Footnote Magazine

Footnote cover

August 2017

Variety is the spice of life, and the August Footnote has a little bit of something for everyone.

  • How Minnesota Nice, conflict and leadership come together
  • What you don't know about Minnesota's revised LLC Act
  • The 2017 legislative session: some good, some interesting and some bizarre

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

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

Never forget earning your CPA
Jennifer H. Elder, CPA, CMA, CIA, CFF, CGMA, MS, president, The Sustainable CFO
Get insight and news from MNCPA leadership about the organization and professional issues.

How Minnesota Nice, conflict and leadership come together
Janel Dressen, attorneys
For the most part, Minnesota Nice isn't disruptive in our day-to-day work. However, as a leader, do you ever find yourself in a conflict situation where being Minnesota Nice isn't so nice?

What you don't know about Minnesota's Revised LLC Act
Wally Hilke, attorneys, Vince Louwagie, attorneys and Timothy Pronley, CPA, JD, Deloitte Tax LL
Minnesota's Revised Uniform Limited Liability Act (the Revised Act) is fraught with new traps for the unwary, and the advice of an experienced business lawyer is more important than ever.

Intercompany financing: How the Section 385 regulations apply to more than just inversions
What you need to know
The 385 regulations establish threshold documentation requirements to sustain debt treatment, and target certain transactions whereby a purported debt instrument would be immediately recast as equity.

SMART and SAVVY takeaways from the 2017 MNCPA Management & Business Advisers Conference
Missed out? Not to worry. Here's some of the wisdom shared by the MBAC17 speakers.

The 2017 legislative session: some good, some interesting and some bizarre
Andrew Seifert, JD, tax consultant, Wipfli LLP
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.

New to Minnesota? Make sure your certificate is good to go
Learn about important news from the Minnesota Board of Accountancy. Monthly topics include rules, CPE requirements, CPA exam information, licensing, and more.

The culture of mixing work and life
Alicia Pack, MNCPA membership marketing coordinator
You've heard it hundreds of times: workplace culture matters. But exactly why does it matter so much? Just ask Preston Tomlinson.