What is BOI?
BOI stands for Beneficial Ownership Information, a requirement for U.S. organizations to report information about their owners and applicants to the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of Treasury. The Corporate Transparency Act (CTA)...
Election Years Boost Stock Performance: A Historical Look at Market Trends
During election years the average stock performance tends to be higher compared to non-election years. Historically, only four election years have seen negative stock performance, each due to significant events: The Great Depression, World War II, The tech bubble...
What Are Bonus Pay Withholdings?
GBE Clients, When we hear this question, we believe what people really want to know is: Why do employers withhold so much on bonus pay? Bonus Tax Bonuses are taxed the same as regular pay. They are listed (along with all of your job income for the year) on Form W-2...
Form 5498 for IRAs
If you have money invested in an Individual Retirement Account you will be receiving a Form 5498 from TD Ameritrade/Schwab (or your stock brokerage firm) in the mail the next 1-4 weeks. What is it? Form 5498 is information sent to the IRS by the trustees of...
Tax Tips: Corporate Biennial Renewal
If you have a registered corporation (Inc) with the Nebraska Secretary of State it is time to renew your registration! If you have a registered LLC your renewal is during odd years. If you do NOT have a Nebraska registered LLC or Corporation, please disregard this...
Important Papers After a Death
Valued Clients, When a death occurs in the family it is important to realize your attorney AND your accountant will play a vital role in administering and eventually closing the decedent’s financial affairs. The first step is to contact these professionals. The next...
Church Workers
Housing Allowance Clients and Pension Housing Clients ONLY, Attached is our annual email guide for church workers. Please use the updated spreadsheet when possible. You may email/bring the completed spreadsheet to your tax preparer when it’s time to file. The rest of...
HSA and Dependent Care FSA
Valued GBE Clients, Many parts of health and child care are noted in the tax code. Not everyone realizes the depth or extent this is true. Lets examine a few topics that people tend to overlook. Health Savings Accounts (HSA) 2023 Limits $3,850 self-only 2023 Limits...
Thank You!
Thank You! Whether you have been with us for over twenty years or just started working with our firm this tax season – we want to take a moment and say thank you. Thank you for the opportunity to serve you. Thank you for trusting us with your taxes, investments,...
LLC Biennial Renewal
LLC Clients and Domestic Nonprofit Corporations If you have a registered LLC with the Nebraska Secretary of State it is time to renew your registration! If you have a registered corporation your renewal is during even years. If you do NOT have a Nebraska registered...