Pub. 2 2020 Issue 4

Joni Sundquist is president and executive director of the Nebraska Society of CPAs. You may contact her at (402) 476-8482 or joni@nescpa.org. Advocacy Kicks Into High Gear In other news, your Society has been trying to move the needle from a legislative and regulatory standpoint to assist our members. Since the beginning of the crisis, we’ve been in contact with various elected and appointed state and federal officials, as well as the AICPA, on numerous matters, including: • Urging Sens. Sasse & Fischer to support legislation to clarify that the receipt and forgiveness of coronavirus assistance through the Paycheck Protection Program (PPP) does not affect the deductibility of ordinary business expenses; • Encouraging the Nebraska congressional delegation to request PPP loan forgiveness guidance from the Treasury Department and Small Business Administration; • Requesting the state of Nebraska to extend various tax filing and tax payment due dates, along withwaivers of penalties and fees; • Calling on the state of Nebraska to provide guidance concerning employees who are working remotely on a temporary basis due to COVID-19 and payroll withholding; • Asking the AICPA to provide best practices for CPAs acting as PPP agents and receiving payment for SBA PPP loan services; and • Requesting Governor Ricketts to include the accounting profession within the list of essential workforce. We also partnered with the Nebraska Board of Public Accountancy and the Nebraska Secretary of State’s office to encourage CPAs to serve as poll workers for the May 12 Primary Election. Communication Revs Up In addition to our bi-monthly Nebraska CPA magazine, we’ve been busy providing youwithNESCPANews Updates on at least a weekly basis to ensure you have links to the most relevant resources and informationas our nationandour state respond to theCOVID-19crisis. As we all look forward to a post-pandemic future, we welcome your feedback and hope this issue of Nebraska CPA will provide you with thoughtful information on a variety of important issues impacting the accounting and finance profession. Thank you for your continued loyalty. We value you and your membership, and recognize the strength of our Society begins with you. Semper ad meliora. t As we all look forward to a post-pandemic future, we welcome your feedback and hope this issue of Nebraska CPA will provide you with thoughtful information on a variety of important issues impacting the accounting and finance profession.