Footnote Magazine

Footnote cover

April 2017

Footnote has a new look. Page through the magazine to get a feel for it and check out this month's great articles.

  • Should you elect out of the new partnership audit rules?
  • Improving the close process
  • Meet Jeff White, the new MNCPA board chair

Updates from our members, including promotions, new hires, speaking engagements and firm news.

The case of the creeping Ivy
Charles Selcer, CPA, MBA
MNCPA member Chuck Selcer shares his knowledge about ethics requirements and laws with unique humorous fictitious stories.

New MNCPA chair talks regulation, agendas, profession
Jeffrey J. White, CPA, CGMA
Get insight and news from MNCPA leadership about the organization and professional issues.

Why I would elect out of the new partnership audit rules
Mark Sellner, CPA, JD, LLM (taxation)
The Bipartisan Budget Act of 2015 was overshadowed by the PATH Act's passage.

Improving the close process
Jim Lindell, CPA, CGMA, CSP
One of the major areas for improvement in the accounting function is financial reporting; specifically, the monthly accounting close process.

Jeff White, the MNCPA's new board chair
Jeff White, the MNCPA's new board chair, dishes on what makes him tick.

Become an extraordinary leader
Scott K. Edinger, adviser, author, speaker, Edinger Consulting Group
As humans, we all have our inherent weaknesses. But leadership research unequivocally concludes that it's the presence of a few truly profound areas of strength.

Blowin' snow: Sorry, that doesn't qualify as a deductible moving expense
Corey Butler, MNCPA communications coordinator
For the seventh annual Tax Campaign, we asked members in public practice to share the deductions clients attempted to take on their tax returns.

Business Perspective: ADP
Megan Ewing
Misclassification of employees as exempt from overtime is one of the most common Fair Labor standards Act (FLSA) violations. Read how you can prevent this form happening to your company.

One problem prevalent during employee benefit plan reviews
Natalie Wobbema, CPA, ABV, principal, Boeckermann, Grafstrom & Mayer LLC
See what issue popped up most frequently to the MNCPA Employee Benefit Plan Review Task Force.

Expert tips, tricks to effectively communicate and keep the momentum going at the Capitol
Geno Fragnito, MNCPA director of government relations
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.

CPA Exam 101
Anne Janotta Erickson, MNCPA senior business & industry marketing coordinator
Learn about important news from the Minnesota Board of Accountancy. Monthly topics include rules, CPE requirements, CPA exam information, licensing, and more.