Software and System Backup and Restoration Options
by Zachary Fowler It is not a secret that data backup is an essential part of any business. Many organizations have implemented policies related to their data backup and storage processes as part of their IT infrastructure. Even if an organization does not have a...
Not-for-Profit Accounting Standards: What You Should Be Doing to Prepare
The required implementation of Accounting Standards Update (ASU) 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities is nearing. The ASU becomes effective for entities’ fiscal years beginning after December 15,...
Substantiation of Hardship Distributions
Contributed by Mary Espinosa The IRS recently issued two memorandums to its employee plan examiners indicating it is permissible for 401(k) and 403(b) plan sponsors and their service providers to rely on participants’ written summaries describing their financial...
Employee Benefit Plan Newsletter
For over 10 years, HBE has been a member of BDO Alliance USA, a nationwide association of independently owned local and regional accounting and consulting firms. The Alliance allows the firm to draw on BDO, LLP’s resources and technical services in specialty areas...
The Role and Responsibility of Board Members
by Alex Drvol, HBE Accountant In a 2014 TEDx Talk entitled Modern Nonprofit Board Governance: Passion Is Not Enough!, Chris Grundner, the president and CEO of the Delaware Alliance for Nonprofit Advancement and ex-Senior Vice President of JP Morgan Chase’s credit card...
Revenue Recognition Standard Update
INTRODUCTION In 2014, the Financial Accounting Standards Board (“FASB”) and International Accounting Standards Board (“IASB”) issued comprehensive revenue recognition standards entitled “Revenue from Contracts with Customers”. It takes effect in 2018 for public...
Tax Savings Opportunities for Manufacturing
by Carter Johnson In the manufacturing sector, there are many ways to achieve success. Most businesses in this sector attempt to achieve their objectives through the means of creation, production, and fostering growth. For these companies, difficult decisions are...
HBE Named to List of Best Firms for Leadership Equity for Third Year
HBE LLP, one of Nebraska’s leading providers of professional accounting, consulting, and financial management services, is pleased to announce that they have been added to the Accounting MOVE Project’s Best Firms for Leadership Equity List for the third year in a row....
A Guide to Sales Tax Options for Contractors in Nebraska
by Carter Johnson While most retail customers view sales tax as simply an additional charge paid at the counter for purchases at their favorite store, sales tax to business owners are viewed entirely different. The collection and remittance of tax is something most...
Adriana Carvajal-Rodriguez Appointed to Nebraska Latino American Commission Board of Commissioners
Adriana Carvajal-Rodriguez has been appointed by Governor Pete Ricketts to serve on the Latino American Commission’s Board of Commissioners. Carvajal-Rodriguez replaces Commissioner Jack Gutierrez who served as Commissioner since his appointment in 2013. She is a...