Minnesota Board of Accountancy

Regulation • Licensure • Enforcement • Public Service



NEWS

Board Office Closed for MLK Day

The Board office will be closed Monday, January 20, in observance of Martin Luther King, Jr. Day

Expired License or Permit? Get Renewed ASAP

All licenses and permits dated 12/31/2019 have expired. There is no grace period with license or permit expiration. You must be in compliance with Minnesota rules and statutes to hold out or practice.

To renew for 2020, use the appropriate PDF form available in the "Forms" section of the website. Complete and mail in with your check or money order. (Only Inactive status renewing as Inactive can still use Online Services.)

If you wish to go Exempt or Retire, or are seeking Reactivation or Reinstatement, see the separate (not Renewal) forms for those statuses/processes in the "Forms" section of the website.

All late renewals or status changes must include the $50 delinquency fee, in addition to any license/permit fee.

Those earning and/or submitting CPE late also have CPE late fees. These accrue monthly, based on the postmarked date the Board receives your certificates of completion and fee. See the CPE chart below for details.

A special reminder to firm owners that 100% of Minnesota-licensed owners must be renewed by February 29, 2020, or the 2020 permit is revoked.

Board Elects New Executive Committee

At the December 5, 2019, Board meeting, members elected a new Executive Committee:

Sharon Jensen photo

Sharon Jensen, CPA
Chair

Charles Selcer photo

Charles Selcer, CPA
Vice Chair

Chas McElroy photo

Chas McElroy, CPA
Secretary/Treasurer

Rule Package R-04582 Adopted, Effective January 7, 2020

The changes contained in Rule Package R-04582 were published in the State Register on December 30, 2019, and became effective on January 7, 2020. See the rulemaking page for more details.

Rulemaking

Statute Changes Effective August 1, 2019

Several changes regarding Board Statutes (Chapter 326A) were included as part of the Omnibus State Government Bill signed this May. The changes are effective August 1, 2019. In addition to minor housekeeping items, changes include

  • the elimination of the Board portion ($40) of the Uniform CPA Examination fee collected by NASBA;
  • an update to the definition of "attest";
  • the addition of retroactive enforcement; and
  • the addition of an honorific title of "Retired" for those meeting the qualifications and who have ceased practicing public accounting in any jurisdiction.

More information on these changes is available in the Board's newsletter, mailing later this month, or by subscribing to the Board's email communications.

New Retired Status and Exempt Status Forms Available

Those interested in requesting Retired status or electing Exempt status can now apply using newly created forms, available in the "Request for Change" section of the "Forms" page on the Board's website. These forms can be submitted at any time during the year. Exempt and Retired are statuses that do not require renewal.

Retired Request and Exempt Election Forms
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Get notices by email!

If you haven't already signed up for the Board's email communications (The Ledger eNews), do it today. No fear of email clutter: The Board only emails when significant Board-related news occurs or deadlines relevant to your licensure approach—such as renewals.

Subscribe to The Ledger

 

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 January 2020):
• Reported late for 2019 but earned CPE in proper timeframe: Total: $50.
• Failed to complete CPE on time for 2018 and reported late for 2017: Total fee is $1150.
• Reported late for 2018 but earned CPE in proper timeframe: Total fee is $350.
• Reported late for 2017, 2018, and 2019: Total fee is $1050.
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**: Submit: Failed to complete CPE by*: Fee is**:
12/31/19 $50 Certificates of completion for only those hours earned after 6/30/2019* and required fees** 06/30/19 $200
12/31/18 $350 Certificates of completion for only those hours earned after 6/30/2018* and required fees** 06/30/18 $500
12/31/17 $650 Certificates of completion for only those hours earned after 6/30/2017* and required fees** 06/30/17 $800
12/31/16 $950 Certificates of completion for only those hours earned after 6/30/2016* and required fees** 06/30/16 $1100

* 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 CPE rates if submitted/postmarked by JANUARY 2020 [MN Rule 1105.3000 (E)(2018)]. License fees and  late renewal fees are not included. See the appropriate renewal form and status for those costs.

For renewals/CPE prior to these dates, please see Reinstatement.

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