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...
Saver’s Credit: A Valuable Tool for Boosting Low-income Employees’ Retirement Plan Participation
SAVER’S CREDIT: A VALUABLE TOOL FOR BOOSTING LOW-INCOME EMPLOYEES’ RETIREMENT PLAN PARTICIPATIONBy Ellyn Bess and Beth Garner Plan sponsors often struggle to get lower-paid employees to participate in the company 401(k) plan. For years, a little-known law has been in...
FASB Votes to Delay Effective Dates for 3 Major Standards
Recently, FASB unanimously voted to delay the effective dates for standards on accounting for leases, credit losses (known as CECL), and hedging for private companies and certain other entities. An Accounting Standard Update (ASU) to formally change the effective...
Nebraska DOL Update: Change in Taxable Wage Base for Category 20 Rated Employers
In 2019, the Nebraska legislature enacted LB 428 which added language to the Nebraska Employment Security Law. The major change for businesses in the tax year beginning January 1, 2020, is an increase in the Nebraska Unemployment Tax (UI Tax) taxable wage base for...
Celebrating the One Year Anniversary of a Successful Merger!
Ribbon Cutting Held to Celebrate Anniversary of Fuhrman, Smolsky, and Furey, P.C.’s Merger with HBE LLP On Monday, September 30, the professional accounting firm formerly known as Fuhrman, Smolsky, and Furey, P.C. (FS&F) celebrated the one year anniversary of...
A Roadmap for Preventing Construction Disputes
Whether resolved through mediation, arbitration or trial, construction disputes can be costly and time consuming for both project owners and contractors. Construction disputes may involve just a few thousand dollars or may be valued in the billions. The time required...
Using Big Data on a Small Budget to Improve Real-Time Decision-Making
For years, companies looked to data tracked by their finance and accounting departments primarily as a way to understand past performance. But quantum leaps in computing power and other technology have made it possible for organizations to move far beyond historical...