Plus, $61,000 for a parrot?
MNCPA
MINNESOTA SOCIETY of
CERTIFIED PUBLIC ACCOUNTANTS
Public Practice eNews
MAY 2018
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Minnesota Board of Accountancy (BOA) Alert
Here are three things you should know:

1.  The current CPE year ends June 30. Make sure you earned 120 CPE and 8 ethics credits. Learn more
Don't miss the deadline!
2.  New CPE rules went into effect on Jan. 9, 2018. Be aware of their immediate impact on allowable CPE delivery formats and fields of study. Learn more

3.  The MNCPA CPE Log was updated to reflect the BOA rule changes. Verify your data converted correctly. Access your CPE Log
Exclusive MNCPA content
Building meaningful value propositions for prospective clients
Art Kuesel, Kuesel Consulting, Inc.
How do you stand out from competitors when potential clients are looking into your firm? If the answer is the same as it's always been, it's time to find new ways to differentiate your business.

Hear more about this -- and many other business-building strategies -- covered in depth at the MNCPA Business Development Academy starting July 25.
$61,000 for a parrot? Estate planning for pets
Bank Investment Consultant
For the love of furbabies, this niche -- and lucrative -- market might have you sitting up and wagging your tail.
Exclusive MNCPA content
The power of conversations
Mary Schmid
Conversations go deeper than just information shared. They can make or break trust with your clients and co-workers. If you aren't being heard or are misunderstood, you may not be communicating effectively.

Mary Schmid wraps up the Estate & Personal Financial Planning Conference, June 28 - 29, with a keynote session on the Neuroscience of Conversations That Build Trust.
Exclusive MNCPA content
Amending irrevocable trusts
Ryan Prochaska, JD, Chestnut Cambronne PA
Even with the best laid plans, sometimes unforeseeable circumstances arise. Here's how to modify an irrevocable trust under the Minnesota Trust Code.
How to respond when you're put on the spot in a meeting
Harvard Business Review
You're in a client meeting talking 2018 taxes, and they ask a question about the new tax law that stumps you. How do you respond? Here are tips to take to your next meeting.
Americans' financial satisfaction hits high mark
Journal of Accountancy
Even with so many tax reform revisions and recent stock market volatility, Americans feel positively about their financial situations. See how high the AICPA's Personal Financial Satisfaction Index climbed.
IRS seeks recommendations for 2018 - 2019 Guidance Priority list
Thompson Reuters
Make your insights known to the IRS by submitting recommendations for the 2018 - 2019 Guidance Priority List. Each year, this list is used by the IRS to detect and prioritize tax issues needing discussion and guidance.
2018 tax burden by state
WalletHub
Where does Minnesota rank for the highest -- or lowest -- tax burden by state? Check out how all states fared.
Sponsored Content
West Bend Logo Do you have a new graduate?
West Bend Mutual Insurance
In a few short weeks, many students will put on their caps and gowns and celebrate graduation. With all the changes graduates will experience, figuring out what they need for insurance coverage can be tricky. Here's how to help them navigate this process.
The best time to buy airline tickets
Forbes
Last minute. Months out. Thursdays. When really is the best time to buy a ticket to paradise? Well, it depends.
Legislative Loop
DOR seeking feedback on new beta tax rate locator
The sales tax rates aren't always obvious, and this can lead to errors and penalties. The Minnesota Department of Revenue has created a mapping tool to help identify a sales tax rate based on a physical location, allowing you to see what state, county, city and special district taxes apply. The DOR is looking for your feedback, so take it for a test drive before comments close May 18.

Check out the mapping tool before May 18
Public Service Award
They did what!?
Nominate a CPA for the Public Service Award!
Do you work with someone with a knack for giving back? Maybe that someone is you! Either way, consider submitting a nomination for the MNCPA Public Service Award. Winners are recognized in Footnote, the Minneapolis/St. Paul Business Journal and at the Celebrate CPAs Awards Luncheon.
Nomination deadline: June 15
Nominate a CPA today!
MAP survey
Benchmark your firm with the MAP Survey
Is your firm competitive when it comes to attracting new clients? How about recruiting and retaining top talent? In this high-stakes market, ensure your firm is on par with the competition. Participate in the National MAP Survey and benchmark you firm against similarly-sized firms in Minnesota.
Participate in the survey
Instructor Development Program
Could you be our next new CPE instructor?
The MNCPA seeks subject matter experts who are ready to inspire, engage and teach others in a CPE setting. Are you a contender for the Instructor Development Program? Apply by Friday, June 22.
Did You Know?
49%
Of U.S. employers are making changes that will substantially affect employee benefits, compensation or executive pay programs due to the Tax Cuts and Jobs Acts.
Source: Willis Towers Watson
Practices for Sale
CPA practice for sale in southeast Minnesota
Growth of 10 percent per year
North metro CPA firm for sale
$700,000 revenue annually
Do you have an open position? A firm for sale? A volunteer opportunity?
Submit a classified ad to the MNCPA.
MNCPA Academies Logo MNCPA Academies
Sometimes one course is enough to meet your needs. For other skills, a one-and-done approach won't cut it. That's where MNCPA Academies come in.

Business Development Academy
Uncover practical ways to bring in more business and more revenue, now and for the rest of your career.

NEW! Leadership Academy
Enhance the skills and confidence needed to be the capable leader you know you can be.

Secure your seat early -- space is limited.
CPE for Public Practitioners
JUN
1
Annual Update and Practice Issues for Preparation, Compilation and Review Engagements
AICPA member discount
8:30 a.m. - 4:30 p.m. | Bloomington | 8 CPE
JUN
6
The Best S Corporation, Limited Liability and Partnership Update
8:30 a.m. - 4:30 p.m. | Bloomington | 8 CPE, 8 IRS CE
JUN
12
Ethics Update for the CPA: In-Depth
8:30 a.m. - 4:30 p.m. | Bloomington | 8 CPE, 8 Ethics
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Minnesota Society of Certified Public Accountants
1650 W. 82nd St., Suite 600, Bloomington, MN 55431
(p) 952-831-2707       (f) 952-831-7875
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