26 18 C O N T E N T S 11 ©2025 Nebraska Society of Certified Public Accountants | The newsLINK Group LLC. All rights reserved. The Nebraska CPA is published six times each year by The newsLINK Group LLC for the Nebraska Society of Certified Public Accountants and is the official publication for this society. 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 the Nebraska Society of Certified Public Accountants, 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 the Nebraska Society of Certified Public Accountants. While the Nebraska CPA encourages a first-print policy, 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 1, 2025 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 Embrace a Year of Purpose By Joni Sundquist, Nebraska Society of CPAs STATE BOARD REPORT 10 Nebraska Leads Nation in CPA Exam Performance By Dan Sweetwood and Kristen VanWinkle, Nebraska Board of Public Accountancy STATE TAX BRIEFING 11 Navigating the Complexities of State Residency Critical Steps to Avoid Disputes By Nick Niemann and Matt Ottemann, McGrath North Law Firm COUNSELOR’S CORNER 14 The Death Tax Repeal Act of 2025 What You Need to Know By Kate Hughes and Haley Faust Leise, Koley Jessen 15 Updates to Nebraska’s Convenience of the Employer Rule By Hannah Fischer Frey, Morgan Kreiser and Carrie Schwab, Baird Holm Law Firm 18 Having Your Cake & Eating It Too Why Keeping Clients May Be Bad By Accounting Practice Sales 20 Bridging Generations By the Omaha Community Foundation 21 Getting Picked for PE By the National Association of State Boards of Accountancy (NASBA) 26 Celebrating a Legacy of Dedication Honoring Our Longstanding Members 29 Welcome New Society Members 30 Members in the News 32 Firms in the News 33 In Memoriam 33 Join Us for the Nebraska Society of CPAs Business, Industry & Innovation Conference April 29, 2025 34 2025 NESCPA Advertiser Index
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