TaxConnex
APRIL 28, 2022
In years past, auditors could show up at your door asking to look at your records. Many audits are conducted remotely, and an auditor never visits your office. Auditors can tap different data sources to select audits more accurately based on the level of risk, and to use new tools to automate the repetitive tasks of an audit.
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,
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TaxConnex
JULY 9, 2024
States frequently introduce new sales tax returns, such as Colorado and Minnesota for their new retail delivery fees. Regarding reconciliation of data to your sales tax returns, auditors don’t generally look at returns, but you still should prepare your return as accurately as possible. Double-check the presentation of your invoices.
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
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.”
TaxConnex
OCTOBER 25, 2022
Minnesota also reported a slower-than-forecast August for sales tax. Auditors reported problems with the Louisiana Sales and Use Tax Commission for Remote Sellers. Several states, including California and New Jersey, have projected a slowdown in sales tax growth in the next fiscal year. Blue bayou.
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.
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