Government
Articles
Preparing for an ERC audit
It’s the season for IRS ERC exams — are you or your client prepared?
Am I eligible for the BOA’s retired status? [MNCPA]
Learn about important news from the Minnesota Board of Accountancy. Monthly topics include rules, CPE requirements, CPA exam information, licensing, and more.
Broader dialogue boosts existing — and new — relationships [MNCPA]
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.
Opening the nexus chamber of secrets [MNCPA]
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.
Tax issues you might have missed during year-end close [MNCPA]
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.
Don’t beat around the bush this June 30! [MNCPA]
Learn about important news from the Minnesota Board of Accountancy. Monthly topics include rules, CPE requirements, CPA exam information, licensing, and more.
New Revenue commissioner answers MNCPA questions [MNCPA]
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.
MNCPA sets 2023 legislative agenda [MNCPA]
Federal conformity and private letter rulings are once again at the top of the list
MNCPA sets 2022 legislative agenda [MNCPA]
It’s imperative issues that affect the CPA profession and those you serve continue to get attention from lawmakers.
Forgetting firm permit renewal: How bad is it? [MNCPA]
Forget the small stuff. Here’s why forgetting to renew your firm permit for 2023 is a very big deal.
Technology is key to relationships, our work [MNCPA]
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.
Minnesota Department of Revenue is committed to engagement amid change [MNCPA]
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.
Minnesota legalizes THC edibles
Following the July 1, 2022 legalization of unregulated THC products derived from hemp in Minnesota, here are some factors employers should keep in mind.
Signs of progress on our journey to normal [MNCPA]
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.
Things to watch for this filing season [MNCPA]
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.
Building a tax system for all Minnesotans [MNCPA]
Minnesota Department of Revenue Commissioner Robert Doty writes about creating a tax system for all.
Year-end tax planning in flux [MNCPA]
Last-minute tax legislation is making planning especially difficult this year. Here’s a look at seven tried-and-true tax planning approaches and how they may change.
Firm permit renewal is a very big deal [MNCPA]
Without a permit, a firm cannot operate or advertise as a CPA firm, nor perform compilations, audits or other attest services.
Complexity and rapid rates of change — CPAs know both [MNCPA]
Who better than a CPA to serve as a subject-matter expert and influence decision-makers, while also building your sphere of influence and growing your professional network?
Don’t be scared! Renew and report before Dec. 31 [MNCPA]
Make no bones about it, Dec. 31 is your deadline for renewing and reporting to the BOA. Miss it and you’re out of compliance.
What tax practitioners need to know about cybersecurity [MNCPA]
While leaders and security experts continue to evolve protective measures to lessen the threat of tax identity theft, tax preparers must take precautions to shield themselves and their clients.
Creditworthiness verifications and PPP loans
CPA firms receiving requests from lenders for creditworthiness verifications for clients who had requested Paycheck Protection Program (PPP) loans were often unsure of how to respond.
Should employers require a mandate to vaccinate?
President Joe Biden last week unveiled new vaccination requirements that are expected to have major repercussions for employers.
A complex intersection of state and federal tax laws [MNCPA]
The Minnesota Department of Revenue provides and update on its implementation and process of tax law changes.
Minnesota resident trust law update [MNCPA]
The Fielding result may influence a broader and more fact- and circumstances-based test in determining whether a trust is subject to Minnesota tax.
Why would I need a single audit now? [MNCPA]
New federal dollars allocated to many nonprofits might bring additional oversight not previously expected.
The 10 biggest myths (missed opportunities) with the Employee Retention Credit
Many CPAs are not fully understanding the nuances and complexities of this expanded law.
Communications the key to our sustainable relationship [MNCPA]
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.
A year of new challenges, opportunities to connect at the Capitol [MNCPA]
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.
Well, hello, June 30! [MNCPA]
Learn about important news from the Minnesota Board of Accountancy. Monthly topics include rules, CPE requirements, CPA exam information, licensing, and more.
American Rescue Plan and employee-related issues
On March 12, 2021, the American Rescue Plan Act (ARPA) of 2021 was signed into law creating a $1.9 trillion stimulus package to address continuing needs related to the COVID-19 pandemic.
Doty: I choose to use it as a positive [MNCPA]
Robert Doty, Minnesota Department of Revenue commissioner, answers questions about his new role.
