Effective January 1, 2025, the Nebraska Minimum Wage is $13.50 per hour for non-exempt employees.

The minimum hourly wage for tipped employees is $2.13 per hour. Employers are responsible for ensuring that wages and tips combined equal at least the minimum wage.

Beneficial Ownership Information [BOI] reporting is due January 13th for all corporations, LLCs, or domestic reporting companies established through the Secretary of State.

Reports can be filed electronically through the Financial Crimes Enforcement Network website. Learn More

Failure to complete your BOI reporting may result in fines and jail time, or termination of CFO services.

The IRS is accepting income tax returns starting January 27th this year.

Partnership and S-Corporation tax returns are due March 17th.

Schedule C and Individual tax returns are due April 15th.

Upon completion of your December month-end, a Year-End Packet for your business taxes will be delivered to you and your tax preparer.

To allow adequate time for the tax preparation process, the information that Bell Solutions has been provided through February 5th will be handed over to your tax preparer no later than February 15th, so that the income tax process may begin.

Year-end packets are starting to be delivered this week!

Final Documentation for December is due now.

• All statements must be reconciled to close your books.
• All W9s must be received to file your 1099s.
• All supporting documentation must be received to prepare a year- end packet.

If your business has accounts with a closing date:

• AFTER January 8th, your year-end will be completed in the 2nd half of January.
• AFTER January 20th, your year-end will be completed in early February.

When due diligence cannot be completed to verify and prepare financials for tax preparation, the information Bell Solutions has received will be available for your tax preparers' use no later than February 15th, 2025.