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Huberty Blog

Keep up with the latest news from Huberty by following our blogs! Here we will post news about our organization, key figures, our services, industry news, and more. Be sure to check back often!


Tax Planning & Sunset Provisions: What You Need to Know

08/29/2023 | Read Time: 3 minutes

Tax planning is a critical aspect of financial management, enabling individuals and businesses to reduce their tax liabilities while staying compliant with the law. The Tax Cuts and Jobs Act (TCJA), a significant overhaul of the U.S. tax code passed in 2017, brought about numerous changes that have an impact on tax planning strategies.

Tax Planning Strategies: Maximizing Savings and Efficiency

07/25/2023 | Read Time: 3 minutes

By understanding the nuances of tax regulations and leveraging the available incentives, you can gain a competitive edge for your business and position yourself for long-term financial success. Connecting with a Huberty tax advisor can help you tailor a strategy specific to your needs and enable you to reach your goals and objectives.

The Role of Valuation and Financial Planning in Exiting Your Business

06/19/2023 | Read Time: 3 minutes

You’ve invested time, energy, and money into your business, for many years, now what? It is essential that your exit causes minimal disruption to the daily operations of your business. Here’s how developing an exit planning strategy with a business valuation and financial planning help can lead you on the road to success.

Exit Strategies for Your Small Business: Tips for a Smooth Transition

05/24/2023 | Read Time: 3 minutes

It’s easy to overlook the future during the daily operations of your business. However, efective business transition planning is crucial to ensure a seamless exit. Whether you intend to sell your company or hand it down to your family, let’s consider these strategies to facilitate the process.

Navigating Uncertainty: Strategies to Invest in Your Business

04/26/2023 | Read Time: 4.5 minutes

When you have a seamless plan for your company’s present and future, you and your employees can enjoy a smooth-running business. Here are some of the most effective strategies you and your accountants can pursue to make the process as efficient as possible.

Tax Document Showdown: What You Need vs. What You Don’t

2/22/2023 | Read Time: 4 minutes

Get a handle on tax season with our guide to essential documents. Learn which documents you need to file your taxes successfully so you can approach tax season with confidence.

Elevate Your Business Strategy: The Power of Accountants

2/07/2023 | Read Time: 4 minutes

In a world where decisions depend on data, accountants occupy an evolving role within the business community. Here’s how strategic accountants are being used to shape business success.

Top 7 Benefits of Outsourcing Your Bookkeeping

01/17/2023 | Read Time: 3-5 minutes

Running a successful business takes dedication and focus. So why are you spending so much time trying to manage your books?

Plan For the Future with Roth IRAs

10/6/2022 | Read Time: 1-2 minutes

It is time to paint your overall tax picture as you prepare for the coming year’s tax filing.

Online Account Software Benefits

8/31/22 | Read Time: 3-5 Minutes

Have you considered moving your accounting software online?

Staying Up To Date On Tax Law

8/8/2022 | Read Time: 3 Minutes

Tax laws are a changing facet of accounting. New rules and regulations happen frequently. New clients sometimes say, “my former accountant never told me that.” In those cases, they probably didn’t realize the new regulations changed and may have offered taxpayers new opportunities.

What in the World are KPIs?

8/8/2022 | Read Time: 5 Minutes

Huberty clients hear our advisors use the term “Key Performance Indicators” or see the acronym “KPI” written in our service descriptions. However, not everyone is a CPA. So what exactly is a Key Performance Indicator, and how does it relate to your financial outlook?

Six Hurdles of Business Transitions

8/8/2022 | Read Time: 5 Minutes

Nothing stays the same in life, or in business for that matter. Companies are seldom in a steady state. They are growing or declining, starting up, or being exited or transitioned to others. All business phases have challenges, but we’ve found that businesses in transition are particularly challenging. Huberty’s Advisory services focusing on Analysis, Strategy, and Planning are especially helpful.

