July 17, 2023

Qualification as an S corporation may be critical to achieving a business’ tax objectives; however, the S corporation rules contain many traps for the unwary. In particular, S corporations may inadvertently invalidate or terminate their S elections. Qualified subchapter S subsidiaries, or QSubs, may face similar issues. Section 1362(f) of the Internal Revenue Code provides […]

Believe it or not, when selling an accounting practice, the best buyer is not typically a larger firm. It is usually an individual, and frequently is a current employee of a practice near you, or someone coming from a large or regional firm who is looking for a platform to build on. This is true

Leaders from the Nebraska Society of CPAs visited the offices of Nebraska lawmakers in Washington, D.C., in May to discuss a variety of issues important to the accounting profession. The trip was part of the American Institute of CPAs (AICPA) Spring Meeting of Council and Annual Members Meeting. Nebraska CPAs who joined me in attending