Succession Planning Survey
**ATTENTION BUSINESS OWNERS** Our Marketing Intern, Emily, is working on an important project for a marketing research class at UNL and needs your help! Please give her a hand by completing this short survey about succession planning. Your responses are greatly...
Benchmarking – How does your Organization Stack Up?
With over 1.5 million nonprofits registered in the United States is can be difficult to compare the metrics or your organization with other nonprofits. Fortunately the BDO Institute for Nonprofit Excellence in partnership with The Nonprofit Times has...
Business Succession and Transition
By: Scott Becker Our clients know that we provide traditional tax and accounting services for our clients. While we enjoy helping our clients navigate the increasing complex compliance issues that businesses face, we truly make a difference for our clients when it...
Modification of Rules Governing Hardship Distribution
By: Niki Stehlik, CPA With all the updates to the tax law, you may not realize that there are a few miscellaneous provisions that could affect your employee benefit plan. These new provisions modify the rules governing hardship distributions from cash or deferred...
Tackling Tax Reform: 5 Steps Manufacturers Can Take Now
On December 22, just a few weeks following the passage of the Senate’s Tax Cuts and Jobs Act, the conference version of the bill was signed into law, marking the largest change to U.S. tax policy in decades. With most of the provisions set to go into effect in the new...
Changes to Business Credits in New Tax Law
The Tax Cuts and Jobs Act makes changes to the general business credit by adding a new component credit for paid family and medical leave, and changing two current component credits: the rehabilitation credit and the orphan drug credit. First, the Tax Cuts and Jobs...
It’s Time to File Your Form 1099!
It is time to gather your papers to file your form 1099! If your business has made payments of over $600 to any vendor throughout the year, now is the perfect time to begin collecting and assembling the information needed to file your annual 1099 forms. What is a Form...
Tax Cuts and Jobs Act of 2017
Tax reform has been a major focus of the Trump Administration. In a determined effort from Republicans to pass new tax legislation before year-end, the Senate and the House reconciled their respective tax bill drafts into one bill. The bill, called the “Tax Cuts and...
IRS Issues 2018 Work Plan for Tax-Exempt Organizations
by Laura Kalick, JD, LLM in Taxation The Tax Exempt and Government Entities (TE/GE) division of the IRS recently issued its FY 2018 Work Plan, which builds upon the agency’s ongoing mission to refine, realign and improve its education and examination methods. In 2017,...
Senate Passes Tax Reform Bill
An enormous step in the tax reform process was taken over the weekend when the Senate passed their version of the Tax Reform Bill in the wee morning hours of Saturday, December 2, 2017. The bill passed by the slimmest of margins: a 51-49 vote with only one Republican...