Clients
Articles
How to disengage clients
July 22, 2024
Disengaging clients in a professional services firm is a sensitive process that requires careful consideration to maintain positive relationships and uphold your firm's reputation. Here's a step-by-step guide on how to do it professionally.
Helping companies address workforce supply and demand challenges
May 20, 2024
Learn how you and your clients understand how available employer hiring incentives are being offered as strategies to offset some of the rising labor costs for hiring workers.
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.
Preparing for an ERC audit
February 7, 2024
It’s the season for IRS ERC exams — are you or your client prepared?
The Employee Retention Credit: The latest scrutiny
August 31, 2023
With IRS backlog reduced, additional focus is now on supply chain qualifications, misleading ads and growing fraud risk
Don’t 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.
A strategic approach to tax-advantaged charitable giving
June 5, 2023
Donor-advised funds and charitable remainder trusts are often viewed as mutually exclusive philanthropic strategies. While many debate the advantages of each, combining them offers leveraged tax deductions, income back to the donor and, in the end, a legacy gift to charitable organizations on your terms.
Opening the nexus chamber of secrets
Footnote
May 30, 2023
This article analyzes how Wayfair impacted state income tax and sales tax nexus and concludes with a decision roadmap that tax advisers and taxpayers can apply when approaching state tax nexus issues.
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.
5 myths about cannabis and the accounting industry
May 15, 2023
Cannabis is expected to be a $100 billion market in the next few years, with hundreds of thousands of new companies needing accounting and tax help.
Talent pipeline is the issue of our day
Footnote
March 29, 2023
Get insight and news from MNCPA leadership about the organization and professional issues.
Empathy: A powerful business construct
Footnote
November 29, 2022
Dr. Shannon Rogers explains how she is eliciting loyalty with data-driven, empathetic user experiences.
Estate tax planning for uncertain times
Footnote
November 29, 2022
One matter is clear during these uncertain times: It’s the golden age of gifting. Advise clients to take advantage of these estate tax planning strategies before it’s too late.
179D and 45L technical update
October 10, 2022
The Inflation Reduction Act offers tax savings opportunities for real estate clients.
Boost your virtual networking power
August 16, 2022
Keep the foundational principles of networking in place and apply it to the virtual space.
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.
Hanging your shingle
Footnote
July 28, 2022
Have you ever thought of running your own shop? Do you have an entrepreneurial spirit? Does the thought of risk not scare you? Then making this move can be awesome.
Gather client experience data through effective interviews
July 21, 2022
Ask enough people about their expectations, and you can identify some universal themes about why they choose you. However, surveys can only do so much.
5 ways CPAs can help their clients with bankruptcy
July 7, 2022
Recent economic challenges have caused a rise in bankruptcy cases. Besides lawyers, CPAs are also handling an increasing number of bankruptcy cases and have an important role in advising clients.
6 ways to show clients appreciation
June 30, 2022
Showing appreciation for others is a rare but powerful opportunity to build a relationship — and a brand.
Benchmarking as a service in CAAS practice
June 30, 2022
Benchmarking services empower our clients with the knowledge necessary to make strategic business decisions, and as their trusted advisers, we can help our clients achieve growth and improve profitability.
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.
Dealing with too many ‘quick questions?’
Footnote
March 29, 2022
You might think interruptions are just a fact of life when you are an accountant, but for the sake of maximizing productively and maintaining your well-being, it’s important to set boundaries.
How to determine if a Recovery Startup Business qualifies for the Employee Retention Credit
February 16, 2022
It is recommended that a taxpayer who began carrying on a trade or business after Feb. 15, 2020 examine their gross receipts to see if they meet the requirements to be considered an RSB. The credit available for those who qualify as an RSB can be significant.
Your client is interested in an ESOP: Why do they need a feasibility study?
February 3, 2022
An ESOP can be a great way for a business owner to transition their business and give back to their employees, but it’s not ideal for everyone. Before you move forward, it’s wise to crunch some numbers to make sure it is a viable option.
Tax survey respondents share telltale signs of busy season
Footnote
January 27, 2022
Once again, we’re in the midst of busy season. For some, it’s as though it never ended.
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...
Common — and outrageous! — attempted tax deductions
March 13, 2024
Here are some themes behind commonly attempted deductibles shared in the annual MNCPA Tax Survey of members; some of these might look familiar to you, too!
Choice in auditors is good for Minnesota
December 7, 2023
It is imperative residents engage with local governments and there is spending oversight. Whether we are discussing private businesses, not-for-profit or governmental entities...
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...
MNCPA members: What concerns us most about upcoming tax season
January 10, 2023
We asked our members as part of the annual MNCPA Tax Survey about what concerns them most about this upcoming tax season...
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