What Is Nexus? How does it affect your business?
by Kendra Schlautman When your business operates in several states, collecting and paying payroll, sales, and income taxes in those other states can become very complex. Depending on a state’s nexus laws, your business may need to collect and pay applicable taxes to...
Biggest Change to Nonprofit Financial Reporting in 20 Years Has Arrived
By Lee Klump The Financial Accounting Standards Board (FASB) has just released the Accounting Standards Update (ASU), Not-for-Profit Entities (Topic 958) and Health Care Entities (Topic 954) – Presentation of Financial Statements of Not-for-Profit Entities, which you...
Meet Our 2016 Interns!
This year, HBE welcomed five college students to our firm for a comprehensive, paid internship program. These individuals have been working alongside our professional staff to gain real-world experiences in tax, audit, and business advisory and related services. To...
HBE Named to 2016 List of Best Firms for Leadership Equity
LINCOLN, NE (July 5, 2016) – HBE Becker Meyer Love 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...
How Does the IRS Determine Employee or Independent Contractor Status?
By Kendra Schlautman Knowing how to classify a worker as an employee or as an independent contractor is a question that we receive from many business owners. While we like to serve our clients by providing clear and succinct advice, there is unfortunately no one...
The Language of an Auditor
By Mikaela Davis, CPA Do you ever feel like your auditors are speaking Greek? If you’re part of an organization or company that has an annual audit it may seem like the team of professionals conducting the audit are speaking a foreign language, using words and phrases...
KEY ESTATE PLANNING DOCUMENTS YOU NEED
Regardless of your age, health, or wealth, there are five estate planning documents you may need in order to protect you, your family, and your assets. These documents are: Durable power of attorney Advanced medical directives Will Letter of instruction Living trust...
Ensuring Business Continuity
YOU MAY THINK THAT THE COMPANY YOU CREATED WILL LAST FOREVER, ESPECIALLY IF IT’S A FAMILY BUSINESS WITH SIBLINGS OR CHILDREN INVOLVED IN ITS OPERATION. BUT STATISTICS SAY OTHERWISE. According to the Family Business Institute, less than one-third of family businesses...
Effective Not-for-Profit Board Governance: Ten Responsibilities of the Board
By Laurie De Armond The board of directors of a not-for-profit organization plays a very important role in the ongoing strength and stability of an organization. Ineffective board governance can often lead to an organization’s downfall. It is critical that every...
MANAGING AND PREVENTING TAX-RELATED IDENTITY THEFT
SUMMARY Tax-related identity theft is rapidly increasing. Indeed, in February 2016, IRS identified at the top of its 2016 “dirty dozen” list of tax scams “identity theft,” “phone scams,” and “phishing” and reminds taxpayers of the need to guard against such scams and...