Pub. 3 2021 Issue 2

M A R C H / A P R I L 2 0 2 1 4 nebraska cpas 18 14 C O N T E N T S 8 ©2021 Nebraska Society of Certified Public Accountants | The newsLINKGroup, LLC. All rights reserved. The Nebraska CPA is published six times each year byThe 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 beenmade 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. MARCH/APRIL 2021 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. 6 PRESIDENT’S MESSAGE: SPRINGING FORWARD TO A GREATER FUTURE BY JONI SUNDQUIST, NEBRASKA SOCIETY OF CPAs 8 STATE BOARD REPORT: LOOKING BACK, FORGING AHEAD BY DAN SWEETWOOD, NEBRASKA BOARD OF PUBLIC ACCOUNTANCY 10 NEBRASKA TAX PLANNING OPPORTUNITIES: ADDING VALUE FOR YOUR CLIENTS BEFORE AN AUDIT BY NICK NIEMANN AND MATT OTTEMANN, MCGRATH NORTH 14 COUNSELOR'S CORNER: CONTINUED REMOTE WORKING MAY RESULT IN UNINTENDED STATE TAX CONSEQUENCES FOR EMPLOYERS BY JEFF SCHAFFART AND NICHOLAS BJORNSON, KOLEY JESSEN 16 CPA INSIDER: ADVISING PRESIDENT BIDEN ON ESTATE AND GIFT TAX PROPOSALS BY SHARON KREIDER, CPA 18 MEMBER SPOTLIGHT: GEORGE BEHRINGER 20 DID COVID THROW YOU INTO A SINGLE AUDIT? BY MARK PRIEBE, AND AMY BALES, NON-FEDERAL AUDIT TEAM, U.S. DEPARTMENT OF EDUCATION OFFICE OF INSPECTOR GENERAL 23 CLASSIFIEDS 24 MEMBERS IN THE NEWS 25 IN MEMORIAM