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
Nebraska State Employees Have Options with NPERS Cash Balance Plan at Retirement If 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...
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...