The IRS provides numerous tax breaks for higher education expenses. Tax credits and tax-deferred savings plans take some of the sting out of paying for college. TAX CREDITS The American Opportunity Tax Credit is available to students in the first four years of higher education. Using this credit can offset up to $2,500 of qualified […]

President Biden signed the American Rescue Plan Act today, March 11th, 2021. Among the act’s many provisions there are several tax related items to pass along. Here is a look at the key tax provisions that may affect you: Unemployment benefits The act makes the first $10,200 in unemployment benefits tax-free in 2020 for taxpayers […]

You’ve probably heard that the recent stimulus legislation included a provision that removes the 50% limit on deducting business meals provided by restaurants in 2021 and 2022 and makes those meals fully deductible. Here are the details. In general, the ordinary and necessary food and beverage expenses of operating your business are deductible. However, the […]

Is expansion in the future for your business located within the State of Nebraska?   Nebraska passed LB 1107 ImagiNE Nebraska Act on August 17, 2020 to help businesses grow their workforce and/or invest major funds into buildings or equipment.    This incentive program will replace the 2005 Nebraska Advantage Act which is currently in place. There […]

McMill CPAs & Advisors is pleased to announce that Clint Weeder has been recognized as a 2020 “40 Under Forty” honoree by the National Association of Certified Valuators and Analysts (NACVA). The 40 Under Forty program recognizes emerging leaders for their past accomplishments and their contributions yet to come. Clint is a shareholder at McMill […]

McMill CPAs & Advisors is proud to announce the success of Lemonade Camp 2020!  We are thankful for the community support of our two lemonade stand finalists who collectively raised over $1,400 for their selected charities, Christ Lutheran School and the Animal Shelter of Northeast Nebraska.  Both lemonade stands will also have a portion of […]

David Booth, Dimensional Executive Chairman and Founder, on Value and Values. History shows that you can’t time stock returns. To capture the market’s historical premiums, you have to be patient. dimensional.com

Hope is greater than fear. Join bestselling authors Dave Ramsey, Rachel Cruze and Ken Coleman as they give super practical, super clear advice on what you need to do with your money and career right now.

Business owners typically have little time for planning. However, making that time during this New Year — and new decade — can help most businesses become more competitive now and in the future. PLAN YOUR SUCCESSION Whether you plan to eventually sell your business to strangers or pass it down to the next generation, succession […]

You may have missed the news – buried in a much bigger spending bill, and passed in the thick of the holiday season. But after months of nearly bringing it to the finish line, it’s now official: On Friday, December 20, 2019, the Setting Every Community Up for Retirement Enhancement (SECURE) Act was signed into […]

Many people make resolutions to coincide with the advent of the New Year, including becoming more financially secure. If you want to improve your financial outlook, now is a good time to take steps to achieve this goal. TAP THE EXPERTS You go to a doctor for medical care and a mechanic to fix your […]

Few employers are “very confident” their employees are on the way to becoming retirement-secure, according to the report, “Employers: The Retirement Security Challenge,” from the Transamerica Center for Retirement Studies. Only 17% of employers felt very confident, which lined up with 18% of employees who felt the same. About 23% of employers were not too […]