The straight line

Nebraska Tax Cuts – Robert Bell, CPA, Auditor

Wednesday, Governor Pete Ricketts signed LB-873 which provides relief from income and property tax. The new law lowers income tax for individuals by 1%, setting the rate at 5.84% by 2027. Further, this legislation will lower tax rates for businesses from 7.5% to 5.84% over the same time period. LB-873 also makes Social Security income...

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Whistleblower Hotlines: Phone, Web-Based, and E-mail

By: Matt Gardiner, CPA CFE Whistleblower hotlines are the most effective way to enable staff, customers, and vendors to report fraud and unethical activities occurring at your organization. Historically, this has meant maintaining an actual telephone line where whistleblowers could call in tips, however over the last few years these hotlines have evolved to include...

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Materiality and Misstatements: Two Key Audit Terms – Dennis Gardiner, CPA, Managing Partner

Materiality in an AuditAU-C Section 320, Materiality in Planning and Performing an Audit. Materiality is subject to the auditor’s professional judgment. We must consider the information needs of the financial statement users as a group. We apply materiality in (1) planning and performing the audit; (2) evaluating the effect of identified misstatements on the audit;...

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Sustainability/ESG Report – Blake Miller, CPA, Auditor

It has become increasingly common to hear investors and stakeholders request environmental, social and governance (ESG) information from companies to assist them in assessing a company’s performance. Many large companies have responded by delivering this information to stakeholders for further consideration. In 2020, 92% of the S&P 500 companies and 70% of the Russell 1000...

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