Emerging trends in data governance and privacy [MNCPA]
Business professionals have an absolute need to understand critical emerging trends in data governance and privacy.
IRS launches Operation Hidden Treasure targeting unreported crypto for criminal, civil prosecution
Operation Hidden Treasure is the most recent and, by far, the most important for the IRS with their top priority on cryptocurrency tax and nonreporting by taxpayers.
Does your employee handbook create an employee contract?
How a recent court case sheds a light on paying out PTO.
A year of lessons, reflections; adapting in the time of COVID [MNCPA]
Get insight and news from MNCPA leadership about the organization and professional issues.
MNCPA 2021 legislative agenda set [MNCPA]
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.
Pulse Survey results guiding MNCPA offerings in 2021 [MNCPA]
Since the start of the pandemic, the MNCPA has sent multiple Pulse Surveys to determine how COVID-19 is impacting your business. Here's what we learned and are doing.
2020 Compliance Supplement Addendum – key single audit considerations
Here are some key items expected to be included in OMB's 2020 Compliance Supplement Addendum, and what auditors need to know before performing single audits.
Challenge, change and partnership [MNCPA]
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.
MNCPA member benefits are tangible and intangible [MNCPA]
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.
Reminders for voting in Minnesota
With Election Day nearly upon us, there are many rules to remember. No, not only for voters ourselves, but also in terms of employees and employers.
2020: New decade, new challenges, new opportunities [MNCPA]
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.
Hands-on collaboration still key in a virtual year [MNCPA]
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.
Dealing with return-to-work stress
As more workers transition back to the office, what can organizations do to plan for a safe, comfortable transition?
2020 — the legislative session no one expected [MNCPA]
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.
Chapter 11 bankruptcy became easier just in time for the COVID-19 fallout [MNCPA]
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.
BOA extends CPE reporting period [MNCPA]
Learn about important news from the Minnesota Board of Accountancy. Monthly topics include rules, CPE requirements, CPA exam information, licensing, and more.
Facing COVID-19 challenges together [MNCPA]
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.
The taxation of trusts in Minnesota [MNCPA]
The implications of recent court cases could be significant for Minnesota taxes.
View from Revenue: Season of change [MNCPA]
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.
Highlights of the CARES Act
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act, H.R. 748 (the Act)) was enacted into law on March 27, 2020. It contains many tax provisions that impacts your practice and life immediately as our nation and world combats the COVID-19 pandemic.
COVID-19 (coronavirus) guidance for employers
How should your office leaders prepare for and respond to a potential pandemic affecting the workplace?
View from Revenue: Teaming up to help Minnesota businesses [MNCPA]
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.
2023 legislative session review [MNCPA]
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.
CPAs are stronger together [MNCPA]
Get insight and news from MNCPA leadership about the organization and professional issues.
MNCPA Perspectives blog posts
A clearer pathway to CPA licensure vital to the financial health of Minnesota nonprofits
The current shortage of CPAs has hit the nonprofit sector especially hard because nonprofits cannot easily increase their funding to pay higher rates for the CPAs that are available ...
Member testimony on Senate File 1660
The following texts are excerpts from each individual’s prepared remarks...
Pathways CPA licensure bill advances in Senate
The MNCPA-backed bill to broaden the pathways to CPA licensure, advanced in the Minnesota Senate today. Watch the hearing now...
Township association supports proposal to increase number of Minnesota CPAs
To be frank: CPA firms are needed to audit many of the townships in Minnesota, and there simply are not enough of them! Something urgent needs to be done...
Connect with legislators concerning CPA pathways licensure bills
Can one voice have an influence? Yes! When you share how an issue affects you, your business or your clients, it elevates an issue for legislators...
Make your voice heard
Why attending CPA Day at the Capitol matters
CPAs hold a unique position of being a trusted adviser, expert on financial matters and a pillar of economic stability for individuals, businesses and communities across Minnesota...
CPA licensure bills return to Minnesota Legislature
The 2024 Minnesota legislative session convened this week and bills introduced last year automatically rolled over into the second year of the biennium...
Reaching high school students: Ideas from CPAs
As part of our annual MNCPA Tax Survey, we recently asked members a score of questions, including their ideas about what they have done or suggest for encouraging more students to get involved in the accounting industry...
