MNCPA Perspectives Archive

Is your CPE reporting compliant with new BOA rules?
May 24, 2018  |  By Stephanie Schmidt
We all have things that are precious to us that we do our best to preserve and protect. Things like family, good friends and incredible memories. And... Read more
PRIMA year 2: Getting better
May 15, 2018  |  By Faye Hayhurst, CPA
It was August 2017 at the annual AICPA Peer Review Conference, and there seemed to be a word on everyone’s lips. It was muttered usually in... Read more
Be prepared
May 10, 2018  |  By Geno Fragnito
Be prepared. It’s the beginning of a statement that can be completed with infinite endings and apply to anything in life. It’s no coincidence these... Read more
Your write to learn
May 1, 2018  |  By Lynn Kletscher
The blank page stares back at me, demanding to know what’s on my mind. Profound words of wisdom? Deadlines? Lunch? Nope. I sit at my desk... Read more
Embracing transitions
Apr. 30, 2018  |  By Linda Wedul
It’s transition time at the MNCPA. Not only is it spring, it’s also the beginning of our fiscal year. We are shifting from planning events and... Read more
Familiarity: Threat or benefit?
Apr. 19, 2018  |  By Faye Hayhurst, CPA
Is familiarity a good thing or a bad thing? The correct answer is both “yes” and “no.” As with so many things, it all depends on the situation.... Read more
What you need to know about 2018 tax changes
Apr. 5, 2018  |  By Carolyn LaViolette
Congratulations! You finished your 2017 taxes, and now you don’t have to think about taxes again until next year, right? Wrong. Since the Tax... Read more
Engage, contribute to the policy discussion and support the profession
Apr. 3, 2018  |  By Geno Fragnito
Work, children, grandchildren, church, hobbies, volunteering -- so many things competing for the precious, limited time we have. Yet, many people... Read more
Legislators want to hear from you
Mar. 23, 2018  |  By Linda Wedul
Government relations -- wait, don't stop reading!All kidding aside, we know that when we talk about government relations, most MNCPA members tune... Read more
Tips for retirement planning at any age
Mar. 21, 2018  |  By Carolyn LaViolette
Planning for retirement can be intimidating and confusing, especially to those just starting. Working with a certified public accountant (CPA) and... Read more
Wrestling with college funding
Mar. 13, 2018  |  By Faye Hayhurst, CPA
Doing what’s best for our children -- can we all agree this is a high priority for most parents? Of course, “what’s best” is up for debate, and... Read more
From permits to press: Remembering why you're a member
Mar. 6, 2018  |  By Stephanie Schmidt
I’m coming up on my 14-year work anniversary at the MNCPA (I clearly started when I was 16). Joking aside, this past year has been one of the most... Read more
5 things you need to know about tax-related identity theft this season
Feb. 27, 2018  |  By Carolyn LaViolette
Tax-related identity theft remains a major thorn in the side of Americans, with the IRS preventing 787,000 fraudulent returns in 2016, the most... Read more
Invest in YOU
Feb. 26, 2018  |  By Lynn Kletscher
There is no YOU on the New York Stock Exchange. But maybe there should be. Companies invest thousands (if not millions) of dollars in product... Read more
The power of personal connections
Feb. 19, 2018  |  By Linda Wedul
Networking is hard for me. It doesn't come naturally. I marvel at people who can converse on a wide range of subjects and easily form connections... Read more
Your once-in-a-generation opportunity to shape legislation
Feb. 14, 2018  |  By Geno Fragnito
I'm sure everyone holding a CPA certificate has, at some point in their career, faced some uncertainty with a tax or business matter. I also know... Read more
BOA rule change affects peer review for new firms
Feb. 6, 2018  |  By Faye Hayhurst, CPA
Revised administrative rules were published by the Minnesota Board of Accountancy (BOA) on January 10, 2018. The most significant changes have to do... Read more
Show me the love (in the way I prefer)
Jan. 29, 2018  |  By Stephanie Schmidt
