Minnesota Board of Accountancy

Regulation • Licensure • Enforcement • Public Service


Key Information for Prospective and Current Licensees




NEWS

2017 Renewals Now Open for CPA & RAP Individuals and Sole Proprietors

2017 renewals are now available for individuals and sole proprietors. Renewal for other firm types opens later this month. All licenses 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.

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

IRS Warns of New Wave of Cyber Attacks on Tax Professionals

The IRS urged tax professionals to review their tax preparation software settings and immediately enact all security measures, especially those settings that require usernames and passwords to access the products. The IRS is aware of approximately two dozen cases where tax professionals have been victimized in recent days. In one scam, tax professionals are sent an email claiming to contain a software update. The "update" is actually malicious software that captures key strokes.

More Information

September Complaint Committee Meeting Scheduled

A Complaint Committee meeting has been scheduled for September 8.

Current Meeting Schedule

Renewals Open Mid-September

Renewals will open in just a few short weeks. Check back here in early September for more details.

Do note that all licensees (and firms) renew this year. Everyone is back to annual renewal status; all licenses and permits expire 12/31/2016. This also applies to those initially licensed or permitted in 2016.

Governor Dayton Appoints New Board Members

The Governor recently announced his appointments to the Board of Accountancy, filling three vacancies. The appointments were effective June 29, 2016, with terms expiring January 6, 2020. The Board welcomes

  • Christopher Omdahl, CPA – Minneapolis, MN
  • Lance Radziej, CPA – Minneapolis, MN
  • Debra Thompson, CPA – Minnetonka, MN

New  Options Available for Those Needing CPA Exam Testing Accommodations

NASBA, working with AICPA and Prometric, has developed new extended time and break accommodations for those qualifying under ADA and ADAAA regulations. The new options are available beginning May 15, 2016.

AICPA Announces 2015 Elijah Watt Sells Award Recipients

The AICPA has released its list of 2015 Elijah Watt Sells Award recipients, which includes Minnesota candidate Thomas R. Fine. The award is given to CPA candidates who have obtained a cumulative average score above 95.50 across all four sections of the Uniform CPA Examination, passed all four sections of the Examination on their first attempt and completed testing in 2015. A total of 93,742 individuals sat for the Examination in 2015, with 75 candidates meeting the criteria to receive the Elijah Watt Sells Award. The full list of recipients and further details on the award are available on the AICPA website.

Elijah Watts Sells Award News

 

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 September 2016):
• Reported late for 2014 and failed to complete on time in 2015: Total fee is $950.
• Reported late for 2014 and 2015 but earned CPE in proper timeframe both years: total fee is $800.
• Failed to complete CPE on time in 2015: total fee: $400
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 $100
12/31/15 $250 2016 CPA certificate renewal form* and required fees** 06/30/15 $400
12/31/14 $550 2015 CPA certificate renewal form* and required fees** 06/30/14 $700
12/31/13 $875 2014 CPA certificate renewal form* and required fees** 06/30/13 $1000
*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 in SEPTEMBER 2016.
MN Rule 1105.3000 (E)(2014)

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