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Footnote Magazine

Footnote cover

August 2020

The August Footnote takes a look back at the wild legislative session at the Minnesota Capitol and how advocacy shifted amid a global pandemic. Also in this issue:
  • How to handle incorrect business tax returns.
  • A look at refund opportunities in the CARES Act. 
  • Understanding the new Chapter 11 bankruptcy law.

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

How to handle an untrue, incorrect or incomplete business tax return
Mark Sellner, CPA, JD, LLM (taxation)
What should a corporate officer, partner or LLC member designated to sign the business tax return do if there are concerns that the return is wrong?

Refund opportunities in the CARES Act
Mark Sellner, CPA, JD, LLM (taxation)
As part of the CARES Act, refund opportunities may be available to you.

Chapter 11 bankruptcy became easier just in time for the COVID-19 fallout
Andrew Walker, JD
The Small Business Reorganization Act is a newly added subchapter of Chapter 11 bankruptcy that makes it feasible and beneficial for your small-business clients to benefit in new ways.

Business Perspective: Thomson Reuters
You’re ready to take the next step to ensure longevity and be a part of the future of accounting. You want to build the next generation accounting firm — yours.

The status of SAS 136
Natalie Rosin Wobbema, CPA, ABV, principal, Boeckermann, Grafstrom & Mayer LLC
The AICPA Auditing Standards Board delayed the effective dates of SASs No. 134–140 to provide relief to audit firms amid the challenges created by the coronavirus pandemic.

2020 — the legislative session no one expected
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.

Making a move? Don’t forget about 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.

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

2020: The year of embracing change
Ben Ellingson, CPA, CGMA
Get insight and news from MNCPA leadership about the organization and professional issues.