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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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.
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CPA Practice
FEBRUARY 9, 2024
Viking Lakes also houses the Minnesota Vikings headquarters, training facilities and stadium. Other businesses and organizations located at Viking Lakes include the Omni Viking Lakes Hotel, Twin Cities Orthopedics, Infinite Health Collaborative, and U.S. Tennis Association Northern. There are also 450 market-rate apartments on site.
Patriot Software
NOVEMBER 17, 2023
On January 1, 2024, employers with employees working in Minnesota are responsible for a new workplace standard—offering paid sick leave. How much do you know about the Minnesota paid sick leave law, known as Earned Sick and Safe Time?
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.
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.
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.
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.
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.
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,
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.
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.
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.
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.
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.
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.
CPA Practice
MARCH 11, 2024
Minnesota produced $4.3 One of the things that is a bit of a bright spot is how the Minnesota delegation is working together on this issue. Amy Klobuchar had our trade ambassador in Minnesota for the State Fair, and they talked about inflation while eating corn dogs and how trade was so important to that. It’s very bipartisan.
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.
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.
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.”
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.
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 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
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.,
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.
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.
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.
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.
MyIRSRelief
MAY 24, 2023
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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.
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.
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.,
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.
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.
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.
Going Concern
DECEMBER 13, 2023
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. “If you just read the headlines around what’s going on, you might think, there’s all kinds of people who know technology out there.”
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.
TaxConnex
FEBRUARY 8, 2022
Minnesota has released updated guidance regarding the state’s requirement that out-of-state marketplace providers collect and remit Minnesota sales tax if they meet the nexus threshold. The guidance also includes, among other things, directions for how marketplace providers register to collect tax and their filing frequency.
TaxConnex
JUNE 14, 2022
Currently, states with an economic nexus threshold that don’t include gross sales include Alabama, Arkansas, Colorado, Minnesota (though there are special rules concerning “solicitors” in the state) and Oklahoma. In addition, most states determine their threshold numbers by gross sales from all revenue sources, whether they’re taxable or not.
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.
TaxConnex
MAY 30, 2023
In many states where it applies, trailing nexus lasts about a year, as in Minnesota , Wisconsin and Texas. The seller must file appropriate use tax returns for the remainder of the month of February and the next succeeding 11 months."
TaxConnex
JUNE 30, 2022
Currently, states with an economic nexus threshold that don’t include gross sales include Alabama, Arkansas, Colorado, Minnesota (though there are special rules concerning “solicitors” in the state) and Oklahoma. In addition, most states determine their threshold numbers by gross sales from all revenue sources, whether they’re taxable or not.
MyIRSRelief
JULY 3, 2023
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