News Updates

"We will not be able to tax or cut our way to prosperity," says Sen. Jacobson. "We must grow our tax base. We need more people, more high-paying jobs, and more infrastructure to support growth."

A pair of budget bills in the Nebraska Legislature officially moved toward floor debate, but lawmakers still must close a projected budget deficit that is larger than it appears.

CPA decision-makers are more optimistic about the U.S. economy and their own organizations in the first quarter of this year, according to the AICPA and CIMA Economic Outlook Survey.

While bigger refunds will grab attention this filing season, the temporary provisions driving the surge aren't why the law is expected to boost the economy. The real growth impact comes from permanent reductions in marginal tax rates that increase incentives to work and invest over the long term.

Despite extreme market volatility last year – especially in the spring of 2025 – the average 401(k) balance rose by 11% to $146,100, according to new data from Fidelity Investments, which analyzed nearly 25 million accounts.

A new economic forecast effectively doubled the size of Nebraska’s projected deficit from what state lawmakers had reduced it to so far this legislative session.

The U.S. Chamber of Commerce recently released a special Tariff Update to outline what the recent Supreme Court decision on tariffs means for business costs, supply chains, pricing and long-term planning.

For many years, a bachelor’s degree combined with meaningful professional experience was the foundation of CPA licensure. For the past 35 years, however, individuals have been required to have 150 total credit hours or a master's degree to become a CPA. While well-intentioned, that requirement created financial and time barriers for many capable students. LB 718 restores balance.

New legislation can quickly change how CPAs advise families, especially when it introduces an entirely new type of savings and investment vehicle for children. That’s what H.R. 1, P.L. 119-21, also known as the One Big Beautiful Bill Act, did with the creation of Sec. 530A “Trump” accounts.

Only 29 days left in the Legislative Session - 26 days remain to get bills advanced through the three stages of debate.

Just over 100 business associations have urged Treasury to destroy beneficial ownership information (BOI) records that domestic companies no longer must file, saying the retention of the records no longer serves a legitimate purpose.

An update on the Society's Alternative Pathways bill.

A tough-on-China law championed by Gov. Jim Pillen and approved last year by the Legislature threatens to blow a hole into state incentive programs that for decades have been a bedrock of state business recruitment efforts.

A new state law that passed last year now threatens the state tax incentives of Nebraska’s most global companies, because they do business in China.

Nebraska has more than $1.4 billion in the bank and the highest credit rating in our history.

As of January 1, 2026, 22 states have no meaningful nonresident filing threshold, requiring most nonresidents to file an individual income tax return if they spend even a single day working in the state.

Nebraska Gov. Jim Pillen’s mid-biennium budget proposal drew no supporters at a public hearing Monday, with many testifiers sharing concerns about the governor’s continued reliance on cash fund sweeps to balance a projected deficit.

Commentary from former State Senator and former State Treasurer Tom Briese: Rural Nebraska must stay vigilant to happenings in Lincoln. Without vigilance, there will be efforts to throw some of us under the bus. One such effort in the Nebraska Legislature could be Legislative Bill 1038.

As a former state senator and chair of the Appropriations Committee, John Stinner said he is perplexed by the continuous discussion regarding our state’s “budget crisis.”

With staffing levels dropping, budgets shrinking, and a massive new tax law to implement, the IRS faces a 2026 filing season that two federal oversight bodies say could strain the agency’s ability to serve taxpayers.