Announcing the Retirement of John Smolsky
Bidding a Fond Farewell to a Remarkable Role Model & Leader As HBE celebrates our 50th anniversary in 2024, it comes with deep gratitude for the sacrifice, vision, and foresight of the leaders who have helped shaped the foundation of who we are today—a trusted...
Are You Maximizing Your Contributions to Your Employer Sponsored Retirement Account?
Written byTanner A. Weir, CPA Senior Accountant, HBE LLPWe all know that we should contribute toward an employer-sponsored retirement account, but are you maximizing your contributions? Let’s layout some facts: 401(k) plans have an annual maximum permitted by the...
Understanding Nebraska’s Recent Tax Rate Adjustments
The Nebraska Department of Revenue has published important information regarding changes in local sales and use tax rates that will come into effect on July 1, 2024, and October 1, 2024. These changes are significant for businesses and individuals operating in the...
Boosting Business: Nebraska’s Manufacturing Tax Incentives Overview
One often overlooked aspect of a business is its location and the governing tax jurisdiction. With many states offering tax incentives, it’s important for a business to choose a location that maximizes its human workforce, capital expansion, and state tax benefits....
Benefits of Paying Family Members a Wage
Written by,Morgan E. KonenSenior Accountant, HBE LLPAs many farmers know, employing family members to work on the farm is essential for success. What many may not know are the potential tax benefits for both the business and the family members who are employed. Paying...
Common Business Valuation Strategies and their Applications
In a recent article, we covered a few common reasons a business owner might need a company valuation. Building upon that foundation, this article will focus on how to apply three general business valuation strategies: the Market Approach, Asset Approach, and Income Approach.
Recruiting New Nonprofit Board Members? HBE Can Help!
HBE’s breadth of experience in serving nonprofit clients has allowed many of our staff members to develop an in-depth understanding of what it takes to run a successful mission-oriented organization, making many of them excellent candidates for active board and/or committee participation.
Understanding SECURE 2.0: Key Provisions and Timelines for Retirement Plans
Written by, Emily E. Arrigo, CPAAssurance ManagerOn December 29, 2022, the President signed SECURE 2.0 as a part of the year-end appropriations bill. The act was created to increase retirement savings, improve retirement rules and lower employer costs of setting up a...
Treasury, IRS Release Proposed Regulations on Advanced Manufacturing Production Credit
The Department of the Treasury and the IRS on December 14 issued proposed regulations to implement the advanced manufacturing production credit introduced by the Inflation Reduction Act under Internal Revenue Code Section 45X. Section 45 X provides eligible taxpayers...
Retirement Planning Options for Farmers
Written by,Brandie Schmitt-Maschman Senior Accountant| HBE LLP In agriculture, it’s crucial to consider long-term retirement planning alongside day-to-day operations. Fortunately, farmers have several retirement options available to prepare for the future, such as...