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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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.
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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. has been experiencing a slight decline in member.
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?
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.
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.
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
APRIL 23, 2024
Headquartered in Willmar, Minnesota, Christianson PLLP has six offices and more than 80 staff members. Christianson PLLP provides audit, tax and outsourcing services across a range of industries including agriculture, renewable energy and natural resources, financial services, real estate and construction and technology.
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
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.
TaxConnex
APRIL 30, 2024
Minnesota is the only other state with official plans to roll out an RDF, but Illinois and New York are also discussing them. Q: What’s happening with Minnesota? A: Minnesota’s fee will be effective this July; it’s 50 cents per transaction greater than or equal to $100 and can be collected from the customer or self-remitted by vendor.
Accounting Today
AUGUST 13, 2024
The affected by severe storms and flooding in June now have longer to file and pay.
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.
PYMNTS
OCTOBER 22, 2020
On the football field, the NFL’s Minnesota Vikings are showing flashes of brilliance, but at this early part of the season, they’ve posted only one win in six games and trail their division rival, the Green Bay Packers. Off the field, however, is a different conversation, as the Vikings just might be leading the league in technology.
PYMNTS
MAY 23, 2018
Hy-Vee amps up its partnership with the Wahlberg brothers by opening its first Wahlburgers restaurant at the Mall of America in Minnesota. The opening comes as Hy-Vee plans to open another 25 restaurants over the next few years, The Star Tribune reported. Hy-Vee Chief Executive Randy Edeker was not initially interested in the partnership.
CPA Practice
APRIL 30, 2024
By Paul Walsh, Star Tribune (TNS) An Edina, MN-based certified public accountant tapped into her clients’ bank accounts and stole more than $340,000, according to federal charges. Jeana Ann Lautigar, 57, was charged Monday in U.S.
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.
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.
TaxConnex
AUGUST 15, 2024
In Minnesota, clothing is exempt from sales tax for the most part. And do they: Much has been written about Texas , for instance, which charges sales tax on belt buckles. But the Lone Star State also charges sales tax on bobby pins, hair bows and clips, headbands, jewelry, wallets and watches (and bands), among others.
CPA Practice
JULY 31, 2024
Washington could be on its way to becoming the third state in the nation with a retail delivery fee, following the route paved by Colorado and Minnesota. By Gail Cole. So, what would a Washington retail delivery fee look like? When would it take effect? Read on to find out. What is a retail delivery fee?
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
JUNE 14, 2024
Besides California, Pennsylvania and Minnesota saw sizable gains for a second week. The release noted that for the prior week ended June 1, Pennsylvania saw layoffs in transportation and manufacturing, while there were job cuts in education in Minnesota. Stephen Stanley, chief U.S. economist at Santander U.S.
TaxConnex
SEPTEMBER 5, 2024
Minnesota just added an RDF of 50 cents on each transaction where charges for these items equal or exceed $100 of clothing and of other tangible personal property (TPP) that’s subject to sales tax. Minnesota : Taxable if the item is taxable. The fee must be separately stated on the invoice as “retail delivery fees.”
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.”
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.
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
SEPTEMBER 26, 2024
Dates vary – a lot Many states’ certificates have no expiration: Arizona (the seller chooses the period of exemption); Arkansas; Colorado (this can depend on the purpose of the exemption); Georgia; Hawaii; Idaho; Indiana; Maine; Minnesota; Mississippi; Nebraska; New Mexico; New Jersey, New York, North Carolina; North Dakota; Ohio; Oklahoma; South Carolina; (..)
TaxConnex
AUGUST 8, 2024
In five major farming states, for instance, these annual thresholds are now $100,000 in sales in Iowa or South Dakota; and, in Illinois, Nebraska and Minnesota, $100,000 in sales or 200 transactions.
CPA Practice
JUNE 25, 2024
Gen Z employees make up about 10% of the workforce at Post Consumer Brands, with half in Lakeville, Minnesota, and the rest in manufacturing roles across locations in North America, Michelle Krebs, senior manager of talent acquisition said in an email. “I think there’s a dynamic in which organizations are having to step their game up.”
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.
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.
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.
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.
CPA Practice
JUNE 8, 2023
In a unanimous decision, the nine justices ruled that the constitutional rights of Geraldine Tyler were violated after Hennepin County in eastern Minnesota sold her one-bedroom unit for $40,000 in 2016. Minnesota is among 11 states, plus the District of Columbia, that allow local governments to keep the excess money from similar cases.
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
AUGUST 21, 2024
The Minnesota Star Tribune (TNS) That fitness center, fireplace area and outdoor deck? And not just in Minnesota. That’s not slowing Minnesota firms. People have really been eating that up.” __ ©2024 The Minnesota Star Tribune. By Dee DePass. And the free lunches? They are not enough anymore. That’s an unbelievable idea.,”
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.
CPA Practice
MAY 23, 2024
Krysta Kaner, president of the Twin Cities Society for Human Resources Management, said she expects only small and rural Minnesota firms to feel the pinch of the July 1 rule change because minimum wage hikes have already swept across much of the Twin Cities. It’s the second rule change slated to begin Jan.
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
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
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. It is in these conversations that new ideas and rationales emerge for making change.
Going Concern
MAY 22, 2024
No doubt the states have many enthusiastic amateur lobbyists happy to enlighten the legislature on why this change is not just a good thing but a necessary one if Minnesota is representative of the rest of the nation. This is our attempt to bring everybody together.”
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