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Minnesota Legislature Passes CPA Licensure Bill

CPA Practice

Generally, the governor has 14 days to act on the presented bill. After that, without action, the bill becomes law.

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Another L For 150 Hours: Illinois Might Have Two New CPA Pathways Soon

Going Concern

See: The Beef Between the AICPA and Minnesota Over the 150 Hour Rule Heats Up in which the AICPA pleads with membership to fight against Minnesota’s “burdensome” alternate pathway plan because something something substantial equivalency.

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Marketplace facilitators, holiday sales and tricky nexus

TaxConnex

States with an economic nexus threshold that exclude gross sales from nexus have lately included Alabama, Arkansas, Colorado, Minnesota and Oklahoma.) Most states determine their threshold numbers by gross taxable sales.

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Future sales tax trends

TaxConnex

The money went to infrastructure and the idea quickly went to the capitals of other states like Minnesota. Retailers, online marketplaces and services (almost all of whom were loudly unhappy with the RDF began) must charge the shipping fee. New York might be next. Physical nexus via inventory.

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Ohio to the AICPA: Suck It, Losers

Going Concern

’ This has been my challenge with Minnesota. What exists is a very delicate system of agreement and trust, said AICPA CEO of Public Accounting Sue Coffey to Financial Times in 2023 for their article ‘US accounting profession rethinks entry rules amid staffing crisis.’ We still love you, Sue. But you lost.

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Clothing taxation – and major exemptions

TaxConnex

In Minnesota , clothing is exempt from the state sales and use tax; clothing means all human wearing apparel suitable for general use with no price limit. Minnesota is also one of the more generous states in making protective clothing tax-free: Clothing that has a protective quality does not make it taxable protective equipment.

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Realizing It’s a Losing Fight, TPTB Are Caving on 150 Hours

Going Concern

.” Although stubborn about changing rules at all, Bishop did say at the time that they’re open to discussing a change, just that they wanted it to be across the UAA and not only in certain rebellious Midwestern states (*ahem*, Minnesota).