OFFICIAL PUBLICATION OF THE NEBRASKA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS

Pub. 3 2021 Issue 1

in-memoriam

In Memoriam

RANDALL G. MIERAU1946-2020 A $100 donation has been made to The Foundation of the Nebraska Societyof Certified Public Accountants in memory of Randy. Nebraska Certificate #1403Society Certificate #1055 RICHARD J. NEWTON1952-2020 A $100 donation has been made to The Foundation of the Nebraska Societyof Certified Public Accountants in memory of Rich. Nebraska Certificate #3230Society Certificate …

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your-client-has-received-a-nebraska-notice

Society and AICPA Leadership Meet Virtually

In mid-January, AICPA Vice Chairman Bill Pirolli with DiSanto, Priest & Co. in Wakefield, RI, along with AICPA President & CEO Barry Melancon met virtually with Nebraska Society of CPAs Chairman Ryan Burger of Gabriel, Burger & Else, CPA, PC in Seward; Society Chairman-Elect Erica Parks of BKD LLC in Omaha; and Society President Joni …

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how-to-check-in-with-remote-employees

How to Check in with Remote Employees (Without Being a Micromanager): 4 Steps to Improve Productivity and Engagement

1. GET IN THE RIGHT MINDSET.
The purpose of your check-in isn’t for you, it’s for the employee. Your goal is to reinforce to the employee (through both your investment of time and attention) that you care about them and are there to support them. Channel your energy into being empathetic. Try to really understand your employee’s circumstances so you can best help them succeed.

tax-season-news

CPA Insider: Tax Season News for Individuals and Their 2020 Tax Return

1. Economic impact payments. Round one and round two of economic impact payments (EIP) are reconciled on the 2020 tax return. The EIPs were an advance. If the client received less than he or she should have, that individual will be able to claim an additional EIP credit on his or her 2020 return. Clients who received too much of an advanced rebate because the payment was based on their 2019 (or 2018 for the first-round payments if the 2019 return was not yet filed) income do not need to repay the excess when they file their 2020 tax return.

key-tax-provisions-in-2020

Counselor’s Corner: Key Tax Provisions in 2020 Year-End Coronavirus Relief Bill

On December 27, 2020, a year-end legislative package containing $900 billion in coronavirus pandemic relief was signed into law. Among other things, the relief bill allows businesses to deduct expenses paid for with Paycheck Protection Program (PPP) loans, extends and expands the employee retention credit (ERC), extends the payroll tax credits for paid and sick leave included in the Families First Coronavirus Response Act (FFCRA), and makes business meals fully deductible for 2021 and 2022. The coronavirus relief bill extends and modifies several provisions first enacted in the CARES Act, which was passed in March 2020. The package extends relief through mid-March 2021.

Pub. 3 2021 Issue 1 Template

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