MNCPA Perspectives Archive

Buyer beware: Not all CPE is equal
Sep. 20, 2018  |  By Lynn Kletscher
My phone rings; I answer. The caller wants to know how to qualify his company’s programs for CPE. I recite my spiel about the NASBA Registry... Read more
Entrepreneurs and CPAs are kickstarting the economy
Sep. 14, 2018  |  By Linda Wedul
What do Cards Against Humanity, Oculus Rift, 11 nominated movies and Neil Armstrong's space suit all have in common? Kickstarter! They all were... Read more
Better (12 years) late than never
Sep. 4, 2018  |  By Faye Hayhurst, CPA
This just in: Effective Oct. 1, 2018, peer reviewers will be applying new guidance approved by the AICPA Peer Review Board in August. The new... Read more
The primary is over, but there’s still work to be done
Aug. 27, 2018  |  By Geno Fragnito
Where has the summer gone? It seems like just yesterday I was planning my summer vacation and wondering if Mother Nature would cooperate with my... Read more
The enemy is comfort
Aug. 8, 2018  |  By Linda Wedul
Picture these scenarios: Allowing a hairy tarantula to crawl up your arm. Singing in front of a crowd. Eating insects. Posing for an art class in... Read more
What remote sellers should consider in the wake of Wayfair
Aug. 6, 2018  |  By Carolyn LaViolette
The commerce landscape has seen significant changes in the last 15 years. What used to be a “quick trip to the store” has evolved to... Read more
Revenue recognition and leases: Angles you might have missed
Aug. 1, 2018  |  By Faye Hayhurst, CPA
After years of articles, news releases, CPE classes, and yes, posts by innumerable bloggers, I’d venture to say that it’s a rare CPA who hasn’t... Read more
Small business, big return
Jul. 25, 2018  |  By Stephanie Schmidt
I was reminded recently of the rainbow loom bracelet fad. Anyone who has children, nieces or nephews probably remembers this trend from a few years... Read more
Summer, summer, summer -- it's like a merry-go-round
Jul. 23, 2018  |  By Geno Fragnito
Do you recognize those words from someplace? A song from the 80s? There were many great bands -- and many more great songs -- to listen to in the... Read more
The membership benefits you may not see
Jul. 19, 2018  |  By Linda Wedul
When joining a professional association, particularly one with voluntary membership, there should be clear benefits you receive in return for... Read more
Small-business owners: Receive free advice at Small Business Advisory Day
Jul. 16, 2018  |  By Corey Butler
Sure, a free lunch isn’t a guarantee, but we can provide some free advice -- truly. As a small-business owner, you’re used to juggling a lot of... Read more
Communication that builds a team
Jun. 26, 2018  |  By Faye Hayhurst, CPA
Imagine a small CPA firm with one partner and six staff. The partner hosts a weekend Christmas party at his large new house. Staff and their... Read more
What Minnesota taxpayers need to know about nonconformity
Jun. 7, 2018  |  By Carolyn LaViolette
Health care access. Affordable higher education. Funding roads and bridges. No matter how politically involved (or uninvolved) you are, there are... Read more
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
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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