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
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. The Society also holds the nationally recognized MNCPA Tax Conference, one of the largest conferences in the country.
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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
If I was a society CEO and I had some members who were having trouble hiring CPAs knocking on my door, I would be trying to react. The 150 hour rule is not a dam holding back a flood of people who would become CPAs if only 150 weren’t blocking the way. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: Section 1.
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. We welcome your feedback and questions.
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. The problem is there are not enough people earning CPA licenses. Objection No. Objection No. Objection No.
CPA Practice
APRIL 9, 2024
As accountants and CPAs, dealing with payroll taxes is essential to managing finances for your business clients. By Nellie Akalp. Understanding the details of payroll taxes helps you better assist your clients in fulfilling their obligations and maximizing tax efficiency. and West Virginia) Washington, D.C.
Going Concern
OCTOBER 13, 2023
Big 4 alum and professor of accounting and finance at the College of Saint Benedict and Saint John’s University in Minnesota Boz Bostrom has penned a piece for the MNCPA blog on why, in his opinion and supported by research, the 150 hour rule must change. This has been my challenge with Minnesota. The result is 26.4
Going Concern
MARCH 10, 2023
A cut out in the article includes this quote, “Should any state or jurisdiction lower the licensure requirement to 120 hours, their CPAs would no longer be automatically substantially equivalent and would no longer enjoy the mobility and reciprocal practice privileges they currently are afforded.” For example, Section 5.2
CPA Practice
MAY 14, 2024
As the accounting profession continues to grapple with a shortage of new CPAs and fewer accounting graduates , an independent national advisory group has published six draft recommendations in a new report on what the profession can do to restock its pipeline with young talent.
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. Which, duh.
CPA Practice
FEBRUARY 7, 2023
The Virginia Society of CPAs recently announced that the Essential Ethics courses are live and open for registration., The Virginia Society of CPAs recently announced that the Essential Ethics courses are live and open for registration., The Minnesota CPA and the MNCPA CPAPAC are offering CPA Day at the Capitol.
MyIRSRelief
MAY 24, 2023
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Going Concern
MAY 22, 2024
There’s a long, tedious process that often ends in the state capitol with a bunch of non-CPA lawmakers ultimately deciding whether or not to bequeath an education break on the state’s future professionals. They put it in bold blue text, no less. This is our attempt to bring everybody together.”
Going Concern
SEPTEMBER 6, 2023
Rather, how dueling factions within the profession are fighting for and against keeping it as the only option to CPA licensure. Here’s Bob Cedergren, chair of the Minnesota Society of CPAs: “The Deloittes and PwCs of the world have the masses, they have offices everywhere and the ability to draw on overseas talent,” he said. “We
CPA Practice
NOVEMBER 22, 2024
James is a frequent speaker at industry conferences and has shared his experience as an adjunct professor at institutions like the University of Minnesota Law School. RJI CPAs Welcomes Max Lewandowski as Audit Partner RJI CPAs recently announced that Max Lewandowski has joined the firm as an Audit Partner, effective October 9, 2024.
MyIRSRelief
MAY 24, 2023
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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
NOVEMBER 10, 2023
The one that contains this quote: From the CAQ report “Increasing Diversity in the Accounting Profession Pipeline: Challenges and Opportunities” The EY survey report continues: CPAs bring desirable skills to C-level executive roles. Additionally, of the 652 CFOs surveyed in that study, close to 45% were CPAs.
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.
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. The problem is there are not enough people earning CPA licenses. Objection No. Objection No. Objection No.
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. The work continues to grow but the supply of CPAs to do the work isn’t keeping up. … EY laid off 150 people three days before Christmas last year. We need to move forward.
CPA Practice
JUNE 1, 2023
AICPA News is a round-up of recent announcements from the American Institute of CPAs. AICPA Recognizes Top 2022 CPA Exam Performers with Elijah Watt Sells Award The American Institute of CPAs (AICPA®) recently announced the 50 winners of the 2022 Elijah Watt Sells Award.
CPA Practice
MAY 18, 2023
The American Institute of CPAs has announced the 50 winners of the 2022 Elijah Watt Sells Award. This award is granted to CPA candidates who obtain a cumulative average score above 95.50 across all four sections of the Uniform CPA Examination, pass all four sections on their first attempt and have completed testing in 2022.
CPA Practice
JANUARY 3, 2024
State CPA Society News & Updates is a round-up of recent announcements and initiatives by CPA associations in the United States and its territories. The California Society of CPAs is hosting the Real Estate Virtual Conference on January 30, 2024. The cost is $400 for Society members is $400 with a nonmember cost of $490.
Going Concern
APRIL 25, 2023
“A proposal like this could allow for the reinstatement of credit for more than 15,000 CPA candidates and re-open the door for those candidates to complete their journeys to becoming licensed CPAs.
CPA Practice
DECEMBER 14, 2023
The American Institute of CPAs has released information for accounting professionals on the potential impact to their out-of-state engagements if pending state bills altering licensure requirements are enacted. For more information, please visit the AICPA’s resource page on protecting CPA mobility.
