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

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?

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Minnesota payroll 82

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.

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Minnesota payroll 70

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.

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Sales South Dakota South Carolina Tax 264

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.

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South Dakota North Dakota Wisconsin Iowa 264

Accounting Today

DECEMBER 18, 2024

Two Minnesota firms combine; Smith + Howard expands to Richmond; and more recent accounting mergers.

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Minnesota Account accounted accountant 52

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.

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Minnesota cpas CPA Account 64

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.”

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Sales Tax Rhode Island Kansas 264

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.

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Sales Tennessee Tax Massachusetts 245

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.

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Minnesota accounting firms Agriculture Account 59

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.

Agriculture 264

Agriculture Sales Tax South Dakota 264

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.

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Sales Oklahoma Arkansas Minnesota 246

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.

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Sales Oklahoma Arkansas Minnesota 246

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 264

South Dakota Sales Tax Louisiana 264

TaxConnex

JULY 9, 2024

States frequently introduce new sales tax returns, such as Colorado and Minnesota for their new retail delivery fees. For instance, California and New Jersey have a quarterly return but a monthly sales tax remittance/prepayment requirement if you reach certain sales thresholds.

Sales 264

Sales Tax Colorado tax return 264

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.

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West Virginia Virginia Kentucky Minnesota 264

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

TaxConnex

JANUARY 11, 2022

When only some of the contents of a shipment are taxable, the shipping charges must be pro-rated in Minnesota, New Jersey, North Carolina, North Dakota, Ohio, Rhode Island, South Dakota, Vermont, Washington and Wisconsin (where a “reasonable allocation” is required). Shipping does not incur sales tax in Missouri.

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Sales Rhode Island South Dakota North Dakota 246

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 264

Sales Tax Minnesota Colorado 264

TaxConnex

JUNE 13, 2024

States generally set economic nexus triggers based on in-state sales numbers, revenue or both: $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.

South Dakota 264

South Dakota North Dakota Massachusetts E-commerce 264

TaxConnex

MAY 7, 2024

Minnesota may enact legislation to tighten guidelines on creation of local sales taxes. DirecTV countered that they sold only access to the programming itself, which would be tax exempt. Until recently, news stories said , most local sales tax were in cities and regional hubs.

Rhode Island 264

Rhode Island Sales Tax South Carolina 264

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.

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Minnesota Retail 62

Withum

JULY 23, 2021

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Arizona Minnesota California Tax 116

TaxConnex

APRIL 28, 2022

The Minnesota Department of Revenue, for example, bids all a hearty welcome to its Audit Room and Virtual Room , billed as “a secure space online to exchange files and other information with Revenue.”

audit 245

audit auditor general ledger Minnesota 245

TaxConnex

MARCH 24, 2022

Most recently , Michigan and Minnesota issued guidance on sales and use tax nexus applicable to marketplace facilitators and sellers, clarifying when facilitators have sales tax obligations. Most states now have marketplace facilitator laws, though definitions of a “marketplace facilitator” vary almost as much as do states’ sales tax laws.

South Dakota 245

South Dakota Nevada Minnesota Missouri 245

Accounting Today

AUGUST 13, 2024

The affected by severe storms and flooding in June now have longer to file and pay.

Minnesota 78

Minnesota Tax 78

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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cpas Education Minnesota accounting degree 98

TaxConnex

JANUARY 26, 2021

Massachusetts joins such states as Minnesota , Ohio , Pennsylvania and Michigan with accelerated tax payment programs. Why now in the Bay State? The FY21 budget modernizes the timeline for sales tax remittance and collection, which has not been significantly updated in decades,” the office of Gov.

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Massachusetts Sales Tax Minnesota 162

TaxConnex

SEPTEMBER 30, 2021

In Minnesota, the tab is 5% of any tax not paid by the regular due date, and another 5% for each additional 30 days or fraction of 30 days that the tax isn’t paid in full, up to 15%. The same holds true, more or less, for Texas. Sometimes there’s wiggle room.

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Sales Tax Maryland tax return 246

TaxConnex

OCTOBER 5, 2021

Excise taxes vary widely from state to state, but in recent years states collecting the highest per-capita excise taxes include Vermont, Nevada, Hawaii, Minnesota, and Maryland. Latest estimates are that at the federal level the U.S. collects about 4% of its revenue from excise taxes.

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Sales Tax South Carolina Hawaii 189

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.

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CPA Minnesota accounting firms cpas 105

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.”

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Minnesota South Carolina auditor Education 119

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.

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Minnesota Sports Retail Gaming 60

TaxConnex

DECEMBER 12, 2024

States with an economic nexus threshold that exclude gross sales from nexus have lately included Alabama, Arkansas, Colorado, Minnesota and Oklahoma.) Most states determine their threshold numbers by gross taxable sales.

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Sales Oklahoma Arkansas Minnesota 147

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.

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Minnesota Oregon Mississippi Nebraska 101

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.

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cpas Minnesota Education CPA 116

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.

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Sales Tax Wisconsin Minnesota 147