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The Beef Between the AICPA and Minnesota Over the 150 Hour Rule Heats Up

Going Concern

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.

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Services: Taxable or not?

TaxConnex

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.

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Friday Footnotes: Bob Moritz Disappoints Us; ERC Window Slamming Shut; 2024 Sucks For Firms? | 3.22.24

Going Concern

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. Day to the role of director of technical activities. Louis, Missouri. I wanted an adventure.”

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Happy fifth birthday, Wayfair, as your rules keep changing

TaxConnex

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. The fee does go up a penny in July.

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Monday Morning Accounting News Brief: Deloitte CEO Says He Doesn’t Deserve His Pay; The Accountant Shuffle | 7.17.23

Going Concern

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 77
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The Benefits of Delayed Business Filings

CPA Practice

Timing is Everything In the complex world of small business finance and accounting, the strategic timing of business filings can be a game-changer. A delay allows business owners to specify a future effective date on their registration forms, granting them control over when their company officially becomes a legal entity.

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Best States to Practice Dentistry In

DentalAccounting

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.