Finding the Ideal Work-Life Balance

8/8/2022 | Read Time: 4 Minutes

At Huberty, we work with numerous small and mid-sized business owners. As business coaches, our consulting experts try to express the importance of a desirable goal: build a business that serves your life rather than spending your life serving your business.

Balancing Remote Work in the Public Accounting Field

07/26/2022 | Read Time: 2 min

Almost every industry switched to remote work during 2020. Now, many companies are transitioning how their buildings, culture, clients, and staff are interconnected while still being competitive in the hiring process.

Better Business Decisions Get Results

7/13/22 | Read Time: 2 Minutes

Huberty’s Dir. of Strategy and Coaching, Brad Saunders assumes a list of responsibilities at Huberty - including business advisory in sales management, leadership, strategic planning, goal setting, KPI’s, and exit strategy as well as holding business owners accountable for their plans. Oh, and he IS a small business owner!! Read 6 suggestions he learned to help businesses get better results.

Business Valuations

03/04/2022 | Read Time: 2-3 minutes

We help business owners every month by providing them with certified business valuations and coaching that can help build a more valuable business and a detailed plan for the transition. Here are two things to consider before a business value is determined.

Schedules K-2 and K-3

2/22/2022 | Read Time: 3-4 minutes

New this year, IRS Schedules K-2 and K-3 will need to be completed to include items of international tax relevance from the operations of a pass-through entity.

Huberty Merges with Van De Kreeke and Associates

12/7/2021 | Read Time: 1 minute

Van De Kreeke and Associates, S.C. (VDK) merges with Huberty, expanding services for combined client base.

Huberty Merges with RRK CPA LLC

12/7/2021 | Read Time: 1 minute

RRK CPA LLC merges with Huberty, expanding services for combined client base.

What is Strategy and Coaching?

11/08/2021 | Read Time: 5 minutes

Strategy and coaching help through teaching - helping business owners make good decisions to maximize their efforts and see more profits in their business.

Garden your Money

04/19/2021 | Read Time: 3-4 minutes

April is Money Smart month – so what better time to discuss gardening tips! Gardening and financial planning have quite a lot in common

Planning to Exit

05/25/2021 | Read Time: 2 Minutes

How soon should you start planning for an ownership transition?

What to Expect in 2021 if you are a Business Owner

02/03/2021 | Read Time: 5 Minutes

Likely you have heard of regulatory changes that could/will affect businesses this year as the Federal Government administration changes over. An unprecedented number of executive orders have already been signed by President Biden and likely we will see more. This is a list of the top regulatory issues on the horizon according to Paychex.

Tax Planning in a Year of Uncertainty

12/16/2020 | Read Time: 7-10 Minutes

This year has been unlike any other in recent memory. Front and center, the COVID-19 pandemic has touched virtually every aspect of daily living and business activity in 2020. In addition to other financial consequences, the resulting fallout is likely to have a significant impact on year-end tax planning for both individuals and small businesses. This is the time to paint your overall tax picture for 2020. By developing a year-end plan, you can maximize the tax breaks currently on the books and avoid potential pitfalls. The following three sections outline important considerations

Do you have a Hybrid?

11/17/2020 | Read Time: 2 minutes

Having a financial planner who is also able to advise on tax matters - and vice versa - is the gold standard

The Moment Everything Changed

10/26/2020 | Read Time: 2-3 minutes

Having outsourced bookkeeping is not new, but modern outsourced bookkeeping software gives business owners an edge. Imagine during all the disruption having your thumb on the pulse of your business, from anywhere!

Do I Owe Taxes on my PPP Loan?

10/12/2020 | Read Time: 2-3 minutes

While the PPP program has been helpful for businesses, the tax implications associated with them have proved to be a little confusing.

