For landowners that have qualified tenants, the benefits of the beginning farmer tax credit can be huge. Both Iowa and Nebraska have significant beginning farmer tax credits that can serve to offset your state income taxes. The Iowa beginning farmer tax credit is calculated as 5% of cash rents or 15% of gross revenue from [...]
Just to show how big of a dork I am, I wanted to share a spreadsheet that I made in Excel originally, then realized it was simple enough to even be used as a Google Document. It’s set up to put in the asset information you have, then figure the MACRS depreciation based on the [...]
Expecting an income tax refund? You can find your IRS refund here. Have your social security number, filing status, and refund amount ready. You can find your Nebraska refund here. Have your social security number and refund amount ready. You can find your Iowa refund here. Have the tax year, social security number, and refund [...]
As the Missouri river swells between Omaha and Council Bluffs, we have a unique opportunity to watch a major flood event slowly develop into a major emergency. This also gives us a highly unique opportunity to become incredibly prepared for this impending disaster. Sue Pitts at the Iowa Western Community College (IWCC) Small Business Development [...]
A lot of people are getting fired up talking about significant income tax reform. Everyday there is someone posting on Twitter about income tax being unconstitutional or that the founders would be rolling in their graves about it. While that may be a fair point, no one seems to offer a viable solution. It would [...]
The Des Moines Register has a nice summary on the activity that the state government has taken, will likely examine, and also notable items that are pretty much dead in the water. A few items that have cleared the hurdle into approved territory are the Taxpayers First Act that reduces funding for university sabbaticals and [...]
The Douglas County Assessor’s office will not be sending out pre-filled personal property tax returns this year. In an effort to reduce operational expenditures, these courtesy returns will no longer be sent out. However, they do have a free e-filing system that is up and running. Your personal property tax is still due by May [...]
If you have a Schedule C business (sole proprietor), LessAccounting wants to be your one stop bookkeeping shop. The key for LessAccounting is being an integrated solution rather than having to stop by one program for invoicing, another for bookkeeping, and yet another for contact management. Goal: Simplify bookkeeping for micro-businesses (less than 20 employees [...]
I know this post is basically breaking my arm to give myself a pat on the back, but I’m happy I made the cut for CPA Technology Advisor’s Top 40 under 40 shortly before I was recognized by the Journal of Accounting for my Excel-lence.
Freshbooks was not intended to be an accounting system. Freshbooks still claims to not be an “accounting package” although it allows you to produce a profit and loss statement for your business by entering non-billable expenses as well as billable expenses into the system (in other words, you can track all your expenses, not just [...]
