22 16 C O N T E N T S 8 ©2025 The Nebraska Society of Certified Public Accountants (NESCPA) | The newsLINK Group LLC. All rights reserved. Nebraska CPA is published six times per year by The newsLINK Group LLC for NESCPA and is the official publication for this association. The information contained in this publication is intended to provide general information for review, consideration and education. The contents do not constitute legal advice and should not be relied on as such. If you need legal advice or assistance, it is strongly recommended that you contact an attorney as to your circumstances. The statements and opinions expressed in this publication are those of the individual authors and do not necessarily represent the views of NESCPA, its board of directors or the publisher. Likewise, the appearance of advertisements within this publication does not constitute an endorsement or recommendation of any product or service advertised. Nebraska CPA is a collective work, and as such, some articles are submitted by authors who are independent of NESCPA. While a first-print policy is encouraged, in cases where this is not possible, every effort has been made to comply with any known reprint guidelines or restrictions. Content may not be reproduced or reprinted without prior written permission. For further information, please contact the publisher at (855) 747-4003. ISSUE 6, 2024 EDITORIAL: The Nebraska Society of CPAs seeks to reflect news and relevant information to Nebraska and other news and information of direct interest to members of the Nebraska Society of CPAs. Statement of fact and opinion are made on the responsibility of the authors alone and do not represent the opinion or endorsement of the Nebraska Society of CPAs. Articles may be reproduced with written permission only. ADVERTISEMENTS: The publication of advertisements does not necessarily represent endorsement of those products or services by the Nebraska Society of CPAs. The editor reserves the right to refuse any advertisement. SUBSCRIPTION: Subscription to the magazine, a bi-monthly publication, is included in membership fees to the Nebraska Society of CPAs. PRESIDENT’S MESSAGE 7 Investing in Nebraska’s Future Accounting Stars $128,950 in Scholarships Presented to 97 Nebraska College Students By Joni Sundquist, Nebraska Society of CPAs 8 Walt Radcliffe A True Legend in Nebraska’s Legislative Landscape 10 Potential Tax Changes Under the Trump Administration By Hannah Fischer Frey & Steve J. Koo, Baird Holm Law Firm 12 Nebraska Data Privacy Act By Maureen Fulton & Mikaela Witherspoon, Koley Jessen 14 Buying a Business 10 Things It Takes to Make the Leap By Accounting Practice Sales 16 Is Your Firm’s New Quality Management System on Target for December 2025? By the Association of International Certified Professional Accountants 22 2024-2025 NESCPA Scholarships 26 Congratulations, New CPA Certificate Holders! 28 2024 Award Winners 32 Honor Roll for the Foundation of the Nebraska Society of CPAs Thank You for Supporting Future CPAs! 34 100% Membership Firms 36 100% Membership Program Support the CPA Profession & Become a 100% Membership Organization Today! 37 Welcome New Society Members 38 Who Are Your Future Stars? Let’s Keep the Best & Brightest in Nebraska 39 Advertiser Index
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