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Footnote Magazine

December 2023/January 2024

Read about the importance of practice continuation agreements and learn how to set one up for your firm in the December/January issue. Also in this issue:

• Stay ahead of QM implementation standards by following some practical steps.
• See how to navigate new Beneficial Ownership reporting standards under the Corporate Transparency Act.
• Take a look at trends and areas of focus for peer review.
• Celebrate MNCPA member honorees of the 2023 CFO of the Year award.
• Review highlights from the MNCPA's 2023 Tax Conference.

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

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

Navigating change in our lives, profession
Bob Cedergren, CPA
Get insight and news from MNCPA leadership about the organization and professional issues.

Planning for the worst
Charles E. Jones, Esq. and Taylor D. Sztainer, J.D.
CPA firm owners face a never-ending stream of challenges. Learn how to plan for the unexpected in a way that protects clients and staff.

Quality Management standards
Faye Hayhurst, MNCPA director of finance and administration
We’re now a year and a half closer to Dec. 15, 2025, the date by which QM implementation is required. Follow these practical steps to prepare your firm for compliance.

Celebrating the 2023 CFO of the Year honorees
Julia Shiota, MNCPA communications coordinator
Get to know the MNCPA member honorees of the Minneapolis-St. Paul Business Journal's 2023 CFO of the Year awards.

Navigating the Corporate Transparency Act
Art Werner
Many CPAs are starting to express concern as to what their responsibilities are regarding the Corporate Transparency Act (CTA). So, what is Beneficial Ownership, anyway?

Dispatches from the MNCPA Tax Conference 2023
Highlights from the nationally-recognized event for CPAs, tax advisers, accounting firm tax teams and corporate tax experts.

The latest from peer review
Sean Linton, CPA
SQMS takes effect at the end of 2025 and many firms are currently planning their adoption. Let’s take a moment to examine the results of the 2023 peer review cycle.

Minnesota BOA adopts rules package
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.

Perfect your accounting firm playbook: 3 easy steps to improve profitability
Emiley Parker
In these ever-changing times, adaptability is key. Here are three easy steps to enhance your accounting firm's profitability playbook and ensure consistent cash flow in an uncertain future.

Important tips for job seekers
Ann Boarman
Read about insider tips to help in the job search process and to land your next career.