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Footnote Magazine

Footnote cover

November 2018

Learn what set these six members apart that made them MNCPA award recipients.

  • Is it time for a temporary CFO?
  • Find how to best set expectations for clients when it comes to tax reform.
  • Do you really understand the R&D tax credit?

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

The case of when it Raynes, it pours
Charles Selcer, CPA, MBA
MNCPA member Chuck Selcer shares his knowledge about ethics requirements and laws with unique humorous fictitious stories.

Is a temporary or part-time CFO a fit for your organization?
Nick Fitzgerald, CPA, MBT, CGMA, CliftonLarsonAllen
One popular option when faced with growth and change challenges is the option to bring in a temporary or part-time chief financial officer (CFO) to oversee the growth and changes.

Pause, reflect on the positive
Rebecca Keran, CPA, MBA, CGMA
Get insight and news from MNCPA leadership about the organization and professional issues.

Celebrate CPAs 2018 Awards Luncheon
Read about this year's award recipients, including: Carolee Lindsey, Mark Elliot, Sally Mainquist, Godson Sowah, Jeff Silvers and Bob Thelen.

Carolee Lindsey, MNCPA Distinguished Service Award recipient
Corey Butler, MNCPA communications coordinator
Give back to the community, learn more about the profession's future, and meet other fun and interesting people. Those are the reasons why Carolee Lindsey got involved with the society.

Mark Elliott, MNCPA Public Service Award recipient
Alicia Pack, MNCPA membership marketing coordinator
Like a hockey goalie screened by a teammate, Mark Elliott never saw being named an MNCPA Public Service Award recipient coming.

Sally Mainquist, MNCPA Public Service Award recipient
Kristy Gusick, Professional Services Marketing, LLC
Mainquist's commitments to giving back to both the profession and the community are only a few of the reasons why she is a recipient of the 2018 MNCPA Public Service Award.

Godson Sowah, MNCPA Public Service Award recipient
Corey Butler, MNCPA communications coordinator
Godson Sowah knew exactly what he wanted to be when he first walked the halls of Luther College: a teacher. So, how did one of the MNCPA's Public Service Award honorees end up as a CPA?

Jeff Silvers, MNCPA Outstanding Young Professional of the Year Award recipient
Alicia Pack, MNCPA membership marketing coordinator
Selfless leader is not a descriptor you hear thrown around often. But that's how Luke Selvig describes Jeff Silvers, the recipient of the 2018 MNCPA Outstanding Young Professional of the Year Award.

Bob Thelen, R. Glen Berryman Award recipient
The R. Glen Berryman Award recognizes outstanding continuing professional education (CPE) instructors. This year, Bob Thelen was honored with this prestigious award.

Business Perspective: Drake Software
Filing season is approaching and that can mean uncertainty for everyone involved. Even seemingly simple changes result in tax-planning sessions to discuss withholding adjustments.

Toxic client relationships: How and when to disengage
Kristy Gusick, Professional Services Marketing, LLC
Not every client is a good client. In a world where time and resources are finite, this is a mantra worth repeating.

The R&D tax credit: All grown up
Ron Antal, CPA, RCG Tax Partners and Marla Schleider, RCG Tax Partners
The R&D tax credit has proven to be an effective tool at encouraging technological investment, increasing global competitiveness and creating jobs.

Peer review passes increase slightly year over year
Jason Frick, CPA, CFE, Copeland Buhl & Company PLLP
The peer review process was intended to make all of us and the profession better, but it has now evolved into a regulatory tool by boards of accountancy, which sometimes may feel punitive.

New peer review requirements in place
Effective Oct. 1, 2018, peer reviewers will apply new requirements related to a firm's compliance with audit risk assessment standards in AU-C 315 and 330.

Why every voice is important, and how each new one helps
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.

Retiring? Slow down long enough to properly maintain your CPA certificate
Anne Janotta Erickson, MNCPA membership marketing team leader
Learn about important news from the Minnesota Board of Accountancy. Monthly topics include rules, CPE requirements, CPA exam information, licensing, and more.

Managing client expectations for tax reform
Thomas J. Shroyer, J.D., Moss & Barnett
The Tax Cuts and Jobs Act of 2017 has tax service providers wondering whether their clients will have expectations for tax planning and compliance services that go beyond the realm of possibility.