Minnesota Board of Accountancy

Regulation • Licensure • Enforcement • Public Service


Key Information for Prospective and Current Licensees




NEWS

February Complaint Committee Meeting Canceled

Meeting Change Notice: The Complaint Committee meeting scheduled for Wednesday, February 1, has been canceled.

2017 Late Renewal

Those renewing after December 31, 2016, are reminded that, in addition to the regular licensing fee, a $50 delinquency fee as well as any CPE late reporting fees will apply. All unrenewed licenses, registrations and permits expired December 31, 2016.

  • Those renewing as Inactive status may still use Online Services. Payment is by Visa, MasterCard or Discover.
  • ALL OTHERS must use paper (PDF) forms that can be completed electronically, printed, and then mailed in. When submitting a paper form, payment must be by check (no cash or credit card).

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

You can check to see if your license, permit or registration has been renewed using "Find a CPA" (Individual or Firm). Search by your last name or license number. If you were renewed, your expiration will read "12/31/2017."

Allow a few days before expecting your expiration information to update on "Find a CPA." If your expiration date does not update as expected, please contact the Board.

Does the Board Have Your Current Address?

It’s not just smart to notify the Board when you have a change of address or employment, it’s also an obligation of your licensure:

“Each licensee or registrant shall notify the board in writing within 30 days of any change of address and, in the case of individual licensees or registrants, change of employment.” (MN Rule 1105.1100)

If you have not provided the Board your current contact information, you may miss important notices, such as renewal/CPE reminders and rule changes.

Change of Address

Beware of Phishers Posing as Clients

The IRS warns of yet another phishing scam targeting tax preparers: The preparer receives an email inquiring after services. If the tax professional responds, the cybercriminal sends a second email, with an embedded web address or a PDF attachment that has an embedded web address. The tax professional may think they are downloading a potential client's tax information. In reality they are giving the cybercriminals access to information on the preparer's computer.

How to Report Suspected Tax Fraud to the IRS

What if:

  • Your client suspects an individual or a business is not complying with the tax laws?
  • Your client suspects fraudulent activity by a previous tax return preparer?
  • You suspect fraudulent activity by another tax return preparer?

Find the appropriate form by consulting a table on the IRS website.

Board Executive Committee Elected

Each December the full Board elects a new Executive Committee. At the meeting on December 8, the Board re-elected Gregory Steiner, CPA, Sharon Jensen, CPA, and Michael Vekich, CPA, as Board Chair, Vice Chair, and Secretary/Treasurer respectively.

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 February 2017):
• Failed to complete CPE on time for 2016 and reported late for 2015: Total fee is $600.
• Reported late for 2015 but earned CPE in proper timeframe: Total fee is $375.
• Failed to complete CPE on time in 2015: total fee is $525.
• Reported late for 2014 and failed to complete on time in 2015 and 2016: Total fee is $1425.
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 $225
12/31/15 $375 2016 CPA certificate renewal form* and required fees** 06/30/15 $525
12/31/14 $675 2015 CPA certificate renewal form* and required fees** 06/30/14 $825
*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 FEBRUARY 2017.
MN Rule 1105.3000 (E)(2016)

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