Several months ago, I talked about the importance of recognizing people for their hard work. I was reminded this week that it’s equally as... Read more
Taxing professional services: The more things change, the more they stay the same
Jan. 23, 2018  |  By Geno Fragnito
2017 brought significant changes to politics: President Trump, tax reform, and uncertainty with international relations. What will happen in 2018 is... Read more
New year, new CPE rules
Jan. 16, 2018  |  By Lynn Kletscher
It’s out with the old and in with the new. Effective Jan. 9, 2018, Minnesota’s new CPE rules expand on the types of delivery formats accepted, and... Read more
Finding the opportunity in the unknown
Jan. 8, 2018  |  By Linda Wedul
In December, I celebrated my 27-year anniversary at the MNCPA. When I think about how long that is, I think I should know so much more than I do.... Read more
Don't overlook these 5 new tax benefits when filing your 2017 Minnesota tax return
Jan. 2, 2018  |  By Carolyn LaViolette
With the first day to file taxes a few weeks away, individuals and businesses are beginning to prepare for the season.... Read more
Reflecting on an icon
Dec. 18, 2017  |  By Faye Hayhurst, CPA
On Dec. 6, the CPA profession lost an icon -- Howard Guthmann, formerly of the Wilkerson Guthmann CPA firm in Arden Hills. Howard was 95, and had... Read more
Perception isn't always reality
Dec. 11, 2017  |  By Stephanie Schmidt
When you tell someone you’re a CPA, what’s their response? Do they gasp in anticipation and excitement, or do their eyes gloss over as they slowly... Read more
Make your year-end list (and check it twice)
Dec. 5, 2017  |  By Geno Fragnito
As 2017 draws to a close, you may find yourself asking, “Where did the year go?” There’s limited time left to complete your personal to-do list... Read more
Face your fear, sit up front
Nov. 28, 2017  |  By Lynn Kletscher
Most times, people want to sit up front. Think about sporting events, concerts and theatrical productions -- there’s nothing like being close to... Read more
Giving thanks
Nov. 22, 2017  |  By Linda Wedul
With it being Thanksgiving week, it’s the time of year to reflect on all that we have in our lives and to give thanks. I, for one, have many things... Read more
Why you shouldn't scoff at cybersecurity importance
Nov. 20, 2017  |  By Faye Hayhurst, CPA
Have you gotten the message yet? Bad guys — hackers, phishers, cyber criminals — are out there and they seem to be targeting everyone. It’s big... Read more
The magic behind Tax Campaign
Nov. 13, 2017  |  By Carolyn LaViolette
Those who know me well know that I love the Harry Potter books. I grew up reading them out loud with my younger sister, and now I’m sharing them... Read more
Don't wait to renew your CPA certificate
Nov. 7, 2017  |  By Stephanie Schmidt
We’re about to enter the season of giving: the giving of thanks, the giving of love and the giving of gifts. But there are some things you don’t... Read more
Tax reform: The great debate
Oct. 31, 2017  |  By Geno Fragnito
Will Congress pass a tax reform package? What will it mean for you in Minnesota? Two very good questions. Two questions I, unfortunately, can’t... Read more
A succession plan for CPE greatness
Oct. 23, 2017  |  By Lynn Kletscher
A little more than 15 years ago, I came on board at the MNCPA and first heard the name Andy Biebl. It didn’t mean much to me at the time. Yet... Read more
Honoring rock star CPAs
Oct. 16, 2017  |  By Linda Wedul
This month, the Rock and Roll Hall of Fame announced its 2018 nominees. And, about a week before that announcement, the MNCPA held its annual... Read more
Why every CPA needs to know about the FASB not-for-profit changes
Oct. 11, 2017  |  By Faye Hayhurst, CPA
My son is a fan of public radio. No, not a news and information station, but one that plays alternative music. As is typical of such organizations,... Read more
Perseverance: A life lesson learned young
Oct. 2, 2017  |  By Stephanie Schmidt
My daughter is a natural athlete. When she decided to try out for travel basketball last year (having never played a day of organized basketball in... Read more
Legislative change: Did you plant in time for harvest season?
