The straight line

Times Are Changing – Dennis Gardiner, CPA, Managing Partner

As I think back over the past years, I find today strikingly different. Your industries, the current business environment and societal changes have directed our training, planning, and working environment to focus in areas not thought about in the past. Less than one half of our recent staff training agenda was dedicated to technical topics...

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GASB Update – Elizabeth Thyer, CPA, Partner

What’s new for the audit of the financial statements for the year ended June 30, 2022? Governmental entities will be implementing Governmental Accounting Standards Board (GASB) Statement Number 87 – Leases for the fiscal year ended June 30, 2022. Per GASB Statement Number 87, a lease is defined as a contract that conveys control of...

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Modifications to 163(j) Limitation – Robert Bell, CPA, Auditor

Starting in 2018, businesses became subject to an annual business interest expense deduction limitation under code 163(j). This limitation is based on a percentage of adjusted taxable income (ATI). The ATI calculation begins with federal taxable income and has myriad additions and subtractions; two of the core addbacks to this ATI calculation historically have included...

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Ripple Effect of ESG in Agriculture – Matt Gardiner, CPA, CFE

As the world strives toward carbon neutrality, equity and inclusion, and responsible governance through the  pursuit of Environment, Social, & Governance (ESG) initiatives, it’s not just global corporations who will be taking on these challenges. A significant effort will come from small and mid-size organizations embracing this process, including the up- and down-stream supply lines...

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Nebraska Higher Blend Tax Credit –
LIMITED RESOURCES AVAILABLE

The Nebraska Higher Blend Tax Credit Act Application, Form HBTC-A, will be accepted beginning August 1, 2022. Nebraska retail dealers who sold and dispensed E-15 or higher ethanol blends of gasoline at their retail sites during the 2021 calendar year are eligible to receive refundable tax credits. Funds are limited. Complete applications, therefore, will be...

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