Patriot Software

JULY 21, 2023

Beginning in 2026, Minnesota employers will be responsible for handling payroll deductions for the new Minnesota paid family leave program. The Land of 10,000 Lakes is the latest state to launch a paid family and medical leave program. The upcoming MN paid family leave means employers and employees pay into a state fund.

Minnesota 73

Minnesota payroll 73

CPA Practice

JUNE 2, 2023

Abdo LLP, a leading full-service accounting and advisory firm based in Minnesota, announced today that HG&K, Ltd. HG&K is a mid-size accounting firm based in Minnetonka, Minnesota, and has been providing accounting and advisory services to a broad range of businesses and organizations since 1978. has merged with the firm.

Minnesota 95

Minnesota accounting firms Account accountant 95

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 92

Minnesota Illinois cpas CPA 92

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 64

Minnesota cpas CPA Account 64

Going Concern

FEBRUARY 17, 2023

Given this, it is our pleasure to inform you that bills have been introduced to the Minnesota legislature — HF 1749 and SF 1660 — that would add an alternative pathway of 120 units and two years experience, while leaving the option to go down the state’s existing 150 hour path as well. Minnesota Statutes 2022, section 326A.03,

Minnesota 99

Minnesota CPA Education cpas 99

CPA Practice

DECEMBER 11, 2023

Taylor, Kiplinger Consumer News Service (TNS) According to Minnesota Gov. Tim Walz, the IRS will tax state rebates sent to many Minnesota residents in 2023. These rebates, commonly known as “Walz checks,” were worth up to $1,300 in some cases and were a result of a $3 billion Minnesota tax relief bill passed earlier this year.

Minnesota 105

Minnesota Tax tax return Washington 105

TaxConnex

JUNE 15, 2023

And last month, Minnesota enacted legislation for a 50-cent retail delivery fee, effective July 1, 2024. Minnesota lawmakers had proposed a 75-cent fee. The Minnesota legislation does Contact us  to find out if your business could be impacted by changing sales tax laws and to help alleviate your burden of sales tax compliance.

Colorado 130

Colorado Sales Minnesota Tax 130

Cherry Bekaert

SEPTEMBER 21, 2023

Minnesota On July 27, 2023, the Minnesota Department of Revenue issued updated guidance detailing changes to the state’s PTE Tax, beginning in tax year 2023, that were enacted under the legislation House File 1938 in May. Taxpayers affected will automatically have their accounts adjusted to reflect the abated penalty.

Minnesota 101

Minnesota Nebraska Mississippi Oregon 101

TaxConnex

APRIL 4, 2024

Several states also tossed in the number of transactions over a previous period: $100,000 or 200 transactions in the prior 12 months in Minnesota, for instance, or $500,000 and 100 transactions over the previous four sales tax quarters in New York. At least some states that initially instituted them are now axing transaction thresholds.

South Dakota 207

South Dakota North Dakota Wisconsin Iowa 207

CPA Practice

MARCH 7, 2024

And although the winters can be cold, residents of the “Land of 10,000 Lakes,” are often called “Minnesota Nice.” The south is often called, “folksy.” But another state has come in first in the 2023 Politeness Index of U.S. business owners.

Alaska 111

Alaska Missouri Minnesota Maine 111

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. It is rare that legislation is passed as originally introduced.

cpas 95

cpas Education Minnesota accounting degree 95

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. The list of states that tax Social Security has grown smaller in recent years. Craig represents.

Tax 131

Tax Minnesota income tax payroll tax 131

TaxConnex

MARCH 5, 2024

Minnesota: The Department of Revenue notes that NFTs are subject to sales and use tax when the underlying product (goods or services) is taxable in Minnesota. So far, Pennsylvania reportedly just lists NFTs as “taxable,” though Michigan does go so far as to classify NFTs as digital goods not subject to the state sales and use tax.

Sales 147

Sales Tax Wisconsin Minnesota 147

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 99

CPA Minnesota accounting firms cpas 99

CPA Practice

OCTOBER 11, 2023

Following Colorado, Minnesota created a new retail fee that requires retailers and marketplace providers making deliveries of “tangible personal property” to customers in the state to remit a $0.50 A big challenge of the Minnesota law, which is set to go into effect in July 2024, is how businesses will integrate the fee into their operations.

Minnesota 109

Minnesota Tax Colorado Oregon 109

CPA Practice

NOVEMBER 15, 2023

Other Minnesota companies that made the Forbes list this year include DigiKey at 121; Mortenson at 131; Ryan Cos. of Virginia was briefly based in Minnesota when the company introduced the Milky Way bar a century ago. As for public companies, Minnesota has one in the top 10 in the U.S.: at 160; and Andersen Corp. at 170 with $3.8

Minnesota 59

Minnesota Virginia 59

Going Concern

MARCH 22, 2024

Education Counterpoint: Neither you nor accountants should fall for an anti-licensing agenda [ Minnesota Star Tribune (Opinion)] Author Marta Zaniewski is vice president for state regulatory and legislative affairs at the American Institute of Certified Public Accountants and executive director of the Alliance for Responsible Professional Licensing.

Minnesota 84

Minnesota cpas audit CPA 84

Going Concern

SEPTEMBER 6, 2023

Let’s note here quickly that many of the “anti-150” folks aren’t lobbying to abolish it completely but to offer alternative pathways such as Minnesota’s proposal to create a second pathway to licensure that would require 120 units of education and two years of experience. We needed to take some action.”

