26 22 C O N T E N T S 12 ©2024 Nebraska Society of Certified Public Accountants | The newsLINK Group LLC. All rights reserved. The Nebraska CPA is published six times each year by The 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 been made 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. ISSUE 3, 2024 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. PRESIDENT’S MESSAGE 8 No Slowing Down Transformation of the Profession, Workplace & Technology Continues By Joni Sundquist, Nebraska Society of CPAs 10 Here to There: Successful Transitions By Accounting Practice Sales COUNSELOR’S CORNER 12 Tax Tip: Nonqualified Deferred Compensation Red Flags By Peter Langdon, Koley Jessen 14 2024 NESCPA Course Calendar 16 Corporate Philanthropy A Guide for Certified Public Accountants By Sunni Kamp, Omaha Community Foundation 17 In Memoriam 18 The Corporate Transparency Act Why Reporting Companies Shouldn’t Wait to File in the Wake of CTA Challenges By Kaitlyn E. Mattox‚ Katie L. Kalkowski & Hannah Fischer Frey, Baird Holm LLP 22 Why Aren’t There Enough CPAs in the Pipeline— and What Can We Do About It? By Lexy Kessler‚ CPA‚ CGMA, National Pipeline Advisory Group 24 Accounting Employer Checklist 26 AI Can Be a Weapon for Hackers What Businesses Should Do By Matthew P. Miller, Principal, Advisory, Cyber Security Services, KPMG 29 NASBA Task Force Considers New Path to Licensure By Natalie Rooney 32 Members in the News 33 Firms in the News 34 Welcome New Society Members 35 2024 NESCPA Advertiser Index
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