New Guidance for Research Tax Credit Payroll Offset Creates Opportunity for Small Businesses
Summary Under the Protecting Americans from Tax Hikes (“PATH”) Act of 2015, eligible small businesses may elect to utilize up to $250,000 of the Research Tax Credits (“RTCs”) they generate under Internal Revenue Code section 41 and after 2015 against their portion of...
What You Need to Know About the WannaCry Ransomware Program
Just days after President Trump signed a much-anticipated executive order on cybersecurity, a massive cyberattack—potentially the largest the world has ever seen, with more than 75,000 ransomware attacks in 153 countries—stole headlines. The “WannaCry” ransomware...
The Employee Benefit Plan Sponsor’s Fiduciary Role
When discussing the role of the plan sponsor as the fiduciary to a plan, it is important to note that the role of fiduciary extends to specific individuals within the plan sponsor organization. Identifying those individuals depends on job functions performed on behalf...
FBLA Shaped McCain’s Career
Cody McCain, 2nd year tax intern, has been a member of Future Business Leaders of America (FBLA) since his freshman year at Tri-County High School. In FBLA, Cody has served in many leadership positions, performed numerous community service jobs, attended conferences,...
Important Change to Personal Property Tax Returns for Nebraska Nonprofit Organizations
Krystal Siebrandt, CPA, CFE, CGMA Nonprofit organizations that have qualified for a personal property tax exemption* no longer need to list assets purchased during the year on their personal property tax return. Rather, they must only report new taxable leases....
2017 Health Care Reform Update
The long-awaited Republican health care plan to repeal and replace Obamacare, titled the “American Health Care Act” (AHCA), was released by the GOP on March 6. The bill—which includes the addition of income-based phaseouts for the new health care coverage credit,...
Is Your Company Eligible for R&D Tax Credits?
Often equaling approximately 10 percent or more of qualified spending, Research & Development (R&D) tax incentives encourage companies to invest more in the development of new or improved products and processes. These dollar-for-dollar offsets against regular...
HBE Proudly Recognizes Kristi Schultz as a Champion!
The HBE Becker Meyer Love LLP Champion Award Program is an internal peer recognition program designed to distinguish and reward HBE team members who demonstrate Champion qualities and exemplary performance in a specific area. Champion Awards are awarded to HBE...
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...
What the New Tax Law Means for Agriculture
On December 22, 2017, President Trump signed the Tax Cuts and Jobs Act, resulting in widespread changes to the Internal Revenue Code effective January 1, 2018. Several of these changes specifically affect farmers, and are important items to consider when planning for...