News & Resources

Nebraska’s state income tax system is always evolving. Recently, legislators enacted several changes to the state’s tax code to boost economic competitiveness and attract businesses to the Cornhusker State.

As companies prepare to issue their 2024 financial statements, it’s an excellent time to review new Accounting Standards Updates (ASUs) issued by the Financial Accounting Standards Board (FASB) and effective for annual reporting periods beginning after December 15, 2023.

In this guide, we’ll explain the key differences between cash and accrual accounting, consider the pros and cons of each, and outline the steps for making the transition when you’re ready.

Paying taxes can be one of the most stressful duties of small business owners, but it’s also one of the most important. You need smart tax planning strategies to ensure a smooth fiscal year-end, comply with tax laws, minimize tax liabilities, and maximize growth.

Every business has risks, and while some risk is unavoidable, most companies seek to manage risk (and comply with laws and regulations) by implementing internal controls.

In recent years, lawmakers have significantly changed the treatment of Research & Experimental (R&E) expenditures for federal income tax purposes.

Managing cash flow is crucial for business owners—especially during uncertain times. Effective cash flow management ensures stability and allows your business to meet its obligations and take advantage of opportunities.

This guide provides a structured approach to navigating the merger and acquisition process, from due diligence to post-merger integration. We also highlight some common pitfalls to avoid.

The benefits of outsourced accounting far outweigh the potential downsides of cost and less control over financial data.