Search our site

Tornado Damage and Report of Destroyed Real Property

PROPERTY TAX VALUE FOR TORNADO DAMAGE The Department of Revenue, Property Assessment Division, in Nebraska, reminds real property owners who have suffered significant damage to their property between January 1 and July 1, 2024, that they can file a Report of Destroyed Real Property (Form 425). This report allows the county board of equalization to

A Closer Look at the Market Approach

There are three approaches to valuing a business: the cost, market, and income approaches. In this article, we focus on the market approach, which the International Glossary of Business Valuation Terms defines as: A general way of determining a value indication of a business, business ownership interest, security, or intangible asset by using one or more methods that

Beware of a 100% Personal Liability Penalty

A “100% penalty” can be assessed against a responsible person when federal income tax and/or federal employment taxes are withheld from employee paychecks but aren’t handed over to the government.

Big Changes to the Child Credit for 2021

The American Rescue Plan Act (ARPA) significantly liberalizes the rules for the federal child tax credit, which means more money in the pockets of eligible parents this year. However, the liberalization is only for the 2021 tax year. Here’s the story.

The Evolution of the Employee Retention Credit

The pandemic has adversely affected many sectors of the U.S. economy, causing widespread job losses. At the start of the national emergency, Congress created a novel tax break – the Employee Retention Credit (ERC) – to entice employers to retain employees.

Extended Hours for Busy Season

Feel free to drop off your client documents with Mary at the front desk or in our secure drop box during these times. We look forward to seeing you!