MNCPA Perspectives Archive

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
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
Peer Review enters the PRIMA era
May 22, 2017  |  By Faye Hayhurst, CPA
PRIMA is the latest acronym in the accounting world, and anyone involved in peer review -- whether as a firm or as a reviewer -- needs to get... Read more
Let's recognize Minnesota's newest CPAs
May 15, 2017  |  By Stephanie Schmidt
From the day you were born, being noticed was engrained in your behavior. When you took your first step, your parents gasped with excitement!... Read more
Protect your personal information
May 8, 2017  |  By Geno Fragnito
Your personal information is everywhere. Do you know what’s out there? I know what you’re thinking: you pay attention to detail, so of course you... Read more
5 business development myths you should dispel today
May 1, 2017  |  By Lynn Kletscher
You go to college, study and pass the CPA exam. You take a position with a firm. Maybe you work on a few audit engagements or prepare some tax... Read more
Laughter, changes and a little REM: The MNCPA is feeling fine
Apr. 24, 2017  |  By Linda Wedul
Happy New Year! That’s right, April marks the start of a new fiscal year for the MNCPA. For several years, we've held an annual all-staff meeting to... Read more
Choosing accountability
Apr. 17, 2017  |  By Faye Hayhurst, CPA
It’s a familiar scenario: there’s a mess, something is broken or dessert is found half eaten before dinnertime. And the culprit is nowhere to be seen.... Read more
Did you know? New info about the CPA exam's score-release timetables
Apr. 10, 2017  |  By Stephanie Schmidt
Out with the old and in with the new when it comes to the CPA exam — and there’s something you should know. There’s been talk for months about the... Read more
Planting seeds to maximize future yields
Apr. 3, 2017  |  By Geno Fragnito
As winter fades, I’m sure your thoughts are drifting from year-end or tax deadlines to evenings of grilling on the deck, a day at the lake or a... Read more
CPE Model Rules: call for comments
Mar. 27, 2017  |  By Lynn Kletscher
I’m a rule follower. I love black and white; I don’t love gray. If a rule is not clear, I prefer to err on the side of caution. You’re likely a... 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