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...
Tax Deadline for Individual Returns
February 16, 2024 – The April 2024 tax filing deadline is coming up quickly, and we are working hard to ensure our clients' tax returns are completed on time. For those of you who have already provided your tax information to our office, we appreciate your prompt...
When Does a Business Owner Need a Valuation and What Options are Available?
Written by,Phillip S. Oman, CPAManager| HBE LLPWhen starting a business, one of the last things a new owner might think about is, “What’s my business worth?” As a business grows and matures, there are numerous reasons why a business owner should know and understand...
Meet the Interns 2024
HBE’s intern program has been designed to provide college students considering a career in public accounting with real-world experiences in audit, tax, and business advisory-related services. Unlike traditional intern programs, our intent at HBE is to provide our...
Tax Relief for American Families and Workers Act of 2024
By Brian Klintworth, CPA/MTTax Relief for American Families and Workers Act of 2024 Important Tax Changes Likely on the Horizon January 22, 2024 Over the past several weeks, congressional negotiators have been working to craft a new tax bill that can garner bipartisan...
CECL for Nonprofits Is Here – Helping You Prepare
Nonprofits have endured the challenges of adopting several new accounting standards over the last several years. Now, after a lengthy deferral period, the Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) 2016-13, Financial Instruments –...
5 Benefits of Outsourced Accounting Services
fficient financial management is crucial for the success of any organization. However, maintaining an in-house accounting staff can be challenging and expensive, especially for smaller organizations with limited resources. Partnering with an experienced, outsourced accounting team can take away the stress and strengthen an organization’s finances.
HSA Contribution Limits Set to Increase in 2024
The IRS annually evaluates limits and thresholds for various benefits and provides increases, as needed, to keep pace with inflation. The health savings account (HSA) contribution limits effective January 1, 2024, are among the largest HSA increases in recent years....
2023 Manufacturing Market Update
Written by, James D. Schulz, CPA, CVA, MTPartner | HBE LLPThe last few years have been a whirlwind for many businesses, especially manufacturers. Inflation, supply chain constraints, workforce shortages, and the impact of rising interest rates have created a complex...