PPP Round 2
Payroll Entities Only This email is for small business owners, farmers, self-employed, other entities who pay payroll. As many of you have heard Congress passed another stimulus bill and allocated money to PPP Loans (Paycheck Protection Program). This is referred to...
Payroll/1099 Season
This information does not pertain to any personal or non-business tax return. Bookkeeping clients – we typically prepare this for you and will contact you if further information is needed. BUSINESS, RENTAL PROPERTY, AND FARM CLIENTS ONLY, It is time to assemble 1099...
Gathering Tax Documents
If we could give some advice to our clients before heading into tax season it would be – Review Your Tax Documents in Detail and Send Them All at One Time. Sending these documents to us at one time, rather than separate pieces, ensures the most efficient output...
Tax Tips: Business and Farm Expenses
GBE Business and Farm Clients, At tax time we like to see receipts for LARGE deduction items including vehicles, equipment, or any assets financed through a loan for your business or farm. We rarely request any other receipts; for the sake of time and efficiency we...
Document Retention Guide
Valued GBE Clients, We often hear the question “How long should I hold onto this document?” Please save this guide as a reference for document retention. Record Keeping Keep till warranty expires or can no longer return or exchange Sales Receipts (Unless needed for...
Changing Employers
Dear Clients, As a part of our ongoing relationship, we find it important to keep our files up-to-date with your most recent employer information. Job changes often create income and tax withholding changes. These adjustments could have a significant impact on your...
Nebraska Small Business Grant
GBE Business/Cattle Clients (only), The state of Nebraska is taking applications from: 1. Small businesses with 5-49 W2 employees (as of March 13, 2020), or 2. Nebraska livestock producers with 1-10 W2 employees, or 3. Individual livestock producers a. Minimum 20...
Stimulus Funds Debit Cards
GBE Clients, Some of you waiting on a paper check for stimulus funds may actually receive Debit Cards in the mail from the US Treasury office. A sample letter is attached for your reference. The letter will have instructions on how to activate the card, how to...
Information About Stimulus Checks
We are receiving numerous questions regarding stimulus checks. Just know that you’re not alone! If you have not received a direct deposit by now, either your income is too high to receive one, or you are likely set to receive a check by mail. If receiving by mail, the...
IRS Demanding Payment? Discuss with Your Accountant First
This time of year many of you, our valued clients, receive notice letters from the IRS or the State Department of Revenue. The notice letters encourage you to write a check for unpaid tax, penalty, and interest from a previous tax year. In some cases, we’ve found...