long-term strategy, forecasting, risk management, capital structure, high-level decision-making

Are ready to scale, raise capital, or optimize performance

Partnering for Your Growth

There’s no one-size-fits-all approach to building a strong financial function — and you don’t have to figure it out alone.

At DBC, we recognize that every business is on its own journey. That’s why our Client Accounting and Advisory Services (CAAS) are designed to meet you where you are and scale with you as you grow. Whether you’re focused on staying compliant, improving financial visibility, or planning for expansion, we’ll help you build a financial structure that supports both today’s operations and tomorrow’s ambitions.

Meet DBC’s Newest Hires: Becca, Michelle, and Wyatt

We’re thrilled to introduce three talented professionals who joined our team in the second half of 2024! Each of these new hires brings unique skills and a wealth of experience, enriching our team and furthering our commitment to excellence. Get to know Becca VonIns, Michelle Shanty, and Wyatt VonIns — three dedicated individuals whose …

We’re thrilled to introduce three talented professionals who joined our team in the second half of 2024! Each of these new hires brings unique skills and a wealth of experience, enriching our team and furthering our commitment to excellence. Get to know Becca VonIns, Michelle Shanty, and Wyatt VonIns — three dedicated individuals whose passion for their fields and their families brings warmth and expertise to DBC.

Becca VonIns, Manager

In August, DBC proudly welcomed Becca VonIns as a Manager. With a decade of experience and degrees in Business Administration and Accounting from Michigan State University and Grand Valley State University, Becca honed her expertise at a large public accounting firm before joining us. Known for her client-centered approach, Becca thrives on client interactions, especially during busy seasons when words of appreciation fuel her motivation.

Becca’s personal life is filled with family time and adventure. She and her husband, Wyatt, are high school sweethearts with two young sons, Henry and Jack. Living in Michigan, Becca enjoys the state’s unique seasonal beauty and the chance to “vacation” without leaving home.

Michelle Shanty, Human Resources Manager

Michelle Shanty joined DBC as Human Resources Manager in fall 2024. Bringing seven years of HR experience and a background in customer service, Michelle has a comprehensive educational background, including a Bachelor’s in English from Grand Valley State University, a Graduate Certificate in HR, an MBA from Davenport University, and a SHRM-CP certification. Known for her inclusive leadership and commitment to team growth, Michelle ensures DBC is a place where both clients and employees feel valued.

Michelle’s family life is full and vibrant. She and her husband, Brent, have two children, Beckett and Iris, and they share a home with Michelle’s best friend, Kara, and her daughter, Winry. This extended family also includes a dog and four cats, making for a lively household. An avid volunteer, Michelle enjoys supporting her children’s school PTO, especially decorating the monthly birthday board—a creative project that includes hiding a tiny gnome for the kids to find.

Wyatt VonIns, IT Support Specialist

In October 2024, Wyatt joined DBC’s Holland office as an IT Support Specialist! A skilled professional with training in computer hardware and Windows from Careerline Tech Center and PC Pro Schools, Wyatt’s technical expertise extends beyond IT—he also has a background in automotive technology. Wyatt appreciates Michigan’s natural beauty and enjoys the slower pace of life that the region’s landscape offers.

Wyatt’s family recently moved back to Holland from Grand Rapids, and he enjoys spending time with his wife, Becca, and their sons, Henry and Jack. In his downtime, Wyatt indulges his passion for the fictional world of Azeroth, immersing himself in Warcraft lore. He’s also skilled at refurbishing vintage electronics—fun fact: his stereo setup is even older than he is!

The addition of Becca, Michelle, and Wyatt signals a bright future, with each bringing dedication, creativity, and a strong work ethic to the team. We look forward to the positive impact they’ll make within our firm and the communities we serve. Please join us in welcoming them to the DBC team!

Farm Tax Deductions and Planning Strategies for 2024

As the harvest season winds down and you plan for the coming year, optimizing your tax strategies should be a key focus. By leveraging specific farm tax deductions, you can significantly reduce your taxable income and preserve working capital.

Key Considerations for Effective Tax Planning

Business Classification: Ensure your farm qualifies as a business for tax …

Digital Acreage Reporting is Here

USDA Modernizes Acreage Reporting with Electronic Submissions

Nebraska farmer Quentin Connealy has ditched traditional paper maps and crayons for a more efficient digital system to file his mandatory acreage reports for crop insurance and the Farm Services Agency (FSA). This shift to electronic submissions not only saves time but also reduces costs and improves accuracy.

Embracing …

Exciting News for Michigan Blueberry Growers: Enhanced Crop Insurance Options Announced

Great news for Michigan blueberry farmers! The U.S. Department of Agriculture (USDA) has unveiled improved crop insurance options, set to provide substantial benefits to blueberry growers in the state.

Currently, Michigan is one of the largest blueberry producers in the U.S., supplying millions of pounds each year. However, the existing one-size-fits-all insurance model has not …

About us

De Boer, Baumann & Company provides professional accounting, tax, and business advisory services to individuals and businesses in West Michigan and the surrounding areas. With expertise in a variety of industries, DBC specializes in comprehensive and innovative solutions to help clients achieve their financial goals.