Footnote Magazine

Footnote cover

April 2018

Get to know Becky Keran, the new MNCPA board chair, and read about diversity and inclusion programs, SOC reports, and state and local tax considerations for traveling employees.

  • State and local tax considerations for traveling employees
  • Reviews of employee benefit plan reviews
  • What CPAs need to know about SOC reporting

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

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

However daunting, view challenges as opportunities
Rebecca Keran, CPA, MBA, CGMA
Get insight and news from MNCPA leadership about the organization and professional issues.

Becky Keran, new board chair steps up to the plate
With the wind to her back and the sun in her eyes, Becky Keran, CPA, MBA is poised to lead the MNCPA board as its new chair. She sat down with us to talk career, life and the future.

Here and there, a CPA's travelogue
Sarah Hopkins
When you have employees traveling to other states for work-related purposes, there are a number of different tax types that may come into play.

What CPAs need to know about SOC
Aaron Thomas, CPA, CISM, CISA, CRISC
System and Organization Controls (SOC) reporting has been around for many years, but there remains some confusion about when and how to use it.

Business Perspective: ADP
When a new administration takes over, major changes tend to occur for small businesses in areas such as wages, taxation and compliance. The Trump administration poses no exception to that rule.

Defining, embracing inclusion in the accounting world
Corey Butler, MNCPA communications coordinator
Stop me if you've heard this before: diversity and inclusion matter. Read how three firms are transforming how they find and embrace talent in the ever-changing world.

No central theme found during employee benefit plan reviews
Jennifer McNeal, CPA (co-chair) and Karlie Johnson, CPA (co-chair)
This year's MNCPA Employee Benefit Plan Review Task Force included 21 MNCPA members from 18 different accounting firms. Together, we reviewed 52 sets of employee benefit plan financial statements.

Don't sit idly by: Reasons for supporting the MNCPA PAC
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.

CPE documentation best practices, whether you're audited or not
Learn about important news from the Minnesota Board of Accountancy. Monthly topics include rules, CPE requirements, CPA exam information, licensing, and more.

A faux idea: MNCPA issues annual list of outrageous tax deductions
Carolyn LaViolette, MNCPA communications manager
In a recent survey of MNCPA members, many shared interesting scenarios in which their clients wanted to claim deductions on their tax returns. The problem? They were red flags from the word "go."