OFFICIAL PUBLICATION OF THE NEBRASKA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS

August 24, 2022

Classified-Ads

Classified Ads

Accountant/CPA Our firm is seeking an experienced CPA or CPA candidate to meet the growing needs of our clients. This position would include assisting in all aspects of federal and state income tax planning and preparation, and business accounting and consulting. Experience in individual and corporate taxation would be helpful. We are looking for an upbeat individual who is self-motivated with strong […]

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In Memoriam

THE SOCIETY MOURNS LOSS OF MEMBERS Donald D. Graham 1934-2022 Nebraska Certificate #0515 Member Since 1959 Society Certificate #0319 Vicki L. (Riggs) Young 1961-2022 Nebraska Certificate #4437 Member Since 1989 Society Certificate #3335 The Society has made a donation to The Foundation of the Nebraska Society of Certified Public Accountants in remembrance of Donald and

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When Is A Duck Not A Duck? Reclassifications in the World of State Taxes & Incentives

While we work on a variety of state and local tax and incentive scenarios, one common thread between many of these is that the Nebraska Department of Revenue or Economic Development will often reclassify a business transaction or type of business based on its view of the economic, business, or legal reality.
This can have significant and unwanted tax and incentive effects.

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Counselor’s Corner: A Trap for the Unwary Punitive Penalties Under IRC Section 409A

A critical component to every business is its people. Employees invariably look to employers to provide employee benefits, such as health insurance. An often-overlooked employee benefit that can help both large and small businesses attract, retain, and reward employees is non-qualified deferred compensation. Professional advisors should be familiar with non-qualified deferred compensation to provide optimal professional services in raising
this potential benefit and to identify potential issues regarding the maintenance and operation of non-qualified deferred compensation so that punitive penalties may be avoided.

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Oops! I Forgot to Renew My CPA License!

Hey, we all get busy and sometimes it is easy to set aside State Board email reminders to renew your active CPA
license, inactive registration, or your CPA firm permit to practice. The goal of State Board staff is to assist during the licensing renewal period (from early May until June 30) by sending several reminders to you. Doing so has greatly decreased the number of non-renewals
over the years!

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