Banking for the Deceased: What to Expect and How to Prepare

09/08/2020 | Read Time: 3-5 minutes

Steve Leaman, Danielle Schraufnagel, and Grace Bruins of Horicon Bank discuss how you can make sure your loved ones can handle your banking if something were to happen to you and what they can expect when the time comes.

Mission and Vision…Does it Even Matter?

08/25/2020 | Read Time: 2-3 minutes

What is the purpose of mission and vision statements? Should my small business have them? Will my business wander aimlessly without one?

What is a SWOT and How Does it Help You?

08/11/2020 | Read Time: 2 minues

Although pronounced swat, as in swat a fly, this tool has nothing to do with killing something. To the contrary, the SWOT analysis tool can provide new life to the businesses! SWOT kicks off strategic planning.

Is the Accountant Stereotype Holding you Back?

07/28/2020 | Read Time: 1-2 minutes

Accountants are boring, hermit math nerds who come out but once a year file taxes. I’m pretty sure that one sentence summed up just about every accountant stereotype out there. Just like most stereotypes, the over-generalized belief about who an accountant is and what they do is completely wrong!

Investing In Your Data Could Solve Your Biggest Challenge

07/14/2020 | Read Time: 2 minutes

As a business owner what is your biggest challenge? Most business owners will more than likely say one of two things - wanting more customers or wanting more profits. So how do you get those? That seems about as difficult of a question as “what is the meaning of life.” But believe it or not, the answer lies in one word – DATA!

Joshua TeBeest: AICPA Leadership Academy Graduate

Read Time: 4 minutes

Joshua TeBeest was one of only 30 CPA’s honored by the American Institute of CPA’s (AICPA) as a member of the Leadership Academy’s 12th graduating class. Josh was selected based on his exceptional leadership skills and professional experience for the four-day Leadership Academy program, which will be held October 5-8.

Is Your Strategic Plan Still Relevant?

June 17, 2020 | Read Time: 1 Minute

COVID-19 has tested every facet of small businesses - employees were told to work from home, storefronts closed, and business owners lost income and the ability to stay connected with their customers. Even the best strategic plans for 2020 did not account for all of these changes happening overnight. What could you possibly have done to plan for this?

How to Stop Your Procrastination with Thrive by Huberty

May 22, 2020 | Read Time: 3 Minutes

Recently, a client told us about their procrastination. As easy as it is to laugh at or shrug off procrastination, we are all guilty of it. But why do we procrastinate? Is it because we have other more important things to do? Is it because we really don’t like the task at hand and secretly hope it will just go away? Or, is it because we don’t 100% understand what we are looking at? Perhaps it is a combination of all of the above. Thrive by Huberty, an easy to use outsourced bookkeeping service provides a solution to these tough questions.

Thrive by Huberty, Outsourced Bookkeeping

May 14, 2020 | Read Time: 3 Minutes

A new business owner will learn quickly that accurate up to date financial records provide a numbers-based picture of their business. Knowing those numbers takes years, knowing how to maintain these records efficiently seems to be a low priority of most business owners. There are five good reasons to consider outsourced bookkeeping services to help you get your weekends back.

Coronavirus Stimulus Package Offer Relief for Retirees with RMD Waiver

April 23, 2020 | Read Time: 4 Minutes

President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES) Act on March 27, 2020. The House passed the bill by voice vote earlier that day, and the Senate unanimously passed it on March 25. The $2.2 trillion bipartisan bill, the most expensive legislation ever enacted, resulted from negotiations between Treasury Secretary Steven Mnuchin and Congressional leaders on both sides of the aisle. Tucked in the CARES Act was a provision that suspended the Required Minimum Distributions (RMD’s) for 2020.

New Considerations for Small Business Owners

April 14, 2020 | Read Time: 1 Minute

Employer Payroll Tax Deferral: Under CARES Act section 2302, an employer may defer the employer portion of Social Security taxes due between March 27 and December 31, 2020, provided at least 50% of the deferred taxes are paid by the end of 2021 and the remainder is paid by the end of 2022. However, employers that have their indebtedness forgiven under the Paycheck Protection Program are not eligible to defer these taxes.

