Address Digital Assets in Your Estate Plan

Today, almost everyone owns some sort of digital asset – and some of these assets can be quite valuable. But if your estate plan doesn’t account for digital assets property, your heirs may not be able to access them. So, factoring these intangibles into your estate plan is essential. What Are Digital Assets? Financial transactions are

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Halloween Fun

This year, our employees got festive for Halloween again. The annual costume contest was won by Taylor Gerdes. She dressed up as Bob Ross and it was an office favorite!

New Hires

October was a great month for new hires at Hancock/Dana. Lisa Bell is back! Lisa worked at H/D at the front desk for almost 20 years before moving to Kansas. When she called saying she was moving back to the Big O, it was a no-brainer to get her back at the front desk. We

Year-End Holiday Parties and Gifts: What’s Taxable?

The holidays are just around the corner, and now is the time for employers to start thinking about treating their employees with holiday parties or gifts. Such gestures are always a nice idea. Plus in a tight labor market, they can be a smart way to show appreciation and boost retention. But you need to know

Demystifying Personal Casualty Losses

In recent years, many Americans have been the victims of natural disasters. If you’re unfortunate enough to suffer a personal casualty loss, here are the federal income tax implications. Limited Deductions for Personal Casualty Losses In theory, the federal income tax rules allow you to claim an itemized deduction for personal casualty losses that aren’t covered

Retirement Planning 
Coming Soon: Changes to the 401(k) Plan Participation Rules

Years ago, employers could exclude part-time employees- those who work less than 1,000 hours per year in the business – from participating in 401(k) plans. That was before the Setting Every Community Up for Retirement Enhancement (SECURE) Act became law in 2019. The old rules made life simpler for small employers that preferred to avoid the

Businesses: It’s Time to Get Ready for the New Corporate Transparency Reporting Rules

Attention: Your business may soon have to meet new reporting requirements that take effect on January 1, 2024. Under the Corporate Transparency Act (CTA), which was enacted in 2021, certain companies are required to provide information related to their “beneficial owners” – the individuals who ultimately own or control the company – to the Financial

Football Fridays Are Back

Football Fridays are back at our office! Our employees can come dressed in their favorite team’s gear on Fridays – it sure can make for some fun and friendly rivalries around here.

Celebrate Good Times!

In celebration of the September 15 deadline being behind us, our staff got together at Omaha Sports and Games. They have an amazing showroom full of fun games that kept everyone busy for hours. We also got spoiled by our very own Austin Voigtman, Jeffrey Faltys, and Jesse Brickner for being our caterers and making

Take Aim at Targeted Worker Tax Credits

If your business is picking up steam, you may be looking to expand your workforce to meet the demand. Here’s a practical idea: Hire employees who qualify for the Work Opportunity Tax Credit (WOTC). The credit is available for workers who represent one of the “target” groups specified by law. There’s no limit on the