Legislation advances in Minnesota to relax 150-hour CPA requirement
Accounting Today
MARCH 8, 2024
A bill backed by the Minnesota Society of CPAs that would ease the path to a CPA license has moved forward in the Minnesota Senate.
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CPA Practice
JULY 5, 2023
The Minnesota Society of CPAs or MSCPA celebrated its 119 th anniversary in 2023, from the beginning crafting regulation and education to maintain high professional standards for clients, employers, and the public. has been experiencing a slight decline in member. What are the society’s top objectives for 2023?
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Going Concern
FEBRUARY 17, 2023
It was only a couple days ago that the Journal of Accountancy published an interview with NASBA CEO and President Ken Bishop in which Bishop sternly warns states against even thinking about lowering the CPA licensure requirement to 120 units, something something mobility blah blah. note: We agree.
CPA Practice
APRIL 23, 2024
Christianson PLLP joined has joined CLA Global Limited (CLA Global), an organization comprised of independent accounting and advisory firms, as an alliance member in the United States. Headquartered in Willmar, Minnesota, Christianson PLLP has six offices and more than 80 staff members.
CPA Practice
JUNE 2, 2023
Abdo LLP, a leading full-service accounting and advisory firm based in Minnesota, announced today that HG&K, Ltd. HG&K is one of the preeminent CPA firms in the market and because of that, they were sought after by many acquirers. Abdo is ranked as a Top 25 Accounting Firm by the Minneapolis/St.
CPA Practice
APRIL 19, 2024
Christianson PLLP, an accounting firm headquartered in Willmar, Minnesota, has joined as an alliance member of CLA Global. CLA Global Limited is an organization comprised of independent accounting and advisory firms. CLA Global was founded on July 1, 2022, by CliftonLarsonAllen LLP and Evelyn Partners.
Going Concern
FEBRUARY 24, 2023
That’s sort of what’s happening in the profession right now over proposed legislation in Minnesota that offers an alternative to the traditional 150 units of education required for licensure. That’s not to say Minnesota sucks, rather they are going up against the behemoth that is the AICPA.
CPA Practice
FEBRUARY 9, 2024
The company—the nation’s eighth largest accounting firm with more than 130 offices around the U.S.—has Viking Lakes also houses the Minnesota Vikings headquarters, training facilities and stadium. has hired RSP Architects and ICRAVE to design the space, which is expected to open in 2025. Tennis Association Northern. ©2024 StarTribune.
Going Concern
APRIL 5, 2023
In a LinkedIn post published March 3 , CLA CEO Jen Leary — who graduated wayyyy back when only 120 units were required — threw her support behind Minnesota Society of CPAs’ initiative to add a second pathway that would allow CPA licensure at 120 units and two years of experience.
CPA Practice
APRIL 30, 2024
By Paul Walsh, Star Tribune (TNS) An Edina, MN-based certified public accountant tapped into her clients’ bank accounts and stole more than $340,000, according to federal charges. Jeana Ann Lautigar, 57, was charged Monday in U.S.
CPA Practice
MAY 23, 2023
The Minnesota Society of CPAs (MNCPA) introduced legislation this session at the Minnesota Legislature to broaden the pathways to CPA licensure, leading to many conversations with multiple stakeholders. The problem is there are not enough people earning CPA licenses. Objection No. Objection No. Objection No.
Going Concern
MAY 22, 2024
Stephen Foley at Financial Times wrote something today that may be of interest to high school freshmen bound for the CPA track one day, an article that suggests the AICPA is giving up the fight to save 150 hours. And here’s what NPAG said about discussions they’ve had about the future of CPA education.
CPA Practice
FEBRUARY 7, 2023
State CPA Society News & Updates is a round-up of recent announcements and initiatives by CPA associations in the United States and its territories. = The Virginia Society of CPAs recently announced that the Essential Ethics courses are live and open for registration.,
Going Concern
NOVEMBER 10, 2023
The EY Accounting Professional of the Future survey has gotten some interest around the profession since it was publicized last week, as it should due to its unique approach of tapping the thoughts and feelings of different cohorts. Additionally, of the 652 CFOs surveyed in that study, close to 45% were CPAs. That’s all great.