Don’t Fall Prey to Coronavirus Tricks; Retirees Among Potential Targets

April 9, 2020 | Read Time: 3 Minutes

Over the past weeks, the IRS and its Criminal Investigation Division have seen a wave of new and evolving phishing schemes against taxpayers, especially targeted towards retirees. With a vast array of information out there, the Huberty COVID-19 Planning Team assembled what you should know about your economic impact payments and how you can avoid falling victim to these scams.

The Benefits of Data at Your Fingertips

March 4, 2020 | Read Time: 3 Minutes

Technology as a whole has evolved considerably over the last 20 years. What once was data we had to spend hours analyzing to come up with a meaningful number (only to have it be outdated by the time we receive it) is now just a click away. Even more, since the smartphone boom in the late 2000s that data is now available at our fingertips any time we want it.

Four Tax Law Changes You Should Know

February 20, 2020 | Read Time: 3 Minutes

Last tax filing season, several changes were written into legislation as part of the Tax Cuts and Jobs Act. This extremely robust change in regulations not only affected individuals, but also businesses, nonprofits, and even government entities. Full clarification on this new law didn’t get distributed until as late as fall of 2019, well past tax time! Imagine if a CPA took the Apple 2e/lobotomy approach and didn’t get educated on the new tax law…scary, right?

What to Know When Choosing a Quality CPA

February 5, 2020 | Read Time: 5 Minutes

In a world where we receive constant pressure to buy this or that, we often find ourselves lost in a maze of choices and misinformation, not knowing if the purchase is something we truly need. We spend countless hours researching products and reading reviews, bouncing from website to website to find the best deal. Ask yourself this…how much thought and research do you put into the CPA and financial advisors you choose?

The Evolution & Importance of Coaching

January 23, 2020 | Read Time: 5 Minutes

Business coaching has roots that go back to the Greek philosopher Socrates. The “Socratic Method” of using questions to help others think clearly remains a staple of modern-day coaching. As business became more mechanized and complex in the 20th century, interest grew in learning the “secrets” of business success.

How to Create Accountability in Your Business with Coaching

January 8, 2020 | Read Time: 4 Minutes

Many entrepreneurs feel that business ownership gives them independence, control, and leadership opportunities that may not exist for them as an employee of someone else. As good as these benefits are, there is some caution to be advised about taking these benefits too far.

Six Business Budget Basics to Keep You on Track

December 23, 2019 | Read Time: 4 Minutes

You’ve created a budget and stuck to it for months, but an unforeseen expense threw a wrench in your plan. What do you do now? We’ve all heard of broken budgets that get thrown aside the instant they get off track. Even though all hope may seem lost, it is possible to revise and refocus your budget! Budgets are a work in process, so you shouldn’t be afraid to adjust as you go.

Addressing the Fear of Audit

December 11, 2019 | Read Time: 3 Minutes

What do most people think of when they consider the word audit? In our experience, the word primarily induces fear. After all, who wants to hear that they are being audited? At Huberty, we understand the fear that comes with auditing. We know that audits can often feel like a punishment, much like a fine, a reprimand, or worse. (Oh my!)

Five Accounting Tips that Make a Difference for Your Farm

November 20, 2019 | Read Time: 4 Minutes

When it comes to accounting, farming is EXACTLY like nonprofits — highly specialized! As Liam Neeson would say in the movie Taken, “I have a very particular set of skills, skills acquired over a very long career…” The accountant you choose to handle your farm’s accounting should be the Neeson of farm accounting.

Five Ways to Calm the Storm of Tax Season

October 23, 2019 | Read Time: 3 Minutes

As tax season approaches, Huberty can sense your fears starting to build - the sweat on your brow starts to take shape and you begin to have flashbacks to high school sitting across the desk from Mr. Strickland’s crisp bowtie! As you sit waiting for your turn to head in and learn your fate for the year, you begin to wonder what you could have done to avoid the F5 tornado in which you feel you are about to be sucked into.