Minnesota 96

Minnesota South Carolina auditor CPA 96

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 61

audit Minnesota Account accountant 61

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 65

Minnesota tax accountant Tax Account 65

TaxConnex

JUNE 22, 2023

Minnesota has enacted legislation for a 50-cent retail delivery fee, effective July 1, 2024. Colorado apparently listened and is exempting retailers whose sales of tangible personal property, commodities or services in the state in the previous year totaled $500,000 or less. The fee does go up a penny in July.

South Dakota 130

South Dakota North Dakota Colorado Minnesota 130

MyIRSRelief

MAY 24, 2023

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.

North Carolina 147

North Carolina Oklahoma Ohio Tax 147

TaxConnex

OCTOBER 25, 2022

Minnesota also reported a slower-than-forecast August for sales tax. Minnesota revised its sales tax fact sheet regarding the application of sales and use tax to digital products to include non-fungible tokens (NFTs), stating that NFTs are subject to sales and use taxation when their underlying products are also subject to tax.

South Dakota 130

South Dakota Sales Tax South Carolina 130

CPA Practice

FEBRUARY 19, 2024

Wyoming, South Dakota, North Dakota, New Hampshire, Montana, Maine, Utah, Kansas, Minnesota, Maryland, Idaho, Oregon, Colorado, Missouri, Nebraska, Florida, Ohio, Wisconsin, and Massachusetts also made the list. Notably, of the states with the highest absolute percentage of minority-owned businesses (Hawaii, Washington D.C.,

South Dakota 105

South Dakota North Dakota Maryland New Hampshire 105

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

TaxConnex

DECEMBER 14, 2023

In Minnesota , the service of delivery of aggregate materials is exempt if the materials are for road construction. Some services are regulars on states’ sales tax lists: cleaning, painting, cable and pay TV, photography and credit reporting, to name a few. States also tax services with nuance. Indiana taxes services, but only a few.

West Virginia 207

West Virginia Virginia Kentucky Minnesota 207

MyIRSRelief

MAY 24, 2023

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.

North Carolina 130

North Carolina Oklahoma Ohio Tax 130

CPA Practice

APRIL 9, 2024

and West Virginia) Washington, D.C.

payroll tax 110

payroll tax West Virginia payroll cpas 110

TaxConnex

FEBRUARY 1, 2024

Other states such as Minnesota and New York are pursuing their own delivery fees, with others sure to follow. Colorado recently introduced a contentious fee on all retail deliveries in the state where at least one tangible personal property item is subject to sales tax. In the Not All News Is Bad Dept.,

Sales 230

Sales Tax Minnesota Colorado 230

Cherry Bekaert

AUGUST 10, 2023

Minnesota The Minnesota Department of Revenue issued a 2023 Legislative Session summary of Tax Law Changes , including changes to Minnesota’s PTET effective for the 2023 tax year that were enacted as part of the state’s omnibus tax bill, House File No. House Bill No.

Alabama 98

Alabama Ohio Iowa Louisiana 98

TaxConnex

DECEMBER 28, 2023

That contention hasn’t stopped other states, such as Minnesota and New York, from pursuing their own delivery fees; Minnesota’s starts in 2024. For instance, Colorado recently introduced a contentious fee slapped on all retail deliveries in the state where at least one tangible personal property item is subject to sales tax.

South Dakota 222

South Dakota Sales Tax Louisiana 222

CPA Practice

APRIL 5, 2024

Minnesota $1,645,072 $589,066 35.8% The table below shows a state-by-state breakdown of the average lifetime earnings compared to estimated lifetime taxes, and the percentage of earnings that will go toward tax payments, according to Self Financial: State Lifetime earnings Lifetime taxes % of earnings New Jersey $1,818,191 $987,117 54.3%

West Virginia 126

West Virginia Rhode Island South Dakota North Dakota 126

Withum

JULY 16, 2021

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Minnesota 52

Minnesota Tax 52

TaxConnex

NOVEMBER 8, 2022

According to a recent guide from Bloomberg , nine states treat crypto the same as they do cash for transactions for sale tax purposes: California, Kansas, Kentucky, Michigan, Minnesota, New Jersey, New York, Washington and Wisconsin. Adds New York , “For sales tax purposes, convertible virtual currency is intangible property.

Sales 130

Sales Tax Wisconsin Kentucky 130

CPA Practice

JANUARY 8, 2024

In addition to the IRS webinars, other training opportunities will be available during Tax Professional Awareness Week at courses, seminars or expos presented by members of the tax professional community including the Texas Society of CPAs, the University of Minnesota and the University of Michigan.

Tax 111

Tax tax return income tax Minnesota 111

CPA Practice

APRIL 9, 2024

In 2023, several states including Maryland and Pennsylvania implemented new green fees; Ohio, Tennessee, and Florida deployed new sales tax exemptions or updated their existing exemptions; and Minnesota brought on new delivery fees. Since 2014, an average of 372 sales and use tax rate changes have occurred annually.

Sales 110

Sales Tax Minnesota Tennessee 110

TaxConnex

JANUARY 17, 2023

A mixed package incurs sales tax on the portion of shipping equal to that portion of the package that is taxable goods: This occurs in Arkansas, Minnesota, Nebraska, New York, North Carolina and Rhode Island.

Rhode Island 130

Rhode Island West Virginia Alaska North Dakota 130