EXPLORING NEW PATHWAYS TO CPA BY JONI SUNDQUIST, NEBRASKA SOCIETY OF CPAS PRESIDENT’S MESSAGE WHILE “BUSY SEASON” FOR CPAS HAS COME AND GONE, summertime at the Nebraska Society of CPAs is one of your organization’s busiest seasons. CPE is full throttle ahead and our Fall Conference and Annual Meeting are just around the corner. Several busy, exciting months lie ahead! At the Nebraska Society of CPAs, we pride ourselves on finding solutions to your concerns and problems. This might mean seeking a legislative or regulatory solution to assist CPA candidates in our state—see the State Board Report on page 8 to learn about our latest initiatives alongside the Nebraska Board of Public Accountancy. Another time, it’s pulling together a group of CPAs to provide input to the Nebraska Department of Revenue on a new form or process—see page 16 to learn about the new Pass-Through Entity Tax (PTET) legislation. Volunteers from your Society have been collaborating with the Department of Revenue on the new PTET forms, which have recently been released. Other times, it’s quickly developing a CPE course on an emerging issue, or publishing an article on a legal matter, or participating in a research study that might result in new strategies, or pursuing a new business partnership to provide you discounted products and services. The Society is continually working for you and your profession. Whatever your concerns or problems may be, our focus is unwavering: “Every member. Every day.” Like nearly every other profession today, the CPA profession is not immune to the demographic drivers of change in today’s world. Whether you pine for the past or eagerly embrace the future, it's undeniable that the world around us is in a constant state of transformation. “Around the world and in every corner of the United States, we are in the midst of an unprecedented demographic transformation,” said Dr. James H. Johnson, Jr. during a recent AICPA Town Hall. Johnson, a demographic expert and professor of strategy and entrepreneurship at the University of North Carolina at Chapel Hill, described today’s “demographic gale force wind gusts,” which include declining labor force participation, slowing population growth, and dropping fertility rates, among others. He talked about how these demographics are transforming how we work and live. Given these trends, it’s no surprise that the availability of skilled personnel is now the No. 1 challenge leaders face, as identified by the AICPA’s new quarterly Business and Industry Economic Outlook Survey, which polls CPA decision-makers—primarily CFOs, CEOs, and controllers. In addition to workforce challenges, globalization and technological advancements are reshaping all aspects of our world—the CPA 6 Nebraska CPA
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