9 Estate Planning Must-Haves

September 25, 2019 | Read Time: 7 Minutes

We know you love your family and there’s nothing you wouldn’t do to help them. One of the best things you can do to secure their future financial safety is to tackle estate-planning! Your loved ones (heirs) will thank you for not having a legal mess to sort out!

How to Choose Between a Will and a Revocable Trust

September 11, 2019 | Read Time: 4 Minutes

When discussing estate planning for individuals, most have heard the terms “will” and “trust,” but not everyone knows the differences between the two. Both are useful estate planning devices that serve different purposes, and both can work together to create a complete estate plan. Both legal documents allow you to provide for the ultimate disposition of your assets upon your death.

Secure Your Future, Review Your Estate Plan

August 21, 2019 | Read Time: 4 Minutes

The Tax Cuts and Jobs Act of 2017 (the TCJA) included a substantial increase in the federal estate tax exclusion. The relatively new tax law is even more reason to review any estate planning you have done. However, it is important not to simply undo prior planning, as many aspects of these new laws are set to return to pre-2018 laws at the end of 2025.

Estate Planning – Securing Your Family’s Future

August 7, 2019 | Read Time: 3 Minutes

An estate consists of everything a person owns, including a home, vehicle(s), additional real estate, bank accounts, stocks, and life insurance. It also accounts for valuable personal possessions like furniture, jewelry, and artwork. Almost every individual has an estate. However, no matter how large or how small your estate is, you can’t take it with you when you die.

Five Top Focus Areas for Business Success

July 10, 2019 | Read Time: 4 Minutes

Business is more complex today than ever, with lots of moving parts and pieces that require management attention. In small and mid-sized businesses, owners or leaders don’t often have experts in all the functional areas, so they are forced to wear all the hats. Yet, no one can be knowledgeable in every area, so the weight of those responsibilities can make success feel very elusive.

The Recipe To Success

June 19, 2019 | Read Time: 3 Minutes

In 2011, a small and medium-sized business survey was conducted by E-Myth and Synotac that revealed fascinating statistics concerning how growth and development of a business are related to Planning. The results of this investigation led to what E-Myth dubbed the “Success Recipe” for businesses.

Enjoy the Fruits of Your Labor with Planning

June 5, 2019 | Read Time: 3 Minutes

If you are a small business owner, a time will come when you’ll find yourself ready to exit or sell your business. You’ve probably thought about the possibility in some capacity already. But there are a few questions you need to ask yourself before you start fielding offers from potential business buyers.

Managing Employee Benefit Plans and Audits

May 1, 2019 | Read Time: 2 Minutes

One of the administrative requirements of Employee Benefit Plans (EBP) that is not widely discussed is the necessity of annual audits for plans with more than 100 participants. Though mandatory, these audits can actually produce important benefits for the plan and its sponsor or administrator.

Putting Plans Into Action

April 17, 2019 | Read Time: 3 Minutes

At Huberty, our accounting firm puts a strong emphasis on the importance and benefits of Strategic Planning. Our expertise has proven time and time again that developing Strategic Plans leads to prosperity in a lot more than just profits, but in the overall financial health and longevity of a business. However, even the most detailed Strategic Plans provide no benefit without putting the plan into action.

Planning For Retirement

April 3, 2019 | Read Time: 3 Minutes

At Huberty, our Accounting Firm helps evaluate and bolster your business’ true worth so that you don’t sell it for a dollar less than you’ve earned.

Building a Strategy For Success

March 20, 2019 | Read Time: 3 Minutes

The best way to find success is to PLAN for success! Whether your business just had a record sales year or if you’re just “above water,” the beginning of the fiscal year is the best time to develop a Strategic Plan.