Footnote Magazine

Footnote cover

June/July 2019

Delve into Section 163(i) while enjoying the June/July Footnote. This issue also includes:
  • Breaking down lease implementation for nonpublic companies.
  • Farm retirement options for clients.
  • How tax reform affects estate planning.

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

The case of Tara’s terror
Charles Selcer, CPA, MBA
MNCPA member Chuck Selcer shares his knowledge about ethics requirements and laws with unique humorous fictitious stories.

Rejuvenation is imperative for long-term well-being
Rachel D. Polson, CPA
Get insight and news from MNCPA leadership about the organization and professional issues.

The new business interest expense limitation under Section 163(j)
Laura Pearson, CPA
Tax reform provided a reduction in the corporate tax rate from 35 to 21 percent; however, the TCJA also included revenue-raising provisions such as the revised Section 163(j).

Build a virtual CPA firm in 5 steps
Daniel Moshe
In this series, Daniel Moshe, the CEO of Tech Guru, outlines how to free up your practice to achieve greater productivity with technology.

Business Perspective: ADP
Thanks to new technology and rising demand for valued-added services, it’s now easier and far less labor intensive for accountants to offer clients a full-service payroll solution.

What you need to know about ASC 842
Bill Gaetz, CPA and Raj Nalla, CPA
Lease implementation for nonpublic (private) companies is not for the faint of heart.

Business Perspective: Tech Guru
As the CPA tech department for accounting firms, we’ve observed that the months after busy season are when you might feel like a caterpillar in a cocoon when it comes to technology.

Farm retirement planning — an income tax perspective
Paul Neiffer, CPA
As the farm economy goes into its seventh year of lower net incomes, more farmers are considering retirement.

Planning with basis following tax reform
Paul Dinzeo, CPA, JD, CFP, MBT
Tax reform brought forth many opportunities that can be a boon to your clients’ estates and estate planning, but they need to be navigated carefully.

They’re in: MNCPA Tax Campaign results
Carolyn LaViolette, MNCPA communications manager
The 2018–19 Tax Campaign was one of the busiest and most successful campaigns we’ve managed.

Newly certified? Don’t lose that CPA certificate luster
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.