Business & Industry
Articles
R&D Credit: Big changes in reporting requirements coming in 2025
March 26, 2025
Since its inception as part of the Economic Recovery Tax Act (ERTA) of 1981, the federal Credit for Increasing Research Activities (the R&D Tax Credit) has been a valuable incentive for companies. Learn about changes coming to the credit in 2025
How to take the fear out of the direct pay process for not-for-profit organizations
December 26, 2024
Many not-for-profits (NFPs) are uncertain about how to navigate the new tax landscape and how they should go about claiming renewable energy tax credits they deserve.
New tax changes in the energy transition
October 17, 2024
Proposed rules for âTechnology-Neutralâ clean electricity incentives in the Inflation Reduction Act.
Selling a CPA or accounting firm â marketplace developments
Footnote
October 1, 2024
Sunbelt Business Advisors/True North Mergers & Acquisition, national experts in the sale of firms in the CPA industry offering their insights.
IRS plan for settling Employee Retention Credit claims finally implemented
September 5, 2024
The IRS is continuing to turn up the pressure on Employee Retention Credit (ERC) claims to sort out fraudulent applications from legitimate ones. The recent updates are signs of relief for businesses that have been patiently waiting for their money.
Help your builder and developer clients earn energy efficiency tax credits
May 2, 2024
IRS Section 45L provides a generous federal tax credit for the construction of energy efficient homes. Learn the ins and outs of 45L to help your clients.
The growing market for CPAs in the cooperative business sector
August 8, 2023
A pressing issue has come to the forefront in the cooperative business community: the scarcity of CPAs specifically equipped with expertise in cooperative accounting. By bridging this knowledge gap, CPAs can seize the opportunity to enter this rapidly expanding market for their services.
R&D Tax Credit â Section 174 Updates
July 31, 2023
Learn about R&D Tax Updates and how firms should move forward with their clients.
Donât succumb to the ERC misinformation epidemic
July 5, 2023
There has been an increase in buzz around the Employee Retention Credit, including a lot of misinformation. Learn how to approach the ERC in a way that benefits your clients and ensures compliance.
An excise exploration: Unpacking Minnesotaâs cannabis taxation
May 26, 2023
Minnesota is poised to become the 23rd state to legalize cannabis use for those 21 and older. The bill legalizing cannabis use spans more than 300 pages and encapsulates a wealth of information.
Legalized use of cannabis in Minnesota: What employers need to know
May 19, 2023
The increasing social acceptance and legalization of cannabis across multiple states the past decade has brought with it the need for employers to adjust to fit a new normal.
Entering a positive work culture | Business Perspective
Footnote
March 29, 2023
Paige Batcha, CPA with Versique Search & Consulting shares her story.
Top 5 errors CPAs â or their providers â are making when calculating the ERC
February 7, 2023
While the ERC is a fantastic tax incentive, it can be complex and difficult to navigate.
IRS releases revised R&E procedural guidance
December 15, 2022
On Dec. 12, 2022, the IRS released an advance copy of Rev. Proc. 2023-8, which provides procedural guidance for taxpayers to adopt accounting methods for specified research or experimental (R&E) expenditures under Section 174.
Tax implications of remote workers
Footnote
November 29, 2022
Adopting a co-employer model is one way to manage the tax compliance and HR requirements associated with remote workers.
Step-by-step guide to setting up an ESOP
October 26, 2022
There are many things to consider before you set up an ESOP. Here are seven steps to take to help you determine whether an ESOP is right for you.
5 tips to help you prune toxic clients
Footnote
July 28, 2022
At the end of the day, not every client is a great client. And having great clients at your firm keeps your firm profitable and your team happy.
Who runs a company owned by an Employee Stock Ownership Plan (ESOP)?
June 22, 2022
An ESOP operates as a trust, which has two separate features of ownership like any other business. The difference is who is responsible for these features.
A look at 3 timely transfer pricing topics
Footnote
May 25, 2022
Investment and focus on transfer pricing now will help companies avoid potential high costs and disruption from controversy with tax authorities later.
An overview of charitable contributions
Footnote
May 25, 2022
For tax advisers, it is important to be aware of the requirements and nuances that accompany donations.
Carrying credits back? Weâve got your back
Footnote
May 25, 2022
While fixing a CPE shortage isnât the end of the world, itâs still a compliance mishap. Donât delay; the noncompliance fees add up.
Managing your EX (employee experience)
Footnote
May 25, 2022
In a tight labor market, the employee experience becomes a major part of your recruitment and retention strategy. Employers must define and articulate what makes them stand out from other employers.
MNCPA Employee Benefit Plan Task Force findings
Footnote
May 25, 2022
Reporting investments and fair value disclosures prove to be an ongoing challenge.
Overcome the martyrdom of the profession
Footnote
May 25, 2022
Here are changes that can help curb death by a thousand paper cuts in your A&A practice.
Signs of progress on our journey to normal
Footnote
May 25, 2022
Find out about key issues the MNCPA is monitoring at the Capitol. Stay current on legislative news and events with stories, tips and grassroots involvement.
MNCPA Perspectives blog posts
Key deadlines approaching for CPAs, businesses and business owners
November 6, 2024
Important deadlines for the end of the calendar year and in 2025...
BOI reporting lagging ahead of deadline
October 11, 2024
The clock is ticking for certain businesses to file new reporting data with the Financial Crimes Enforcement Network (FinCEN). Noncompliance can cause...
Understanding the new 1099-K rules in 2023
September 5, 2023
With changes from the American Rescue Plan Act of 2021, the threshold for a Form 1009-K has been cut drastically both in terms of the number of transactions and the amount of revenue earned...
Response to Journal of Accountancy article, Feb. 10, 2023, âNASBA upholds 150-hour education requirementâ
February 27, 2023
We believe we are closer to the AICPA and NASBA in finding solutions for this critical issue than the article leads readers to believe...
A field of opportunity: New conference takes root
July 28, 2022
If you cruise any Minnesota road long enough, I bet you pass at least one cornfield, turkey barn or herd of grazing cows. Why am I writing about farms? Because farms are businesses and businesses need CPAs...
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