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Footnote Magazine

Footnote cover

June/July 2023

Adult-use cannabis is now legal in Minnesota. Read in the June/July Footnote how it may impact policies in the workplace. Also in this issue:
  • Learn about the lingering implications of South Dakota v. Wayfair.
  • Use these steps to develop a succession plan.
  • See recent tax legislation that you may have missed with year-end close.

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

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

The MNCPA and its members — a symbiotic relationship
Bob Cedergren, CPA
Get insight and news from MNCPA leadership about the organization and professional issues.

Broadening the pathways to CPA licensure discussion will continue
The bill, with bipartisan support in both the Minnesota House and Senate, did not become law this year, but this is not the end of this bill.

Legalized use of cannabis in Minnesota: What employers need to know
This article addresses some of the most pertinent information necessary as legalization quickly approaches Aug. 1, 2023.

Opening the nexus chamber of secrets
Masha Yevzelman, Esq.
This article analyzes how Wayfair impacted state income tax and sales tax nexus and concludes with a decision roadmap that tax advisers and taxpayers can apply when approaching state tax nexus issues.

CPA Evolution explained
Amy Napolski
By now you’ve heard the CPA Exam will be changing — some may even say evolving. In fact, the change is called CPA Evolution. Let’s examine how the exam is changing and how to plan for the changes.

Developing a succession plan in today’s world
August J. Aquila, Ph.D.
This article cover four aspects of a succession plan: developing a succession plan, compensating the retiring partner or partners, transitioning clients and transitioning firm management.

Tax issues you might have missed during year-end close
Mark Sellner, CPA, JD, LLM (taxation)
The IRS officially kicked off the tax filing season Jan. 23, 2023, and issues continued to arise in the tax world. Here are some of the key issues you might have missed.

Broader dialogue boosts existing — and new — relationships
Paul Marquart
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.

Am I eligible for the BOA’s retired status?
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.