Going Concern
FEBRUARY 20, 2023
All-around awesome person Byron Patrick tweeted a bit of a manifesto on the 150 hour rule today and I want to share it as a movement to lower the CPA licensure requirement of 150 units to ease the CPA shortage is currently underway. However, holding yourself out as a CPA in other states will be an issue.
Going Concern
JUNE 2, 2023
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CPA Practice
DECEMBER 28, 2023
AICPA News is a round-up of recent announcements from the American Institute of CPAs. AICPA Releases Guidance for CPAs to Comply with State Laws If a State Changes its Licensure Requirements The American Institute of CPAs (AICPA) recently released information for U.S. The program, now in its 15th year, was held in Durham, N.C.,
Going Concern
JULY 24, 2023
Only a quarter of those students who considered accounting said they don’t want to take the CPA exam but half said they don’t want to pursue 150 hours which suggests that allowing for a second pathway requiring just 120 hours of education like the proposal in Minnesota might successfully bolster dwindling CPA candidate numbers.
CPA Practice
SEPTEMBER 20, 2024
IRIS works with thousands of CPA firms in North America, including 52 of the top 100 CPA firms in the US, and provides innovative solutions to serve accountancy customers in the North American market, making IRIS the go-to partner for CPAs. Sign in or subscribe to get access to this free resource, and all of our whitepapers.
RitaKeller
NOVEMBER 20, 2020
I enjoyed my time with PWB CPAs & Advisors in Minnesota this week. Of course, I wasn’t there in person but speaking to their entire team (via Teams) about CPA firm communication was still a joy for me. .” – Steve Jobs. It’s time for some Friday ramblings.
CPA Practice
JULY 19, 2024
IRIS works with thousands of CPA firms in North America, including 52 of the top 100 CPA fi rms in the US, and provides innovative solutions to serve accountancy customers in the North American market, making IRIS the go-to partner for CPAs. Sign in or subscribe to get access to this free resource, and all of our whitepapers.
Going Concern
MAY 31, 2023
Drysdale, CPA Tax – Private Client Services (Dallas, Texas) Heather M. Dwyer, CPA Tax – Private Wealth (Philadelphia, Pennsylvania) Victor Geagla, CPA Assurance – Commercial (Washington, D.C.) Groppoli, CPA Assurance (Minneapolis, Minnesota) Sheanne M. Congratulations to all, you made it!
CPA Practice
JANUARY 2, 2024
AICPA News is a recap of recent announcements from the American Institute of CPAs. AICPA Releases Guidance for CPAs to Comply with State Laws If a State Changes its Licensure Requirements The AICPA recently released information for U.S. For more information, please visit the AICPA’s resource page on protecting CPA mobility.
Going Concern
AUGUST 7, 2023
This firm in Minnesota no one’s ever heard of put out the cutest press release: DHA CPAs is happy to announce new talented professionals joining their team for accounting and financial services. billion over the past decade. One whistleblower said KPMG had “significant influence” over senior Defence staff.
Going Concern
MARCH 22, 2024
” Complying with the Corporate Transparency Act [ CPA Journal ] By now, CPAs should be aware of the Corporate Transparency Act (CTA), passed in 2021 and effective January 1, 2024. But until a deferral is confirmed, CPAs must consider which role they will serve for clients required to file when the CTA becomes effective.
Going Concern
SEPTEMBER 27, 2024
Downtown-based Barnes Dennig has finalized a transaction to merge an Indianapolis CPA firm into its operations. The deal that will combine Barnes Dennig with Greenwalt CPAs is due to be completed Jan. This is a very big deal for us,” Jay Rammes, Barnes Dennig managing director, told me.
Anders CPA
DECEMBER 1, 2023
Guillermo (00:02:04) – And like most CPAs, I think I had the opportunity to go into industry or public accounting when I graduated college and I decided to go into industry and got my CPA. Guillermo (00:01:57) – Thanks, Tom. Yeah, yeah, Just a little bit about myself. Well, it’s not going to happen tomorrow.
CPA Practice
MARCH 22, 2023
There has been much debate in certain corners of the accounting profession lately about whether the 150-hour rule for CPA licensure has contributed to the pipeline of accountants drying up in recent years —that and the subpar starting pay in public accounting and the long hours required to work, especially during busy season.
Going Concern
NOVEMBER 27, 2023
Both the Minnesota Society of CPAs and the South Carolina Association of CPAs are proposing legislation that will allow a CPA licensure candidate to substitute workplace training for required college credit.
Going Concern
DECEMBER 6, 2024
His profile states he is a formerly practicing CPA. A license lookup of Minnesota CPAs shows a license belonging to a Brian R. Up until recently, the Minnesota Board of Accountancy would automatically revoke any CPA license not renewed for two consecutive years.
Going Concern
APRIL 25, 2023
Going Concern previously reported the AICPA and NASBA are trying to strong-arm Minnesota into maintaining the 150-hour rule. Would NASBA truly exercise its power to take away mobility of CPAs licensed in states that drop the 150-hour rule? Erasing the barriers: Interstate mobility for CPAs draws near. I’m not kidding.
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