In business, the importance of forming quality contracts cannot be underestimated. A well-written contract can protect all parties involved, whereas a poor contract can lead to disaster. Contracts are entered into often, whether they are oral or written. In fact,...

  By Mikaela Davis, CPA The Office of Management and Budget (OMB) issued 2 CFR Part 200 on December 26, 2013, which will bring changes to the information federal grant recipients and their auditors use to navigate federal grant programs.  To understand the impact...

Over the past several years, Congress has flip-flopped on legislation that allows individuals age 70 ½ to receive a tax break for charitable contributions from individual retirement accounts. The provision, known as the qualified charitable distribution (QCD) rule,...

By Nidhi Rao and Laurie De Armond Fraud is a damaging and disturbing event in any organization, but its impact on nonprofit organizations can be devastating. With limited staff and resources for internal controls, executives and Boards of small nonprofits struggle...

A natural disaster or other casualty can be bad news for your home or business, but you might be able to salvage a tax break. Taxpayers can claim a casualty loss deduction on their tax returns if they’ve suffered a “sudden, unexpected or unusual” event — including a...

THE ANSWER MAY SURPRISE YOU! Self-directed Individual Retirement Accounts (IRAs) can be attractive investment options for taxpayers who are looking for a nontraditional approach to growing their retirement accounts. However, if the IRA owns a publicly traded...

It is with profound sadness that we announce that John Hanigan passed away on Saturday, March 8, after a brief, yet valiant fight against cancer. He will be deeply and dearly missed. John was the beloved husband of Sharon Hanigan and is survived by two sons and...

Written by Krystal Siebrandt, CPA, CFE As a business owner in today’s economic environment, you may be faced with challenging situations you’ve not experienced in the past. Hopefully, fraud is not one of them. However, the hard reality is that when pressures arise in...

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...

All corporations and limited liability companies (LLCs) that do business in Nebraska are required to file biennial occupation tax reports. For corporations, these reports are due on March 1 of each even-numbered year (becoming delinquent April 15). For LLCs, these...