Pub. 3 2021 Issue 4

9 nebraska society of cpas W W W . N E S C P A . O R G When applications are submitted online much of the process is automated, which results in you receiving your renewed permit faster. 800-397-0249 www.APS.net Trent Holmes Trent@APS.net IF YOU ARE READInG THIS... So Is Your Buyer! CONNECTING MORE SELLERS AND BUYERS If you have questions about the permit renewal process or cer tif icates of regi s tration, contac t Kr i s ten VanWinkle, administrator for the Nebraska Board of Public Accountancy, at (402) 471-3595 or kristen.vanwinkle@nebraska.gov . could be an option. In any case, please contact the State Board office to discuss which option is best for you. Q: I work in private industry and don’t practice public accountancy, can I still have an active permit to practice? A: Yes, having an active permit to practice is not dependent on where you work. As long as you complete the required CPE and pay the permit fee, you can continue as an active permit holder. Q: If I am doing tax returns for my friends and family and signing the returns as a CPA, do I need to register as a CPA firm? A: Yes, it is recommended that you at least register as a Sole Proprietor. One final theme I’d like to address is the difference between a firm permit to practice and a certificate of registration for professional corporations and limited liability companies. For some firms, renewal of both occurs at the same time and can be confusing. • The firm’s permit to practice expires every year on June 30 and requires renewal with the State Board. This permit allows the firm to practice public accountancy in Nebraska. • A certificate of registration is a requirement of the Nebraska Secretary of State and needs to be sent to the Secretary of State’s office within 30 days of the expiration date in which the firm’s Articles of Incorporation were filed. This certificate, which the firmwill need to request from the State Board, tells the Secretary of State that the firm meets the requirements for licensure to practice public accountancy inNebraska. The State Board sends a reminder to firms to request a certificate of registration one month prior to when it is due to the Secretary of State. t