Pub. 5 2023 Issue 4

On May 31, 2023, Governor Jim Pillen signed LB754 into law. Among other changes, LB754 adds a retroactive to 2018 Nebraska pass-through entity tax, or PTET, law. By way of background, the Tax Cuts and Jobs Act of 2017 generally limits the amount of state and local taxes that taxpayers can annually deduct from their […]

The 2023 edition of a longtime Society publication, Nebraska School Districts Auditing & Reporting Reference Manual, is available through the Society for $40, plus tax and shipping. This year’s guide has been updated by members of the Society’s Governmental Accounting and Auditing Committee, coordinated by Marcy Luth of AMGL PC in Grand Island and Julie

The Investment Tax Credit (ITC), embodied in Section 48 of the Internal Revenue Code (IRC), provides a substantial financial incentive designed to stimulate investment in renewable and clean energy. The ITC encourages potential investors to partake in the installation of renewable and clean energy systems, thereby promoting environmentally sustainable practices in the United States. The

Maintaining a thriving accounting or tax practice hinges on effective client retention. While that is certainly true after the purchase of a practice, it applies to established practices as well. All firm owners must be able to retain clients to survive and thrive. In the day-to-day operation of a practice, there is no guarantee clients will keep returning

A CPA Exam Task Force, consisting of leadership from both the Nebraska Board of Public Accountancy (State Board) and the Nebraska Society of CPAs, was formed earlier this year to explore changes that may be needed to keep students progressing to licensure within Nebraska. During meetings this past spring, the Task Force considered a course

While “busy season” for CPAs has come and gone, summertime at the Nebraska Society of CPAs is one of your organization’s busiest seasons. CPE is full throttle ahead and our Fall Conference and Annual Meeting are just around the corner. Several busy, exciting months lie ahead! At the Nebraska Society of CPAs, we pride ourselves