OFFICIAL PUBLICATION OF THE NEBRASKA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS

Pub. 5 2023 Issue 1

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The Use of Kovel Letters in Nebraska

An attorney may need an accountant’s help to understand certain financial or tax problems that impact legal advice to a client. However, clients should be cautious when they seek the opinions of outside accounting experts if they hope to preserve the attorney-client privilege. Federal common law does not recognize an accountant-client privilege that protects communications […]

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Counselor’s Corner: Optimizing Your Client’s Farm Lease

Throughout the life cycle of farm and ranch operations, it is important to examine the business structures and tools used to meet owner objectives. When owners of closely held farms and ranches objectives adjust, their role in the operations may shift to other family members or to outside individuals taking over the day-to-day operation. This

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Closeup of Benjamin Franklin's face on the 100 Dollar bill showing the intricate details that make up the texture of the image.

State Board Resets Fees to 2014 Levels

The Nebraska Board of Public Accountancy, at its Sept. 9, 2022, meeting, approved a recommendation from its Executive Committee that permit and registration fees be returned to 2014 levels. The Executive Committee’s recommendation to return fees to 2014 levels, and the State Board’s subsequent approval, was based on information provided by staff, including projections regarding

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President’s Message: Advocacy Advances the Profession

The Nebraska Society of CPAs plays a vital role in advocacy—it’s one of the most important things we do. We spend a great deal of time getting to know legislators, building connections with the Nebraska Department of Revenue, cultivating our relationship with the team at the Nebraska Board of Public Accountancy, and engaging with leaders

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