Grant Opportunity for New & Existing Business Startups thru Nebraska Small Business Assistance Act (NSBAA)

A new program is available through the Nebraska Department of Economic Development (DED) and the GROW Nebraska Foundation. The NSBAA (Nebraska Small Business Assistance Act) program’s goal is to support those looking to start a small business or planning to expand a small business that was opened within the past five years. A small business is […]

LOCAL FIRM CONTINUES TO GROW WITH AN EXCITING NEW ANNOUNCEMENT

McMill CPAs & Advisors, one of the largest financial firms in Northeast Nebraska, is excited to announce the addition of a new shareholder, Lynndsy Beckmann. She became a shareholder alongside Jared Faltys, Clint Weeder and Andrew Steffensmeier on January 1, 2024. Raised in rural Bloomfield, Lynndsy now resides in Wisner with her husband, Chet, and […]

Don’t Forfeit Your Solo 401(k)

A solo 401(k) plan is an excellent way for sole proprietors to pack away retirement funds. In 2024, you can contribute up to $23,000 ($30,500 if you’re 50 or older) in pre-tax dollars. As the employer, you can also make matching contributions to your account. SOLO 401(K) PLAN ADVANTAGES Administrative simplicity is a major plus […]

Retirement Plan Limits for 2024

Many IRA and retirement plan limits are indexed for inflation each year. Several of these key numbers have increased once again for 2024. How much can you save in an IRA? The maximum amount you can contribute to a traditional IRA or a Roth IRA in 2024 will be $7,000 (or 100% of your earned […]

E-File Rule Changes

Beginning in 2024: New E-file Regulations for Businesses (1099s) The IRS and Department of the Treasury have amended the rules for filing returns and other documents electronically (e-file).These regulations will require certain filers to e-file beginning in 2024. This rule change will likely affect your business if you file your own 1099s, since each 1099 is […]

Nebraska Minimum Wage Increases to $12.00 / Hour

Department of Labor News Release LINCOLN – Nebraska’s minimum wage will increase to $12 per hour effective January 1, 2024. In accordance with an initiative passed by voters in November of 2022, the minimum wage will increase $1.50 each year through 2026, followed by an annual cost of living increase beginning in 2027. The minimum hourly […]