June 28, 2022

Selling an accounting practice is a once-in-a-lifetime experience for most practice owners. Because it is such a rare event, sellers need to be aware of some key misconceptions about the process.

Accounting Analyst This position offers an optional hybrid work schedule, with three days working in the office and two days working remotely. Are you a motivated accountant looking for growth opportunities and flexible scheduling to meet the demands of your busy life? Would you like to work in a dynamic corporate environment for a stable,

Put a good idea in the hands of CPAs, and they’ll find innovative ways to make it even better. That’s exactly what’s happening right now with the new .cpa web domain.

Steve Loftis set off with Uncle Max early Thursday morning.

The Lincoln man left his home on Jade Court at 5 a.m., wearing combat boots and camo and a weighted rucksack, the start of a 26.2-mile trek along south Lincoln trails in honor of Max Lockhart, the uncle he never knew.

Buying or selling a business is one of the most significant business steps that business owners will take in their lifetime. In that process, many decisions must be made—often in a very short timeframe.

In modern wealth transfer planning, strategies involving the transfer of assets into irrevocable trusts are commonplace. Many of these irrevocable trusts are referred to as “intentionally defective grantor trusts” (IDGT) and are treated as “grantor trusts” for federal income tax purposes, requiring the grantor to pay all income taxes attributable to such trust despite having no access to the trust’s assets. However, for transfer tax purposes, the IDGT is treated as a separate taxpayer. This difference between income and transfer tax treatment has led the IDGT to be the wealth transfer planning vehicle of choice for many advisors.

Membership in the Nebraska Society of CPAs signifies your commitment to the accounting profession and the belief that much can be accomplished by working together. Welcome to the premier organization for CPAs and accounting professionals in Nebraska.

The American Institute of CPAs (AICPA) has announced the winners of the 2021 Elijah Watt Sells Award. To qualify, CPA candidates must obtain a cumulative average score above 95.50 across all four sections of the Uniform CPA Examination, pass all four sections on their first attempt, and have completed testing in 2021.

Tommie D. Thompson1945-2022Nebraska Certificate #1042Society Certificate #0724 The Society has made donations to The Foundation of the Nebraska Society of Certified Public Accountants in remembrance of Tommie.