Sep. 25, 2017  |  By Geno Fragnito
A few months ago, as winter was giving way to spring, I wrote about the similarities between agriculture and legislative changes, and the... Read more
NASBA approves MNCPA CPE
Sep. 18, 2017  |  By Lynn Kletscher
CPAs have enough to worry about: accounting and auditing standards, tax changes, cybersecurity, financial forecasts, you name it. They shouldn’t have... Read more
Who will you be in five years?
Sep. 11, 2017  |  By Linda Wedul
August was packed with amazing MNCPA events. There was high energy amongst more than 100 women at Candid Conversations about Women and Influence,... Read more
When shortcuts lead to detours
Sep. 5, 2017  |  By Faye Hayhurst, CPA
CPAs are smart people. Earning an accounting degree and passing the CPA exam are basic evidence of that. And sometimes, smart people... Read more
A taste of the future
Aug. 29, 2017  |  By Stephanie Schmidt
August brings two events that I look forward to every year: the MNCPA’s Executive Exchange and the Minnesota State Fair. While seemingly very... Read more
Technology creates both uncertainty and opportunity
Aug. 23, 2017  |  By Geno Fragnito
I don’t need to tell you that the world of technology is changing exponentially faster than ever. Most people would agree that, while sometimes... Read more
Speak up to get what you want
Aug. 15, 2017  |  By Lynn Kletscher
Confession: I am a fan of the McDonald’s Big Mac. Not the calories — just the awesome flavorful mix of the sesame seed bun, beef and, oh yes, the... Read more
Challenge your assumptions, read science fiction
Aug. 9, 2017  |  By Linda Wedul
I recently read the book, "Seveneves," by Neal Stephenson. It’s promoted as an "exciting and thought-provoking science fiction epic," which, I admit,... Read more
Rule No. 1: Know what the rules are
Jul. 31, 2017  |  By Faye Hayhurst, CPA
I would like to blame someone else or “the system,” but it was my own fault. I was recently married when I first left Minnesota with my new... Read more
Try before you buy
Jul. 21, 2017  |  By Stephanie Schmidt
It's a brilliant concept, right? I can’t tell you how many times I've bought something after sampling it at Costco. Had I not tried it, I would've... Read more
Tracking regulations? Don't forget to look in your own backyard
Jul. 19, 2017  |  By Geno Fragnito
Are you keeping up with regulatory changes? I know you’re thinking, “What kind of question is that? I’m a CPA. Of course, I’m keeping up with... Read more
Staffing remains top issue for firms
Jul. 12, 2017  |  By Linda Wedul
Finding qualified staff. Are you already groaning? Whether you’re a firm of two or 222 CPAs, the 2017 PCPS CPA Firm Top Issues Survey reveals... Read more
Too much Excel CPE? Proposed rules suggest so
Jun. 30, 2017  |  By Lynn Kletscher
Almost every CPA I know uses Excel. It doesn’t matter whether they’re in public accounting, business and industry, government, or education. The... Read more
Mind blown -- or is it?
Jun. 26, 2017  |  By Faye Hayhurst, CPA
The first time I thought about being an accountant was in 6th grade, when we had to pick a possible career to write about. My big brother was... Read more
Polish your advising skills
Jun. 22, 2017  |  By Stephanie Schmidt
If you had to identify one thing that is key to running a successful business, what would it be? When I think about this question, the word that... Read more
Leveling the playing field for Minnesota-based professional advisers
Jun. 13, 2017  |  By Geno Fragnito
If you have clients in other states, you’ve likely heard their concerns about having a Minnesota-based professional adviser. They were... Read more
Ditching Dilbert for 'Tribal Leadership'
Jun. 5, 2017  |  By Lynn Kletscher
Even though they’ve been around for decades, Dilbert and Office Space still make me laugh. They are so relatable — who hasn’t worked for a... Read more
Setting the record straight: The MNCPA responds to county audits editorial
May 29, 2017  |  By Linda Wedul
Last week, a Pioneer Press editorial headline read, "In auditor fight …" -- what, auditors fighting?In fact, it isn’t auditors per se, rather the... Read more
When the MNCPA calls
Feb. 13, 2017  |  By Linda Wedul
If you recently got a call from the MNCPA about your firm permit, that was a good thing. Receiving a call meant we identified your firm permit as... Read more

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