Pub. 6 2024 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.

FORVIS, the eighth largest public accounting firm in the United States, and Mazars, a leading international audit, tax, and advisory firm, merged on June 1 to create a new, top 10 global network. The network will operate under a single brand worldwide, Forvis Mazars. With approximately $5 billion in revenue, Forvis Mazars will be a new

Ellie Bliemeister joined Labenz & Associates LLC as an associate in August 2023. She received a bachelor’s degree from Bellevue University in 2021 and a Master of Professional Accountancy from the University of Nebraska-Lincoln in 2023. Bliemeister assists with the preparation of federal and state income tax returns, fiduciary income tax returns, business valuations, and compilation

The times they are a-changing and, now, a new NASBA task force is examining how CPA licensure may need to change as well.

Artificial intelligence has transformed the way we live and work, offering immense potential for innovation and progress. However, as with any technology, AI also has its drawbacks. Emerging technology like deepfakes, which are AI-generated synthetic media that can convincingly manipulate or fabricate audio, video, and images, have rapidly gained popularity among cyber criminals as a

Parents, guidance counselors, and schoolteachers typically steer young students toward careers that offer job security, the ability to earn a competitive income, and careers that are in demand. On the other hand, students often find themselves looking for a career that delivers security and income but is also personally rewarding, offers flexibility, and is culturally in line with their values.

The Corporate Transparency Act (CTA) went into effect Jan. 1, 2024 and is designed to combat tax fraud, money laundering, and other illicit activities that may otherwise be hidden by anonymous company ownership. The legislation requires most entities formed or doing business in the United States, called “reporting companies” for purposes of the CTA, to report Beneficial Ownership Information (BOI) of the company and disclose information about who created or registered the business to the U.S. Department of Treasury Financial Crimes Enforcement Network (FinCEN).

The Society has made a donation to The Foundation of the Nebraska Society of Certified Public Accountants in memory of these individuals.

As an accountant, you know charitable giving can be an important part of an individual’s or family’s financial and estate plans. But it is also important to remember that charitable giving often plays a role in their professional lives as well. Many of your clients are company executives who want their company and employees to lean into charitable giving. That’s why it’s wise for you to be aware of the best practices in corporate giving.