22 19 C O N T E N T S 12 ©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 3, 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 8 Advocating for the Profession on Capitol Hill Legislative Wins Follow Congressional Visits By Joni Sundquist, Nebraska Society of CPAs 10 2025 NESCPA Course Calendar 12 How CPAs Can Protect Their Aging Clients By Chris Camara 14 Help Clients Save on Taxes and Higher Education Costs With NEST 529 16 Better Business, Better Communities Understanding Commercial Co‑Ventures & State‑Specific Compliance Obligations By Hannah Fischer Frey, Katie Kalkowski & Connor Oldenburg, Baird Holm LLP COUNSELOR’S CORNER 19 Sham Trusts When It’s Too Good to Be True By Clark Youngman & Nate Patterson, Koley Jessen 21 Unlocking Philanthropic Potential A Guide to Donating Complex Assets By Vanessa Denney, Omaha Community Foundation TRANSFORMATION TRENDS 22 Ditch the Ladder, Climb the Jungle Gym Rethinking Career Paths in Accounting By Donny Shimamoto, CPA, CITP, CGMA, Intraprise TechKnowlogies LLC 24 Financing an Accounting Practice By Accounting Practice Sales 26 Political Education Committee Shaping the Future of the Profession 27 PEC Myths BUSTED 28 Members in the News 29 Welcome New Society Members 29 In Memoriam 30 CPE Catalog & Events 30 2025 NESCPA Advertiser Index ON THE COVER: Past NESCPA Chairman and AICPA Elected Representative Lori Egger, NESCPA Chairman Brian Klintworth, and NESCPA Chairman-Elect Jodi Eckhout attended the AICPA Spring Council Meeting and met with Nebraska's congressional delegation on Capitol Hill.
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