CPA Practice
MAY 18, 2023
The American Institute of CPAs has announced the 50 winners of the 2022 Elijah Watt Sells Award. This award is granted to CPA candidates who obtain a cumulative average score above 95.50 across all four sections of the Uniform CPA Examination, pass all four sections on their first attempt and have completed testing in 2022.
CPA Practice
JANUARY 3, 2024
State CPA Society News & Updates is a round-up of recent announcements and initiatives by CPA associations in the United States and its territories. The California Society of CPAs is hosting the Real Estate Virtual Conference on January 30, 2024. The Illinois CPA Society is hosting a Corporate Finance Conference.
CPA Practice
MAY 25, 2023
The Minnesota Society of CPAs (MNCPA) introduced legislation this session at the Minnesota Legislature to broaden the pathways to CPA licensure, leading to many conversations with multiple stakeholders. The problem is there are not enough people earning CPA licenses. Objection No. Objection No. Objection No.
CPA Practice
APRIL 9, 2024
As accountants and CPAs, dealing with payroll taxes is essential to managing finances for your business clients. As an accountant or CPA, you play a vital role in: Calculating and withholding taxes correctly. Your client will be assigned an employer tax account number for the state. By Nellie Akalp.
Going Concern
MARCH 11, 2024
Minnesota’s proposal to add a second pathway to CPA licensure that doesn’t require 150 hours of education is moving forward in the MN Senate. But they are stepping forward in Minnesota to challenge national organizations with a grip on their industry. EY laid off 150 people three days before Christmas last year.
Going Concern
APRIL 25, 2023
That means it’s ultimately up to state boards of accountancy to adopt the rule, the NASBA decision only opens the door for it to happen. That means it’s ultimately up to state boards of accountancy to adopt the rule, the NASBA decision only opens the door for it to happen. As the membership organization of the 55 U.S.
Going Concern
MARCH 17, 2023
Minnesota Society of CPAs has sent a message to educators in the state regarding legislation that would introduce an alternative pathway to CPA licensure and the message to these stewards of the next generation of accountants is clear: no one is trying to eliminate MAcc programs.
Going Concern
MARCH 22, 2024
Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. Look no further, Accountingfly’s top remote accounting candidates of the week are here.
Going Concern
JULY 24, 2023
This deep dive was inspired by earlier research on student perceptions and attitudes toward accounting, especially attitudes among Black and Hispanic high school and college students [ PDF of those findings here ]. Other themes emerged among students who ultimately chose not to pursue accounting. the 150 credit hour requirement).
Going Concern
OCTOBER 20, 2023
Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Early-career hires are set to account for the majority of job losses in some teams, as Deloitte retrenches following a slowdown in demand. Welsh said.
Going Concern
SEPTEMBER 6, 2023
Amanda Iacone at Bloomberg Tax has written the accounting niche’s 1,735th article about the accountant shortage and this time, as is often the case, the focus is 150 hours. Rather, how dueling factions within the profession are fighting for and against keeping it as the only option to CPA licensure.
CPA Practice
MAY 14, 2024
As the accounting profession continues to grapple with a shortage of new CPAs and fewer accounting graduates , an independent national advisory group has published six draft recommendations in a new report on what the profession can do to restock its pipeline with young talent.
Going Concern
DECEMBER 13, 2023
Let’s Start the Year Off With Some Doomsaying Predictions For the Profession in 2023 Jack Castonguay, PhD, CPA (who is currently boycotting Twitter but whose back catalog can be found at @profjack ) tweeted these predictions, or and commentary in brackets added by me. Surprise, the tech people didn’t want to work for EY.
MyIRSRelief
MAY 24, 2023
When to Seek Help from a Certified Public Accountant A certified public accountant (CPA) is a licensed professional who has met certain education, experience, and examination requirements. CPAs are qualified to provide a wide range of accounting, tax, and consulting services.
Going Concern
JANUARY 22, 2024
I don’t mean that in the snarky “tell us again how you walked uphill both ways in the snow to the CPA exam testing gym” way. They made the intermediate accounting curriculum harder than it needed to be and used junior professors who weren't as experienced to make the class even harder. The collapse of St.
MyIRSRelief
MAY 24, 2023
When to Seek Help from a Certified Public Accountant A certified public accountant (CPA) is a licensed professional who has met certain education, experience, and examination requirements. CPAs are qualified to provide a wide range of accounting, tax, and consulting services.
