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.

Minnesota 96

Minnesota Illinois cpas CPA 96

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. Minnesota Statutes 2022, section 326A.03,

Minnesota 110

Minnesota CPA Education cpas 110

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. It is in these conversations that new ideas and rationales emerge for making change.

Minnesota 65

Minnesota cpas CPA Account 65

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.

payroll tax 110

payroll tax West Virginia payroll cpas 110

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. Back to Jen and her LinkedIn post.

CPA 104

CPA Minnesota accounting firms cpas 104

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.

Minnesota 52

Minnesota CPA payroll public accounting 52

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.

audit 64

audit Minnesota Account accountant 64

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.

Account 104

Account accountant accounted accounting and finance 104

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.

cpas 98

cpas Education Minnesota accounting degree 98

Cherry Bekaert

SEPTEMBER 21, 2023

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.

Minnesota 101

Minnesota Nebraska Mississippi Oregon 101

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.

Minnesota 94

Minnesota cpas audit CPA 94

TaxConnex

MAY 7, 2024

Minnesota may enact legislation to tighten guidelines on creation of local sales taxes. In early 2025, sales and use tax filers and tax preparers will have a new self-service portal that aims to provide more control over taxpayer’s own accounts, providing faster access, easier filing and better assistance with tax account information.

Rhode Island 193

Rhode Island Sales Tax South Carolina 193

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

Minnesota 108

Minnesota South Carolina auditor CPA 108

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.

Tax 131

Tax Minnesota income tax payroll tax 131

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).

Account 97

Account accountant accounted CPA 97

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.

South Carolina 122

South Carolina Account accountant accounted 122

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.

tax preparation 94

tax preparation Gambling Account accountant 94

Going Concern

JUNE 26, 2023

Journal of Accountancy reports : IFRS S1, General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2, Climate-related Disclosures have an effective date of Jan. The post Monday Morning Accounting News Brief: PwC Sells Off; Minnesota’s Oldest Woman Accountant | 6.26.23

Account 52

Account accountant accounted Minnesota 52

Going Concern

JANUARY 22, 2024

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. They envisioned an accounting firm where the best practitioners couldn’t wait to get in the door and clients were lining up to receive unsurpassed service.

intermediate accounting 59

intermediate accounting Minnesota Account accountant 59

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.

North Dakota 58

North Dakota Rhode Island West Virginia South Dakota 58

Going Concern

JULY 17, 2023

Also this: How the big four accounting firms infiltrated governments, earning more than $10b over a decade while taxpayers are in the dark : They’ve been described as an infestation. The big four accounting firms — EY, Deloitte, KPMG and PwC — are now under the spotlight like never before. This is from U.S.

Account 76

Account accountant accounted auditor 76

Accounting Today

NOVEMBER 16, 2023

Nepsis, a Minneapolis-based financial advisory and investment management firm, has acquired Sevenich, Butler, Gerlach, & Brazil, a tax, accounting and consulting firm in Saint Paul, Minnesota.

Minnesota 67

Minnesota tax accountant Tax Account 67

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.

North Carolina 147

North Carolina Oklahoma Ohio Tax 147

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.

North Carolina 130

North Carolina Oklahoma Ohio Tax 130

TaxConnex

JUNE 22, 2023

Government Accountability Office. Minnesota has enacted legislation for a 50-cent retail delivery fee, effective July 1, 2024. But the latter then had to evaluate changing tax responsibilities under economic nexus thresholds and physical presence standards. See a history of sales tax here.) The fee does go up a penny in July.

South Dakota 130

South Dakota North Dakota Colorado Minnesota 130

TaxConnex

DECEMBER 14, 2023

Professional services” comprise legal work, medical care, accounting and other services from licensed specialists. In Minnesota , the service of delivery of aggregate materials is exempt if the materials are for road construction. Business services” are those that a business might contract out to a third party.

West Virginia 206

West Virginia Virginia Kentucky Minnesota 206

Going Concern

DECEMBER 13, 2023

The accounting profession is in for a bumpy road in 2023: Staff shortages will persist – salaries remain low & hours high [Yep. Oh if only he knew in January what was to come just four months down the line… In 2023, there was a great beef between the AICPA and Minnesota that is still ongoing. No, it definitely is.

Minnesota 92

Minnesota CPA Start-ups audit 92

Going Concern

SEPTEMBER 18, 2023

This next wave of hiring will help the IRS add key talent like tax accountants to help reverse a decade-long decline of audits for the wealthy as well as complex partnerships and corporations. Tax records show an Overland Park accounting firm, Graham & Associates, prepared the tax reports for the Overland Park Police Officer’s Foundation.

audit 64

audit Account accountant accounted 64

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. It is in these conversations that new ideas and rationales emerge for making change.

CPA 52

CPA Minnesota cpas Account 52

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?”

Account 52

Account accountant accounted accounting and finance 52

CPA Practice

APRIL 5, 2024

Taxpayers in Washington will pay the most on everyday expenses ($83,014), followed by those in California ($78,191), accounting for food, clothing, personal care, and entertainment. Minnesota $1,645,072 $589,066 35.8% Minnesota $1,645,072 $589,066 35.8% Connecticut $1,731,261 $855,307 49.4% Vermont $1,442,094 $651,434 45.2%

West Virginia 127

West Virginia Rhode Island South Dakota North Dakota 127

Going Concern

SEPTEMBER 15, 2023

Chattanooga Times Free Press has written quite the story about legacy accounting firm Croft & Frost abruptly laying everyone off earlier this week after months of issues making payroll. The post This Shady Chattanooga Accounting Firm Just Went Down in Flames and Still Owes Staff Months of Pay appeared first on Going Concern.

accounting firms 126

accounting firms payroll South Dakota North Dakota 126

CPA Practice

FEBRUARY 7, 2023

The Hawaii Society of Certified Public Accountants is offering a webinar on February 17, 2023 titled Schedules K-2 and K-3: Why Even Partnerships and S Corporations with No Foreign Activities or Members May Need to Prepare These Forms. The Minnesota CPA and the MNCPA CPAPAC are offering CPA Day at the Capitol.

CPA 116

CPA Indiana Pennsylvania cpas 116

Going Concern

FEBRUARY 5, 2024

Financial Advisor says many accounting firms want to get on the wealth management bandwagon “to serve clients better” but of course really “ wealth management practices can be quite profitable when done well. Los Angeles Business Journal profiled some homegrown artisan accountants. accounting grads continues to drop?

Account 64

Account accountant accounted auditor 64

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.

Account 102

Account accountant accounted audit 102

Going Concern

MARCH 10, 2023

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. Doesn’t it work for the Boards of Accountancy of the states who pay NASBA membership dues and fees for services?

cpas 104

cpas Illinois Minnesota CPA 104

MyIRSRelief

JULY 3, 2023

Certified Public Accountants (CPAs): CPAs are licensed accountants with expertise in tax matters. Louis, Missouri Omaha, Nebraska Minneapolis, Minnesota Tampa, Florida Anaheim, California Cincinnati, Ohio Honolulu, Hawaii Bakersfield, California Riverside, California Oklahoma City, Oklahoma Durham, North Carolina Wichita, Kansas St.

audit 130

audit North Carolina Oklahoma Ohio 130