S TAT E B O A R D R E P O R T OOPS! I FORGOT TO RENEW MY CPA LICENSE! BY DAN SWEETWOOD, NEBRASKA BOARD OF PUBLIC ACCOUNTANCY The Nebraska Board of Public Accountancy administers public accountancy law in Nebraska. Dan Sweetwood is executive director of the Nebraska Board of Public Accountancy. You may contact him at (402) 471-3595 or dan.sweetwood@nebraska.gov. You may also contact State Board Administrator Kristen VanWinkle at kristen.vanwinkle@nebraska.gov or State Board Business Manager Heather Myers at heather.myers@nebraska.gov. Hey, we all get busy and sometimes it is easy to set aside State Board email reminders to renew your active CPA license, inactive registration, or your CPA firm permit to practice. The goal of State Board staff is to assist during the licensing renewal period (from early May until June 30) by sending several reminders to you. Doing so has greatly decreased the number of non-renewals over the years! What happens if I miss the renewal period? If you miss the renewal period, your best course of action is to pick up the phone and call the State Board at (402) 471-3595 or email the State Board staff at kristen.vanwinkle@nebraska.gov or heather. myers@nebraska.gov to start the process. We will try to make it as painless as possible; however, there will be some pain! This includes a $250 administrative fee for active permit holders (CPAs) to return to good standing; this is above and beyond your regular licensing fees. Again, our goal is to get you back to good standing ASAP so you can remove this from your to-do list. It is important you make contact with the State Board office ASAP if you have not renewed based on several factors, including: • Your current permit to practice as a CPA in Nebraska is no longer in good standing. This could impact current engagements you are working on and possibly impact your status with other state boards and regulators. • Eventually, your name will be included in a national database indicating you are not in good standing in Nebraska. • After not renewing for three years, the State Board can implement provisions under the Nebraska Public Accountancy Act to administratively revoke your credentials after notice of a formal hearing. This can directly impact your ability to call yourself a CPA and some state boards will initiate action against you. Simply put, it is very important you remain in good standing with your State Board! If by chance you leave Nebraska and work elsewhere, State Board staff will work with you to provide your best options to remain in good standing in Nebraska or to relinquish your Nebraska credentials. Again, this will depend on your individual circumstances. Never hesitate to reach out to us if you have any questions regarding your CPA license in Nebraska. I S S U E 4 , 2 0 2 2 8 nebraska cpas
RkJQdWJsaXNoZXIy MTU2Mjk4Mw==