Recent grads dish on 150 hours, CPA licensure
Hear from six current and recent students from two Minnesota universities to see how they view the accounting profession, the requirements around accreditation and how these weighed into their professional choices...
Choice in auditors is good for Minnesota
It is imperative residents engage with local governments and there is spending oversight. Whether we are discussing private businesses, not-for-profit or governmental entities...
HR resources for new leave laws
Critical compliance changes are in store for employers thanks to new and revised leave laws at both the state and federal level...
We must change the conversation around pathways to CPA licensure
It is no secret the field of accounting has both pipeline and diversity problems. There are many actions that should be taken to address these problems, and one of those is to follow Minnesota’s lead...
Understanding the new 1099-K rules in 2023
With changes from the American Rescue Plan Act of 2021, the threshold for a Form 1009-K has been cut drastically both in terms of the number of transactions and the amount of revenue earned...
The CPA pipeline: Students are the future
The 2023 MNCPA Annual Meeting this month provided an opportunity to reflect on challenges by discussing areas of the profession that still need addressing, such as the CPA pipeline...
Experiential learning: An evolution in how knowledge is obtained by prospective CPAs
As the AICPA and NASBA consider new ways to enhance the attractiveness of the profession to counter a drop in accounting student enrollments and retain them...
Legislator BBQ event a success; what’s next for the YPG?
Rep. Matt Norris and Sen. Zack Duckworth joined the Young Professionals Group, sharing their takeaways from the recent legislative session...
Why should a school district care about CPA licensure?
Working in public education, I am acutely aware of how difficult it is to hire quality staff, but I never took a step back to think about what this means in other sectors throughout Minnesota...
Broadening the pathways to CPA licensure discussion will continue
The MNCPA board-approved 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...
NASBA votes to extend CPA Exam window to 30 months — but it’s not that easy
The amendment increases the length of conditional credit from 18 months to 30 months. Individual state boards of accountancy still need to vote on the measure ...
Learn more about proposed changes to Board of Accountancy rules
The Minnesota Board of Accountancy is seeking comments as it moves through its process of adopting new rules. Please submit comments through May 3, 2023...
Snow shuts down Capitol; CPA Day rescheduled
Sometimes, Mother Nature goes for the knockout blow...
A front-row seat to tax conformity bill signing
Last week, Gov. Tim Walz signed a federal conformity bill after it moved through both the Minnesota House (132-0 vote) and Minnesota Senate (67-0) this week. This hit a suggested deadline by Paul Marquart...
With the election over, what’s next?
Want to stay informed on legislative happenings? Here's how...
The ins and outs of Election Day
I served as an election judge in 2016. It was a fascinating opportunity to learn more about the rules of voting in Minnesota. But even for those of us who are more involved...
Be a voter and leader
Every Minnesota state senator, representative, state office holder (governor, attorney general, secretary of state, auditor) are on the ballot, along with...
Elections matter: Your participation is important
This year’s election has an election dynamic that happens only once every 20 years. After redistricting this year, there are elections in all 201 legislative districts...
Your voice matters — use it
Your voice — the CPA voice — is invaluable to Minnesota lawmakers. Be heard today.
Don't let a single audit take you by surprise
When various federal funds funneled to this nonprofit as a result of COVID-related legislation, the organization, for the first time, hit the $750,000 threshold to trigger a single audit...
Major audit standard implementation: Are you ready?
SAS 134–140: If your firm performs audits, they should be top of mind right now.
Is a single audit in your future? It might be closer than you think
Given the amount of federal grants available for pandemic relief in the past year, entities may find themselves in single audit territory for the first time...
MNCPA urges congressmembers to extend first quarter estimated tax payments
It’s not always easy to see what our government relations efforts look like on the surface. But the following shows that our advocacy work is making a difference for members...
Join the MNCPA!
MNCPA membership grows as you do, helping you to be the best accounting professional you can be at every stage of your career.
Become an MNCPA member and:
- Pay less to attend many CPE and YPG events.
- Save up to $150 on conferences with the VIP rate.
- Access more than 20 free CPE credits annually.
Plus, new associate members receive the required ethics course for licensure free.
Apply Now Learn more
