Individuals who own a business or are self-employed and use their vehicle for business may deduct car expenses on their tax return. The two methods for claiming a vehicle deduction are: Standard Mileage Rate Actual Expense Method Tracking all business … Continue reading »

In observance of Independence Day, our office will be closed Monday, July 5, 2021.

Did you know the tax deadline for 2021 has been extended? The IRS and Treasury Department publicized that the federal income tax filing due date for individuals for 2020 will be pushed from April 15, 2021, to May 17, 2021. … Continue reading »

The Consolidated Appropriations Act of 2021 (CAA) passed by Congress and signed by the President includes several tax related provisions and assistance to businesses impacted by the COVID-19 pandemic. Tax Treatment of Paycheck Protection Program (PPP) Loan Forgiveness: The CAA … Continue reading »

Bland won Best of Omaha, again! This award is given to the best local accounting firms, voted by the people. Only about 4% of all the business’ in Omaha are voted BEST – and we were one of them! This … Continue reading »

The State of Nebraska has established a series of Coronavirus Relief Fund (CRF) Programs to help mitigate the impact of economic losses due to Covid-19. The newly reopened Get Nebraska Growing Grants are available now, and applications are being accepted … Continue reading »

Nonprofits have lost billions of dollars this spring and summer due to canceled fundraisers, site closures, and the ongoing fallout of COVID-19. Here is an article providing an essential guide detailing what to do every month from now until January … Continue reading »

On August 8, 2020, President Trump signed an executive order allowing a deferral of the employee’s portion of social security tax (6.2% of wages) for certain individuals. The deferral applies to employee’s wages that are less than the equivalent of … Continue reading »