OFFICIAL PUBLICATION OF THE NEBRASKA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS

Pub. 5 2023 Issue 3

5 by 4 Collage of square images of peoples faces. Faces are of old and young people of multiple races and ethnicities.

Welcome New Society Members

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. CPA Membership Vanesa Salcido Barraza, Eide Bailly LLP, Elkhorn Emily Bowhay, RSM US LLP, Omaha Lisa Craig, Contryman […]

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Where Are Your CPAs Going, Exactly? – It’s time for CPA firms to make becoming partner less of a mystery and unveil clear career paths for their staff.

In my years of working with CPA firms on talent development, few topics are as cloaked in mystery as “the path to partner.” Now, that’s not to say that some firms haven’t mapped the path out and shared it with their high potential staff. But, even then, the “map” itself has often been protected. The

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Donor Advised Funds & Private Foundations: Questions to Ask Clients Interested in Charitable Giving

What is the best giving vehicle to accomplish your client’s goals? Two popular choices are private foundations and Donor Advised Funds (DAFs). Both offer tax advantages and options to create succession plans to continue philanthropic efforts after donors’ lifetimes. There are benefits to both models, but they differ structurally and operationally. Donor Advised Funds DAFs

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State Tax Briefing: 2023 Nebraska Tax & Incentive Legislative Update – Nebraska Makes a Move to Improve Its Competitive Business Climate

In our “Nebraska Business Expansion Decision Guide,” we identified the 22 state and local site selection features most commonly considered by companies when deciding where to locate or expand a business. These 22 features collectively establish the framework for a state’s business climate. While this year’s Nebraska legislative session was memorable for a number of

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What Can We Expect From GASB in the Second Half of 2023?

In this article, I will talk about some of the key things the Governmental Accounting Standards Board is working on and what’s on the horizon for the GASB. But before I do, there’s a matter of concern I would like to address. State and local governments are dealing with significant resource challenges, including workforce shortages.

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Counselor’s Corner: Recent Updates to Nebraska Inheritance Tax Laws

Effective Jan. 1, 2023, last year’s passage of Nebraska’s LB310 resulted in various changes to Nebraska’s inheritance tax laws. These changes include adjusted tax rates and exemptions, a slightly adjusted classification of beneficiaries, and a new reporting requirement. The purposes of this article are to provide some background on Nebraska inheritance tax and to summarize

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