Pub. 3 2021 Issue 6

11 nebraska society of cpas W W W . N E S C P A . O R G 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 Marcy Luth, CPA, PFS, CMA, CFM, CGFM, is a shareholder at AMGL, PC in Grand Island. She presently serves as chair of the Nebraska Board of Public Accountancy. The State Board is the regulator of our profession; it grants (and can take away) CPA licenses. The Society assists its members in the professional practice of both public and private accounting, promoting our profession through education and other initiatives. The State Board collaborates with the Society onmatters of mutual interest such as proposed legislation. If you are interested in getting involved in the Society, please reach out to Joni Sundquist or Kelly Ebert at the Nebraska Society of CPAs office at joni@nescpa.org or kelly@nescpa.org , respectively. If you are interested in serving on the State Board, go to the governor’s website at https://governor.nebraska.gov/board- comm-req to complete an application. The governor makes direct appointments to the State Board for four-year terms. As we move into 2022, I also want to update you on a few State Board activities, as follows: • The State Board will continue to work with the Society on movement of a legislative bill to remove the physical ownership requirement for CPAs. I had the opportunity to participate on the task force that reviewed and recommended the change. We think this will assist in small firm succession issues and align us with our neighboring states’ requirements. • The State Board also continues to monitor anti-regulation initiatives within the Legislature that could affect our profession’s requirements. We will work closely with the Society on this issue and will be prepared to address any initiatives that might harm our great profession. • The State Board continues to provide input and monitor the CPA Evolution project being led by NASBA and the AICPA. The changes to the Uniform CPA Examination will be significant, and the State Board will continue to address any regulations and changes in Nebraska needed to move this initiative forward. Please take care during the upcoming tax season and never hesitate to reach out to our office and staff if you have any questions and/ or concerns at (402) 471-3595 or at dan.sweetwood@nebraska.gov . You can also reach out to me directly at mluth@gicpas.com. t