Pub. 2 2020 Issue 4

9 nebraska society of cpas W W W . N E S C P A . O R G registration number. An Inactive Registrant cannot practice public accountancy within Nebraska. Active CPAs can be verified on the Nebraska Board of Public Accountancy’s website at https://www.nebraska.gov/nbpa/search. Please keep the following status descriptions in mind: Certificate Holder • “Passed the CPA Exam” for use on resumes only • Cannot practice public accountancy • Cannot hold out using the title CPA Permit Holder • May use the title “CPA” • May practice public accountancy Inactive Registrant • Cannot practice public accountancy • Cannot hold out as a CPA • Must use t he disclaimer: “CPA (Inactive Registrant)” CPE Hours to Renew a Permit CPE hours required for renewal of your permit to practice equal 80 hours over two years, including four hours of ethics. Do not confuse the required 80 hours over two years with other derivatives such as 40 hours per year, or with 20 hours of self-study. Ethics hours may be taken in small increments, not all in one four-hour block. CPE must be reported by January 31 each year. CPE reporting is available throughout the year by using the “CPE Online Reporting” feature at http://www. nbpa.nebraska.gov. Please refer to the most recent edition of the CPEGuidelines on the NBPA website for specific requirements. From Inactive Registrant to Active Permit Holder There is a reinstatement application p roce s s to move f rom an i nac t ive registrant to an active permit holder. The application should be submitted to the NBPA office when all required hours are completed. Reinstatement from inactive registrant to active permit holder requires communication with the NBPA office. Based on your birth year, your licensing period does NOT change, and affects the years for CPE reinstatement reporting. Reinstatement requires careful timing, and State Board staff will be happy to assist you through the process. Please do not try to submit CPE hours online if you are “inactive.” You must keep track of those hours to submit with your reinstatement application. Changing Address or Employment Title 288 Rules Chapter 5 §007.06 state, “Each certificate holder shall notify the Board in writing (or via the Board’s website) within 30 days of any change of address or change of employment.” There’s a Difference The Neb r a s k a BOARD of Publ ic Accountancy (i.e., StateBoard) is a regulatory agency—think “permits.” The Nebraska SOCIETY is a membership organization— think “CPE.” Often people change their contact information with one organization and not the other. Please be sure to change your information with BOTH entities! t Dan Sweetwood is executive di- rector of the Nebraska Board of Public Accountancy. You may contact him at (402) 471-3595 or dan.sweetwood@nebraska.gov . 800-397-0249 www.APS.net Trent Holmes Trent@APS.net STARTING your practice? GROWING your practice? SELLING your practice? Whatever stage you’re in... Our Best-in-class Brokers will help you achieve YOUR goal! $1 Billion+ in Deals Closed