Minnesota Board of Accountancy

Regulation • Licensure • Enforcement • Public Service


Key Information for Prospective and Current Licensees




NEWS

2017 Renewals Now Open for All CPAs, RAPs, and Firm Types

2017 renewals are now available for everyone. All licenses, registrations and permits expire December 31, 2016. EVERYONE must renew this year.

Online Services is the quick and easy electronic means for individual CPAs and Sole Proprietors* to renew. The Board accepts Visa, Mastercard, and Discover Card as online payment methods.

Paper forms that can be completed electronically, printed, and then mailed in are also available under Forms. Please note: RAPs, firms other than sole proprietors, and those seeking Exempt status or surrendering their license must use the paper renewal option. *Those specific sole proprietors who must undergo peer review also must use the paper renewal option.

Answers to questions concerning renewal can be found on the Frequently Asked Questions page.

Rules Modifications Considered

The Board is considering amendments to rules governing fees, education, peer review and housekeeping and has published a Request for Comments in the State Register.

Notice Regarding CPE Standards

The Board has not changed its rules to reflect the new 2016 Statement on Standards. At this time the Board does not accept nano learning nor does it accept partial-hour credits except as specfied in the 2012 Statement on Standards.

2012 Standards (PDF)

A Reminder to Consumers and Their Tax Preparers: 'Tis the Season for Tax Scams

The IRS lists some of the most recent phone and email scam attempts and offers tips for how to avoid becoming a victim.

IRS Consumer/Tax Preparer Alerts

Practice Continuity Information Kit Available

AICPA and NASBA have created a document aimed at assisting sole proprietors and other small firm owners consider and create a plan around practice continuity in the event of the death or incapacity of the firm's principal member.

 

Continuing Professional Education Reporting Fee Chart

Either the left or the right fee column for any given year will apply. If you are noncompliant in more than one year; you owe the applicable fee for each year.


Examples (rates valid only for December 2016):
• Reported late for 2014 and failed to complete on time in 2015: Total fee is $1100.
• Reported late for 2014 and 2015 but earned CPE in proper timeframe both years: total fee is $950.
• Failed to complete CPE on time in 2015: total fee: $475
Reported CPE late but earned the CPE during the proper timeframe, use these columns: Failed to complete CPE in proper timeframe (and so also did not report it on time), use these columns:
Failed to report CPE by: Fee is**: Complete and/or submit: Failed to complete CPE by*: Fee is**:
    Certificates of completion for only those hours earned after 6/30/2016 and required fees** 06/30/16 $175
12/31/15 $325 2016 CPA certificate renewal form* and required fees** 06/30/15 $475
12/31/14 $625 2015 CPA certificate renewal form* and required fees** 06/30/14 $775
*If you completed CPE hours after the June 30th deadline(s), you must include copies of the certificates of completion for those hours.
**The above-referenced fees reflect the rates if submitted/postmarked by DECEMBER 2016.
MN Rule 1105.3000 (E)(2014)

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