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
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.
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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.
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.
CPA Practice
JUNE 2, 2023
Abdo LLP, a leading full-service accounting and advisory firm based in Minnesota, announced today that HG&K, Ltd. Abdo is ranked as a Top 25 Accounting Firm by the Minneapolis/St. has merged with the firm. In this transaction, HG&K’s three partners and 16 staff members have joined Abdo effective June 1, 2023.
Going Concern
FEBRUARY 8, 2024
Announced earlier this week, CliftonLarsonAllen has signed a 16-year lease for training space at the Viking Lakes Campus in Eagan, Minnesota just 20 minutes outside of Minneapolis. Minnesota Vikings owner Mark Wilf, whose family owns the property, is so excited to have CLA on the grounds that he started making up words.
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. has been experiencing a slight decline in member.“Like
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.
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,
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.
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
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.
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.
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 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
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.
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.
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.
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.
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.
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.
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).
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.
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.
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
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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?”
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%
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.
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.
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?
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.
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?
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.
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