MNCPA PERSPECTIVES

Embracing transitions

Apr. 30, 2018  |  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 programs to implementing them. New board members are beginning their terms, while some board members’ terms are ending.

Transitions are happening outside the MNCPA as well. Many members are transitioning out of tax season and moving on to the list of projects that built up over the last four months. The Legislature is shifting from debates in committees to full Senate and House floor votes as they approach the final days of session. And, after that, a transition of implementing new laws and re-election campaigns begin.  

Transitions are more than change; it’s a psychological shift. Before moving on to a new project, relationship or status, it means something else is coming to an end. There is excitement, but also a fear of loss and the unknown.

The MNCPA is here to help members navigate the transitions that are a part of the profession. Here are the areas where we’re focusing our attention: 

  • Tax reform. By working with the Department of Revenue, state and federal legislators, and other local business groups, we are identifying the areas of confusion and complexity in the Tax Cuts and Jobs Act, and providing articles and education. Check our tax reform resources page regularly for updated articles and CPE offerings.
  • New CPAs. Becoming a CPA is one of the toughest transitions a young professional takes on. It is also one of the most optimistic and rewarding. Welcome the new CPAs at your firm or company into the profession at our Spring CPA Recognition Dinner in May, and celebrate this transition with them. 
  • Diversity. Minnesota’s demographics are changing. We need to acknowledge this and adjust to continue attracting students of all backgrounds to the profession. That is why we are launching the MNCPA Scholars Program to promote the profession to minority high school students.
  • CPE rules. The Minnesota Board of Accountancy rulesfor CPE have changed. In addition to credits being categorized differently, the rules now require 60 credits from technical fields of study each three-year reporting period. To make this transition easier for members, we've updated the CPE Log and transitioned your credits. Be sure to check your personal CPE Log to see if you have any compliance alerts. 
  • Technology. Technology is changing nearly every aspect of the profession. Artificial intelligence, blockchain and the Internet of Things are game-changing technologies. We are tracking these advancements and providing educational programs to help you adapt. Check out the Management and Business Advisers Conference in June to prepare for the future. 

One last note about transitions: The MNCPA is transitioning to a new association management system (AMS). We have been on the same AMS for 26 years; it’s no surprise that technology has significantly changed in the past quarter of a century. A new AMS means that almost every business process of ours will change. While we know there will be bumps along the way, we are excited for the options and features a new AMS will provide to help us better serve our members. 

We grow and learn through transitions -- embrace them. 


Topics: MNCPA programs and activities, Personal development

Linda Wedul

Linda Wedul is president and CEO of the MNCPA. She’s usually spotted at MNCPA events, introducing herself to members with a warm smile and memorable laugh. Mixed among the Footnotes, accounting journals, leadership books and three monitors in her office, you’d be surprised to see a dog kennel. Her unpaid job is volunteering as a foster family for service dogs in training through Can-Do-Canines. She and her husband have two adult children and live in Farmington. Linda can be reached at 952-885-5516 or lwedul@mncpa.org.

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