Upcoming Nebraska Sales and Use Tax Changes
The Nebraska Department of Revenue has published important information regarding changes in local sales and use tax rates that will come into effect on January 1, 2025, and April 1, 2025. These changes are significant for businesses and individuals operating in the...
Understanding Compliance Testing for Retirement Plans
As a business owner or plan sponsor, ensuring that your company’s retirement plan is compliant with IRS regulations is critical to maintaining its tax-advantaged status. Compliance testing plays an essential role in meeting these requirements, and it applies to...
Post-Election Estate & Gift Tax Update
Post-Election Estate & Gift Tax Update Proactive Planning Remains Key After much uncertainty leading up to the election, we now know that Republicans will control both the Presidency and Congress starting in early 2025. While uncertainty remains for what will...
HBE LLP Recognized for Equity Leadership for Tenth Year in a Row
HBE LLP is proud to announce that for the tenth consecutive year, we have been recognized as one of the Accounting MOVE Project’s 2024 Best Firms for Equity Leadership. With women holding 46% of leadership roles, HBE joins just 17 firms nationwide receiving this...
A Farmer’s Guide to Year-End Planning for 2024
As the end of the year quickly approaches, it is important for farmers to start thinking about year-end tax planning. There are many tax-saving aspects to consider that could help reduce tax liabilities for this year and future years. Farmers may have large deferrals...
Act Now on Beneficial Ownership Information Reporting Requirements
On Tuesday, October 15, we hosted a complimentary 10 Minute Tuesday webinar to help business/LLC owners understand some of the key items surrounding BOI reporting, including where to seek help in the preparation of these reports. If you were unable to attend, we...
Key Considerations for Non-Profits When Selecting a New Accounting System
For non-profits, choosing the right accounting system can be even more complex than for a traditional business. Non-profit organizations have unique needs, including managing donations, grants, and ensuring compliance with strict reporting requirements. What is an...
The Importance of an Oversight Committee for Employer-Sponsored Retirement Plans
Written by, Morganne E. CraigSenior Accountant, HBE LLP Employer-sponsored retirement plans, such as 401(k) and pension plans, are fundamental to the financial security of millions of employees. These plans are often one of the primary ways that individuals save for...
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,...