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MNCPA Perspectives Archive

Year-end tax planning -- more important than ever before
November 6, 2018  |  By Carolyn LaViolette
The weather is turning colder in Minnesota, which means 2018 is coming to an end. But, before you break out the eggnog and look up the lyrics to... Read more
Successful CPA Day at the Capitol attributed to dedicated MNCPA members
February 13, 2019  |  By Geno Fragnito
Every year, the MNCPA hosts CPA Day at the Capitol to connect our members with their state senator and representative. This year, more than 70 members... Read more
Who doesn't want a big refund? You may be surprised
February 21, 2019  |  By Corey Butler
It's common for workers to set their withholding when they start a job and never revisit it. For many, this may have... Read more
Keeping up with the pace of change
February 22, 2019  |  By Linda Wedul
In Justin Trudeau's 2018 Davos address, he said the now-famous line, "The pace of change has never been this fast, yet it will never be this slow again." Read more
Report compliance burdens and unfair penalties to legislators this tax season
March 21, 2019  |  By Geno Fragnito
Maybe you are responsible for preparing or filing your business taxes. Maybe you work at a public accounting firm and help multiple clients navigate the tax law maze... Read more
To extend or not extend: That is the question
March 26, 2019  |  By Stephanie Schmidt
Extension: a four-letter word? To some, including CPAs, it may be. However, it may be a necessary evil in order to help make sense of the new tax laws. Read more
Audit risk assessment continues to be misunderstood for several firms
April 2, 2019  |  By Faye Hayhurst, CPA
Effective Oct. 1, 2018, peer reviewers began applying new guidance approved in August by the AICPA Peer Review Board. This new guidance took aim at an area that has been misunderstood... Read more
Tales from the CPE crypt
April 8, 2019  |  By Kinzie Jensen
I walked into the conference room on a bright February morning, excited to learn some new writing tips from my favorite marketing podcaster. Choosing a seat, I introduced myself... Read more
Share your tax season experience with lawmakers
April 29, 2019  |  By Geno Fragnito
Now that another tax filing deadline has passed, it's time to reflect on how this tax season went and start planning for next year... Read more
Meet the 2019-20 MNCPA board officers
May 2, 2019  |  By Linda Wedul
It's April 2019 and the MNCPA is celebrating. Not only has the big tax deadline passed, but it's also time for us to welcome our new board chair and officers... Read more
Why I love the MNCPA audit
May 22, 2019  |  By Faye Hayhurst, CPA
You might notice a spring in my step and a sparkle in my eye. There’s excitement and anticipation in the air (at least in my corner of the office)... Read more
Golfing is more than a game
May 30, 2019  |  By Geno Fragnito
You’re likely involved in many organizations: an alumni association, a charitable foundation, a community organization and/or a professional association, just to name a few... Read more
Property tax refunds are available to (and forgotten by) Minnesotans
June 4, 2019  |  By Corey Butler
Most everyone can agree on this: Taxes are confusing. They’re multifaceted, multilayered and can recur at different times of the year... Read more
Independence: Don't lose it!
July 1, 2019  |  By Faye Hayhurst, CPA
CPAs, too, have worked hard in the area of independence. Their reputation as professionals trustworthy of reporting on financial statements relies significantly on independence... Read more
Small-business owners: Receive free advice at Small Business Advisory Day
July 16, 2019  |  By Corey Butler
We're all familiar with this old saying: Good things come in threes. Not wanting to break from tradition, the Minnesota Society of CPAs (MNCPA) presents the third annual... Read more
529 funds can be used for K-12 tuition, but Minnesotans should approach with caution
July 22, 2019  |  By Carolyn LaViolette
Back-to-school shopping season is upon us, which means kids will be returning to school before we know it. For some, this can be a financially stressful time... Read more
Your expertise will help provide clarity on Minnesota's 2019 tax law changes
August 5, 2019  |  By Geno Fragnito
Let's crunch the numbers: It's been about two months since Gov. Walz signed the 2019 tax bill, HF 5, into law. The new tax law affects three tax years... Read more
Discovering unexpected gifts in candid conversations
August 9, 2019  |  By Linda Wedul
One of the most rewarding parts of my job is attending MNCPA events and meeting new people. I greatly enjoy having conversations with members... Read more
Wayfair: Challenges, strategies, opportunities
August 14, 2019  |  By Faye Hayhurst, CPA
It’s hard to overstate the impact of the U.S. Supreme Court’s decision in South Dakota v. Wayfair, Inc. (June 21, 2018), which allows states to require a remote seller... Read more
Use technology to your advantage, but don’t lose sight of the fundamentals
September 10, 2019  |  By Geno Fragnito
Nearly every professional industry is witnessing a technological revolution. The CPA profession alone has seen its share of new software and automation options... Read more
Candid reflections: An overview of our women's event
September 24, 2019  |  By Linda Wedul
The range of experience at Candid Conversations With Women was incredibly deep: from firm partners nearing retirement to a new graduate just beginning to sit for the exam... Read more
Calculated risk
October 1, 2019  |  By Faye Hayhurst, CPA
Who do business people call when they need help with calculating just about anything? Their CPA, of course! But when it comes to evaluating where their own risks lie, do CPAs fully... Read more
Finding qualified staff: A new approach
October 31, 2019  |  By Linda Wedul
Are we looking for the unicorn employee and then disappointed when one can’t be found? To help address the staffing challenge, each business should... Read more
Giving to the max has its tax benefits on Minnesota returns
November 8, 2019  |  By Carolyn LaViolette
Minnesotans give generously to local charities every year. Charitable donations bring... Read more
2019 tax law reveals significant issues for some taxpayers
December 18, 2019  |  By Geno Fragnito
Earlier this year, I wrote about how your expertise can help clarify Minnesota's 2019 tax law changes. This post ran shortly after... Read more
Not-for-profits receive a welcome year-end gift: A repeal of the parking lot tax
January 7, 2020  |  By Faye Hayhurst, CPA
Since the end of 2017, a hot topic of conversation for not-for-profit leaders and the CPAs who serve them has revolved around a particular provision within the Tax Cuts and Jobs Act... Read more
Listen to the music: Your tax season playlist
January 14, 2020  |  By Kinzie Jensen
For more reasons to smile at work — especially during stressful, busy times like tax season — consider popping in your ear buds... Read more