CPAs, Ceritfied Public Accountants

Every industry is unique and the CBF team takes great pride in providing the special knowledge and expertise that is needed to help you with the diverse day-to-day operations of your business. From healthcare to construction and everything in between, our professionals provide the individual attention and personalized service it takes to achieve results.


CBF is one of Northeast Nebraska's largest and most diverse accounting and business consulting firms, which enable us to serve as a valuable resource to your business. These are just a few of the industries our clients are engaged in:


Construction

Construction is a highly volatile industry that needs to respond to on-going changes. Outside factors, including tax requirements, bonding, interest rates, governmental regulations, energy prices and material shortages, often dictate to what degree a construction company will prosper.


We know that closely held businesses frequently find it difficult and costly to internally develop all the expertise necessary to meet the challenges of today's business environment. We understand these problems and will help you meet these challenges with our business, tax, financial and accounting advice.


We can also help you track jobs using the “percentage of completion” method. This method gives you the best picture of profits on your job as the work progresses. We can work with you to develop a system to report jobs using this method.


Agriculture – Corporate Farming

Nebraska is an agri-based economy and there has been a dramatic growth in the size of farming operations. As the size of the farms increase the need for professional business consulting services becomes essential.


Agri-businesses must place greater emphasis on efficiency through technological innovation and careful monitoring of production costs and investments. Therefore, it takes results-oriented management acting on sound and timely business advice to remain viable and competitive.


CBF is here to provide the business advice and consulting services your agri-business needs, this includes helping you work with lenders and reviewing expansion plans with land and equipment.


Agri-businesses face unique challenges and opportunities when it comes to ownership transition and estate planning. Working with current and second-generation family members, we have a focus to “keep the farm in the family.” Below are some strategies that we can assist you with:

Converting from a C corporation to an S corporation to provide cash flow to the
shareholders
Structuring a significant tax-free exchange of low-income producing assets
to more productive assets
Issuing nonvoting common stock to the current stockholders
Gifting voting stock to future management and nonvoting stock to others
Forming a life insurance trust and purchasing life insurance for estate tax-free
cash at death of current generation
Providing for a desired income stream to the current and second-generation
stockholders
Reducing estate taxes at the current owners’ deaths

Medical

Our experience demonstrates that the most successful practices have set goals and established long-range plans. By asking the right questions we can assist you in setting your goals and reaching your objectives.


By evaluating internal controls, we can recommend ways to increase profits and reduce costs. We can suggest ways to control overhead, design and/or review partnership or shareholder agreements, establish and/or review retirement and deferred compensation, and determine which business form (C or S corporation, partnership, or sole proprietorship) will be most beneficial to your situation.


We can assist you in the supervision and maintenance of your general ledger, prepare interim and annual financial statements, develop and/or review your business plan and offer ideas regarding tax planning and collection monitoring. Our professionals are uniquely qualified to provide you with meaningful and timely information.


Manufacturing

The closely held manufacturer has historically been the strength of our nation's economy and its primary source of jobs. Volatile economic conditions, foreign competition and declining productivity continue to make it difficult for manufacturing to maintain margins and remain competitive in the marketplace. Emphasis is now on efficiency through technological innovation and cost reduction as manufacturers struggle to survive in an increasingly service-oriented economy. Therefore, it takes results-oriented management acting on sound and timely business advice to remain viable and competitive.


We are available to assist you with all of your needs. We can prepare your income tax returns, provide audit, review and compilation services for your financial statements, and will help you select the service that is right for you. But our services don't stop here. As economic conditions and income tax laws change, we are here to provide you with the necessary individualized services you will require.


Not-for-Profit

CBF has been providing professional services to not-for-profit organizations for over 50 years. We currently provide professional services on behalf of over 40 not-for-profit organizations.


Our experience demonstrates that the most successful organizations have set goals and established long-range plans. We can assist you in setting your goals and reaching your objectives by asking the right questions.


Once your goals and objectives have been established, we can then assist you in the preparation of a budget and long-range plan. In addition to providing a basis for the goal-setting and planning process, budgets and long range plans are commonly used to monitor activities and highlight deviations from planned operations.


The financial reports of your not-for-profit organization merit special attention because they often determine the amount of funding your organization will receive. We can assist you in the preparation of these statements and optimize your organization’s opportunity to receive more funds.


While elaborate internal controls are sometimes impractical due to the size of an organization, certain critical procedures should always be followed. We can recommend controls that will help safeguard assets, produce accurate reports and improve administrative effectiveness.


Real Estate

Owning real estate, whether commercial or residential is unique. We are able to:

Design efficient accounting systems;
Discuss proper ownership for liability protection;
Provide key performance indicators, such as vacancies, etc.;
Work with lending institutions.

Franchise Restaurants

With the rise in popularity of franchise restaurants so did the growth of our clients in this arena. Our expertise includes franchise accounting, payroll and budgeting, to name a few.


Ratio analysis is necessary to compare to competitors and similar franchises across the country. Controlling food and labor costs and increasing sales volume are all critical in having a successful franchise. We can assist in these crucial areas.