Going Concern
MARCH 10, 2023
By Sharon Lassar, PhD, CPA (Florida) John J. Gilbert Professor and Director of the School of Accountancy, University of Denver Going Concern previously reported on bits of an interview with Ken Bishop , President and CEO of NASBA, published in Journal of Accountancy. Changing the Illinois Public Accountancy Act will not be easy.
CPA Practice
MAY 11, 2023
In a recent study, Tipalti found which states were the best to pursue a career in finance or accounting by analyzing the number of jobs available, average salaries, and university rankings. Here’s which states ranked best for a career in finance or accounting. They also determined the best-paying jobs for finance graduates.
Going Concern
SEPTEMBER 25, 2023
It’s been a while since we’ve done an Accountants Behaving Badly megapost ( 381 days ago , actually), here’s some bad behavior you may have missed. Twice-Convicted Accountant Is Charged With Embezzling More Than $1.1 Palos Hills Accountant Indicted In $7.8M This stock photo is incredible.
CPA Practice
DECEMBER 14, 2023
The American Institute of CPAs has released information for accounting professionals on the potential impact to their out-of-state engagements if pending state bills altering licensure requirements are enacted. We believe upending mobility would be a grave mistake,” said Susan Coffey, AICPA & CIMA’s CEO of public accounting.
CPA Practice
JUNE 6, 2023
31, 2022, went shopping recently and bought itself one of the 100 largest accounting firms in the U.S. Cloud, Minnesota-based BerganKDV, a professional services firm with 600 employees and nearly $83.9 Yesterday’s] deal is a first of its kind in the accounting profession! Creative Planning, ranked No.
CPA Practice
FEBRUARY 12, 2024
The You Earned It, You Keep It Act is referred to as a “win-win” by its sponsor, Minnesota Rep. But nine states still tax Social Security as of 2024, one of which is Minnesota—the state Rep. Angie Craig (D-Minn.). Craig said in a release. That’s because up to 85% of Social Security benefits are taxable at the federal level.
Shay CPA
SEPTEMBER 6, 2023
In fact, this tool could make accounting at your tech company significantly easier. Accounting use cases for ChatGPT Let’s look at a few ways companies are using ChatGPT to help with their bookkeeping, tax preparation, and more. #1: For example, “What state tax laws apply to my tech company in Minnesota?”
Going Concern
SEPTEMBER 1, 2023
Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Check out this week’s top remote accounting candidates. Check out this week’s top remote accounting candidates. P.S. We’re off for Labor Day, hope you are too.
DentalAccounting
NOVEMBER 12, 2019
Minnesota. Clearly, the analysis from 24/7 did not take taxes into account as these are probably the highest tax states. If you need a higher level of tax expertise, then we recommend requesting a member of the Dental Accounting Association. New Jersey. New Hampshire.
CPA Practice
MARCH 23, 2023
By Joseph Bustos, The State (TNS) South Carolina’s top accountant Richard Eckstrom says he will resign effective April 30 after disclosing to state lawmakers that he inflated the state’s cash balances for a decade, eventually reaching about $3.5 billion accounting blunder was the latest controversy for Eckstrom.
CPA Practice
JANUARY 17, 2024
Coming on the heels of a Moss Adams study that revealed 69% of accountants believe artificial intelligence has a positive impact on the accounting profession, a new report from AI customer support company DevRev found that accountants don’t fear AI advancements the most among professionals in the U.S.
Going Concern
MAY 31, 2023
“With their leadership, I look forward to our continued journey creating the advisory CPA firm of the future, today.” Ackerman, CPA Assurance – Real Estate and Construction (Washington, D.C.) Badani, CPA Assurance – Financial Services (Irvine, California) Ashley R. Barber, CPA Tax – Commercial (Iselin, New Jersey) Jason M.
CPA Practice
JUNE 6, 2023
31, 2022, went shopping recently and bought itself one of the 100 largest accounting firms in the U.S. While private equity firms getting into bed with accounting firms has been all the rage lately , the Creative Planning/BerganKDV deal is believed to be the first involving a wealth management firm purchasing a large CPA firm.
Going Concern
AUGUST 7, 2023
Good morning and welcome to another edition of the Monday Morning Accounting News Brief, a wrap-up of the stuff you missed over the weekend, some of the stuff we missed last week, and whatever went down on the other side of the world while we were sleeping on Sunday.
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