2026 Pub. 8 Issue 3

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.

James M. Anderson, CPA, partner at Forvis Mazars LLP in Lincoln, received the John Connor Family Award at the University of Nebraska-Lincoln’s (UNL) School of Accountancy Celebration of Excellence in September 2025. This award recognized his longstanding commitment to the school. In addition to serving as Forvis Mazars’ Northwest regional tax quality leader and being

A new initiative is underway for the profession: the CPA Trust campaign. This national effort is designed to raise awareness of the value CPAs deliver every day and to strengthen understanding of the profession across business, communities, and the broader public. The campaign highlights what sets CPAs apart: deep expertise, high standards, and a foundation of trust built through licensing, ethics, and oversight.

Not long ago, “transformation” felt like a competitive advantage. Today, for many accounting professionals, everything feels like it is in constant motion — new technologies, new expectations, new business models, new talent dynamics. Layer in ongoing regulatory changes and evolving client demands, and it’s no surprise that what once felt energizing now feels exhausting.

Why Accounting Practices Are Highly Financeable Accounting and tax practices are one of the most financeable acquisition targets in today’s market. They offer high recurring revenue, strong client retention, predictable cash flow, and seasonality. These characteristics give lenders confidence and make it possible for qualified buyers to finance the acquisition of an accounting practice using

CPAs are wired to help. When deadlines loom and clients falter, the instinct is to step in, answer one more question, push a return across the finish line, or provide a “quick look” after the engagement has supposedly ended. But professional loyalty has limits, and under Nebraska law, failing to recognize when a client relationship has run its course can quietly extend legal exposure long after a firm believes the engagement has ended.

Asset sales typically dominate the small business acquisition space due to the key benefits they provide to buyers. First, buyers take a higher basis in the assets purchased, which is beneficial to the buyer due to their ability to depreciate certain assets and lower taxable income. Additionally, in asset sales, buyers can pick and choose what assets to purchase. This provides a liability shield for the buyer as the buyer only takes on the identified assets and does not assume the liabilities of the seller, unless it chooses to. One often overlooked process in an asset acquisition is the purchase price allocation.

Register for courses and conferences at nescpa.org/cpe. Fiduciary & Tax Accounting for Estates & Trusts Aug. 18Ashland | Peter Kiewit Lodge, Mahoney State Park Partnership & S Corporation Essentials: Reporting Basis & More Aug. 19Ashland | Peter Kiewit Lodge, Mahoney State Park Key Tax Issues Facing Business & Industry Aug. 20Ashland | Peter Kiewit Lodge,

Although the 2026 Nebraska Legislative Session did not produce as many tax law changes as some policymakers had anticipated, lawmakers still enacted several significant measures affecting sales and use taxes, tax incentives, administrative enforcement practices, property tax procedures, and economic development. The session also included revisions to Nebraska’s Foreign Adversarial Company law and several new taxes and tax rate increases.

If you have ever wished there was an easier way to report your Continuing Professional Education, your wish is about to come true.

Leadership transitions are a natural opportunity to pause, reflect, and ask an important question: Are we providing the value our members need today, and what will they need tomorrow?