Pub. 4 2022 Issue 5

The Society Mourns The Loss of Members Gary L. Chramosta1942-2021Nebraska Certificate #1234Member Since 1994Society Certificate #0885 Mark S. Eldridge1961-2022North Carolina Certificate #15690Member Since 2014Society Certificate #5890 The Society has made a donation to The Foundation of the Nebraska Society of Certified Public Accountants in remembrance of Gary and Mark.

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.

With decades of dedicated service and outstanding leadership within the profession and the business community, Lawrence R. “Larry” Kopsa is being honored as the recipient of the Society’s 2022 Distinguished Service to the Profession Award.

In recognition of her outstanding ability to educate and care for accounting students at the University of Nebraska-Lincoln, the Nebraska Society of CPAs is honored to recognize Kathryn C. “Kay” Maresh as the 2022 recipient of the Society’s Outstanding Accounting Educator Award.

In an effort to recognize his numerous years of outstanding civic and professional involvement, Robert H. “Bob” Berger of Omaha is being honored as the recipient of the Society’s 2022 Public Service Award.

Today, nearly half of the Society’s current members do not practice public accounting but instead have careers as educators, in government, or in a variety of capacities in business and industry in Nebraska. One of those outstanding Society members is
Douglas A. “Doug” Ewald, who is the recipient of the Society’s 2022 Outstanding CPA in Business and Industry Award.

So, you are ready to sell your practice, but how are practices sold? This is one of many questions our prospective sellers have on their mind as they approach the daunting idea of putting their firm on the market. Today, accounting and tax practices are sold in multiple ways and, with the help of APS, you have options to help you find the most value for your business. As you will learn in this article, the premium offered to the seller lies within the deal terms themselves.

Surprises may be great for a birthday, but rarely are they great in business. One significant, unwanted surprise when it comes to state taxation concerns the concept of nexus. Having nexus in a state—unexpectedly—often leads to costly results.

Nebraska Practices for Sale: Gross Shown Lincoln, NE CPA $500K Columbus, NE CPA $525K Central Nebraska Tax and Accounting $1.05M New listings coming soon! For more information, call (800) 397-0249 or visit www.APS.net. THINKING OF SELLING? Accounting Practice Sales is the leading marketer of accounting and tax practices in North America. To learn more about

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