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State CPA Societies in Action: Minnesota Society of CPAs (MNCPAs)

CPA Practice

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. has been experiencing a slight decline in member.“Like

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Bill on Alternate Path to CPA Licensure Gains Momentum in Minnesota Senate

CPA Practice

A Minnesota legislative committee advanced a bill in the state Senate on March 7 that would add an alternative pathway to CPA licensure while also maintaining the 150 credit-hour option. A companion bill in the Minnesota House of Representatives, House File 1749 , has yet to receive a hearing date.

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Payroll Taxes Demystified: A Breakdown for Accountants and CPAs Serving Business Owners

CPA Practice

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.

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10 Best States to Pursue a Career in Accounting

CPA Practice

By Erin Bendig, Kiplinger Consumer News Service (TNS) Thinking of pursuing a career in finance? 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. Finance Career Score /10: 9.65 2.

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State Pass-Through Entity Tax Updates: September 2023

Cherry Bekaert

These can be filed online through a taxpayer’s Revenue Online account beginning September 1, 2023, and until June 30, 2024. Taxpayers affected will automatically have their accounts adjusted to reflect the abated penalty. Illinois The Illinois Department of Revenue recently issued an Informational Bulletin FY 2024-03.

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Does the 150 Hour Rule Provide Value to the Profession or to Students as Future CPAs? No, Says Professor

Going Concern

Big 4 alum and professor of accounting and finance at the College of Saint Benedict and Saint John’s University in Minnesota Boz Bostrom has penned a piece for the MNCPA blog on why, in his opinion and supported by research, the 150 hour rule must change. This has been my challenge with Minnesota.

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150 Hour Rule: Let’s Keep Arguing About What Color the Drapes Should Be While the House is Burning Down

Going Concern

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. Companies, not just CPA firms, are struggling to fill senior accountant roles and jobs for accountants with three to five years of experience.

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