Manufacturing Sector Updates
Written byThomas BenningoffAccountant, HBE LLP From 2018 to 2023 the manufacturing sector has taken some hits and one of the main reasons for this was COVID. Revenue was down a small percentage through these years as well as the number of employees and their wages. ...
Nebraska Beginning Farmer Tax Credits
In 1999, the Nebraska Legislature passed the Beginning Farmer Tax Credit Act. This Act allows asset owners to receive Nebraska state income tax credits in exchange for entering into a three-year rental agreement with beginning farmers. Rental assets include livestock,...
Choosing the Right Assurance Service for Your Business
Written byAsmir A. CavalicAccountant, HBE LLPMany entities are entering a point in their business life where they will require an audit, review, compilation, or even Agreed Upon Procedures (AUP). With four options to choose from, which service is right for you? This...
Federal Grant Compliance: Key Resources and Best Practices for Navigating Audit Requirements
Written by,Lucas J. Post, CPASenior Accountant, HBE LLPJoin us for an enlightening nonprofit education webinar focusing on the intricacies of applying for and managing grants. This webinar will bring to light what granters are looking for in their applicants and shed...
Announcing the Retirement of John Smolsky
Bidding a Fond Farewell to a Remarkable Role Model & Leader As HBE celebrates our 50th anniversary in 2024, it comes with deep gratitude for the sacrifice, vision, and foresight of the leaders who have helped shaped the foundation of who we are today—a trusted...
Are You Maximizing Your Contributions to Your Employer Sponsored Retirement Account?
Written byTanner A. Weir, CPA Senior Accountant, HBE LLPWe all know that we should contribute toward an employer-sponsored retirement account, but are you maximizing your contributions? Let’s layout some facts: 401(k) plans have an annual maximum permitted by the...
Understanding Nebraska’s Recent Tax Rate Adjustments
The Nebraska Department of Revenue has published important information regarding changes in local sales and use tax rates that will come into effect on July 1, 2024, and October 1, 2024. These changes are significant for businesses and individuals operating in the...
Boosting Business: Nebraska’s Manufacturing Tax Incentives Overview
One often overlooked aspect of a business is its location and the governing tax jurisdiction. With many states offering tax incentives, it’s important for a business to choose a location that maximizes its human workforce, capital expansion, and state tax benefits....
Benefits of Paying Family Members a Wage
Written by,Morgan E. KonenSenior Accountant, HBE LLPAs many farmers know, employing family members to work on the farm is essential for success. What many may not know are the potential tax benefits for both the business and the family members who are employed. Paying...
Common Business Valuation Strategies and their Applications
In a recent article, we covered a few common reasons a business owner might need a company valuation. Building upon that foundation, this article will focus on how to apply three general business valuation strategies: the Market Approach, Asset Approach, and Income Approach.