Is it Time to Reconsider the Decision to Buy or Lease Equipment?
Is it Time to Reconsider the Decision to Buy or Lease Equipment? By Michael Jacobson Given the historically low interest rate environment in which we find ourselves, most business owners in capital intensive industries will be impelled to explore their options when...
Retirement Planning: How the SECURE Act Impacts Farmers
Retirement Planning: How the SECURE Act Impacts Farmers On December 20, 2019, President Trump signed into law the Setting Every Community Up for Retirement Enhancement (SECURE) Act. The SECURE Act contains several provisions that will affect a farmer's retirement...
Attention Business Owners: New Salary Thresholds Begin Jan. 1, 2020
Attention Business Owners: New Salary Thresholds Begin Jan. 1, 2020 For over 15 years, in order for employees to be paid on a salary basis they must have made at least $23,660 annualized ($455 per week). Under a new overtime rule issued by Department of Labor...
New Lease Accounting Standards: Are You Prepared?
New Lease Accounting Standards: Are you Prepared? By Landen Thieman FASB issued updates on the accounting standards for leases as part of ASU No. 2016-02, Leases Topic ASC 842 in February 2016, which brings significant changes to the way businesses and non-profits...
2019 Year End Form 1099 Reporting Guidelines
By Shannon DohmenManager, HBE 360Form 1099 is typically filed to report annual payment of more than $600 to some person or entity, especially if the payment is expected to be reported as an expense. The form is issued to put the payee on notice that they need to...
Nebraska State Employees Have Options With NPERS Cash Balance Plan at Retirement
By Zach Lundak, CFP®, Wealth AdvisorIf you are a employed by the State of Nebraska, there are a few decisions you must make regarding your state-offered cash balance plan upon retirement. The State of Nebraska’s cash balance plan was established in 2002. Involvement...
2019 ACA Reporting Information
HBE LLP will be offering Affordable Care Act (ACA) reporting services for the 2019 reporting year. Forms 1095 and 1094 are required to be filed by employers with the IRS. Any applicable large employers (over 50 full-time equivalent employees) and all self-insured...
Take Note! Revisions to Form W-4 Coming Soon
Due to recent tax law changes, the 2020 Form W-4, Employee’s Withholding Certificate, has been substantially revised. Although current employees are not required to complete the updated version, anyone who is hired or makes changes to their existing W-4 in 2020 will...
Why Contractors Fail
Why Contractors Fail By Scott Scheef, CPA, CVA, Manager In the last decade, the construction industry has experienced substantial growth, riding the wave of increased demand and low interest rates. As we look forward, how can contractors best position themselves for...
Use Data Analytics to Unlock New Opportunities in Productivity & Profitability
Use Data Analytics to Unlock New Opportunities in Productivity & Profitability Written by Mike Kottwitz, CPA, CVA What comes to mind when you hear the term “data analytics?” For many, data analytics is just a buzz-word commonly thrown around by various...