2025 Pub. 7 Issue 1

Donald J. “Don” Keck 1941-2025Nebraska Certificate #1292Society Certificate #96351-Year Member Michael L. “Mike” Clymer 1958-2025Nebraska Certificate #3170Society Certificate #280039-Year Member The Society has made a donation to The Foundation of the Nebraska Society of Certified Public Accountants in memory of Don and Mike.

Michael R. Abramson, CPA has been promoted to director with Labenz & Associates LLC in Lincoln. He joined the firm in 2013 following graduation from Hastings College with a Bachelor of Arts in Accounting and a minor in mathematics. Abramson currently serves as a board member on the Lincoln Parks Foundation. Lynda M. Anderson, CPA,

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.

Given the familiar horror stories that seem to follow when private equity converges with business—think: Red Lobster, Payless Shoes, Sears—it’s no surprise that for some, the trend in accountancy firms joining those ranks sounds warning bells.

It is no secret that an estimated $84.4 trillion in wealth will pass primarily from Baby Boomers to younger generations over the next two decades.

Practice owners wanting to sell sometimes express a desire to keep some clients in order to continue an income stream. Be aware that making this decision can have undesired consequences for the sale.

Most states impose income tax on the income of their residents, regardless of where such income is earned. A handful of states, including Nebraska, also impose income tax on…

On Feb. 13, 2025, Republican lawmakers in the U.S. House of Representatives and the Senate introduced the Death Tax Repeal Act.

The question of whether a taxpayer is subject to tax in a state is complex. The answer for a company, and the facts needed to reach that answer, differs from those for an individual.