USDA Announces CFAP 2
USDA Announces CFAP 2 September 21, 2020 On September 18, 2020, the United States Department of Agriculture (USDA) announced details for the Coronavirus Food Assistance Program 2 (CFAP 2). The program's purpose is to provide $14 billion in direct payment support to...
Farmer Tax Benefits from Grain Gifting
Farmer Tax Benefits from Grain Gifting By Cody McCain In the current tax environment, receiving a tax deduction via charitable giving is more difficult than in past years. Beginning in 2018 with the Tax Cuts and Jobs Act, the standard deduction available to taxpayers...
IRS Provides Employer Guidance on Payroll Tax Deferral
IRS Provides Employer Guidance on Payroll Tax Deferral Many Questions Remain Unanswered August 31, 2020 On Friday, August 28, the IRS issued much-anticipated guidance on the payroll tax deferral that was ordered in a presidential memorandum by President Trump on...
3 Ways to Use Data Analytics to Elevate HR Functions
3 Ways to Use Data Analytics to Elevate HR Functions The driving force behind all businesses and organizations are the people within. When building a successful business, the employees you bring into your mission is perhaps the most important decision you will make....
What We Know: Presidential Order to Defer Payroll Tax
What We Know: Presidential Order to Defer Payroll Tax August 19, 2020 On August 8, President Trump issued a memorandum to the Secretary of Treasury entitled “Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster.” The payroll tax deferral in this...
Recovering and Rebuilding from COVID-19
Recovering & Rebuilding from COVID-19 HBE has been called to work and think outside the box alongside our clients in the past few months as we have all been navigating the impacts from the coranavirus pandemic. Through our own experience, and by working closely...
Still Haven’t Received Your Stimulus Check? Here’s What to Do.
Still Haven’t Received Your Stimulus Check? Here’s What to Do. July 14, 2020 If you are entitled to a stimulus check but have not received your funds yet, you’re not alone. It is estimated that about 35 million economic impact payments have been issued yet. As of...
Do COVID Funds Bring Single Audit Requirements?
By Kiley Wiechman, CPA, Partner Do COVID Funds Bring Single Audit Requirements? Many nonprofits have received additional funding related to COVID relief or new funding that had not been received in the past. Any time federal funding is received, it may bring with it...
Nebraska Nonprofit Relief Funding Provided by Community CARES Program
Nebraska Nonprofit Relief Funding Provided by Community CARES Program June 29, 2020 Governor Pete Ricketts and the Nebraska Department of Health and Human Services (DHHS) have announced the Community CARES grant program to help Nebraska's charitable organizations and...
PPP Loan Forgiveness Clarification for 60% Payroll Cost Requirement
PPP Loan Forgiveness Clarification for 60% Payroll Cost Requirement June 16, 2020 The U.S. Small Business Administration (SBA) and Treasury have provided additional clarification regarding partial PPP loan forgiveness related to the PPP Flexibility Act. As we...