Board of Accountancy News
Commerce Commissioner enlists CPAs to stop financial abuse of seniors this tax season.
Press Release
Letter to Minnesota CPAs
The Board Report- Winter 2012/2013 issue of the Board's newsletter
Proposed Statute Changes 2013
The 2013 renewals are now available. Renew your individual CPA certificate and/or Sole Proprietor firm permit online with a Master Card® or Visa®. If you wish to pay with a check or money order, you may download and submit a paper renewal form.
NEW THIS YEAR: Sole Proprietor firm permit renewals are now available online. The Board no longer mails renewal packets to Registered Accounting Practioners (RAP), Sole Proprietor firms, CPA firms, or RAP firms. All paper renewal forms are available online.
PLEASE NOTE: The CPA firm and RAP firm permit renewal forms are available on the forms page of the Board's website.
Biennial Report for Fiscal Years 2010 to 2012
Online CPE Reporting for the December 31, 2012 reporting period is now closed.
If you were required to renew your certificate and report CPE by December 31, 2012 and missed the reporting deadline, please complete the 2013 CPA certificate renewal form and submit the form to the Board office along with your payment of the renewal fee, the CPE noncompliance fee and the $50 delinquency fee for renewing after the deadline. (If submitted in May 2013, the CPE noncompliance fee is $150, per Minnesota Rule 1105.3000 (G)).
Please note: If you were not in compliance with the CPE requirements as of June 30, 2012, additional documentation is required. The CPE noncompliance fee for completing hours after the June 30, 2012 deadline is $300 (if submitted in May 2013.)
Online CPE Reporting for the July 31, 2012 reporting period is now closed.
If you were required to report CPE by July 31, 2012 and missed the reporting deadline, please complete the Board's CPE reporting form and submit it to the Board office, along with your payment of the CPE noncompliance fee. If your report is submitted in May 2013, the CPE noncompliance fee is $275 per Minnesota Rule 1105.3000 (G).
Please note: If you were not in compliance with the CPE requirements as of June 30, 2012, additional documentation is required. The CPE noncompliance fee for completing hours after the June 30, 2012 deadline is $300 if submitted in May 2013.
Beginning March 1, 2012 the Minnesota Board of Accountancy will no longer issue paper license cards to Inactive certificate holders at the time of license renewal. The reasons for discontinuing the cards are cost savings and public safety. The license card is not proof of licensure. Verification of licensure must be obtained from the Board's website at www.boa.state.mn.us/licensing/find-cpa.aspx.
This change will increase public safety by persuading interested parties to use the Board's online verification system. Wallet cards can be lost or stolen and increase the possibility of fraud. In addition, the card carries an assumption that the holder's license status is current as indicated on the card. In reality the information on the card is only as current as the day it was printed. The certificate holders' license may be suspended, revoked or have other discipline imposed upon it that the paper card does not reflect.
Online CPE Reporting for the December 31, 2011 reporting period is now closed.
If you were required to renew your certificate and report CPE by December 31, 2011 and missed the reporting deadline, please complete the 2012 CPA certificate renewal form and submit the form to the Board office along with your payment of the renewal fee, the CPE noncompliance fee and the $50 delinquency fee for renewing after the deadline. (If submitted in May 2013, the CPE noncompliance fee is $450, per Minnesota Rule 1105.3000 (G).)
Please note: If you were not in compliance with the CPE requirements as of June 30, 2011, additional documentation is required. The CPE noncompliance fee for completing hours after the June 30, 2011 deadline is $600 (if submitted in May 2013.)
Download the paper renewal form.
Online CPE Reporting for the July 31, 2011 reporting period is now closed.
If you were required to report CPE by July 31, 2011 and missed the reporting deadline, please complete the Board's CPE reporting form (contact the Board office at 651-296-7938) and submit it to the Board office, along with your payment of the CPE noncompliance fee. If your report is submitted in May 2013, the CPE noncompliance fee is $575, per Minnesota Rule 1105.3000 (G).
Please note: If you were not in compliance with the CPE requirements as of June 30, 2011, additional documentation is required. The CPE noncompliance fee for completing hours after the June 30, 2011 deadline is $600 (if submitted in May 2013.)
NASBA and the AICPA announced the launch of an exciting new online tool to help promote mobility, CPAmobility.org. This new tool is designed to provide helpful information, updated regularly, on the state of mobility laws across the 55 U.S. states and jurisdictions.
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Duplicate License Cards
The Board will no longer replace lost license cards. The Board will issue a license card when the license is first granted and when licenses are renewed. Verification of current licenses can be found by clicking on the Find a CPA link on the left hand side of this page.
Licensing surcharge assessed July 1, 2009
The Minnesota Office of Enterprise Technology (OET) sponsored and the Minnesota Legislature passed legislation requiring a 10% surcharge of no less than $5 and no more than $150 on each business, commercial, professional or occupational license through June 30, 2015. The funding from this surcharge goes to OET to establish an electronic licensing system for the state. See Laws of Minnesota 2009, Chapter 101, Article 2, Section 59.
Fee schedule
Important information regarding changes in the certificate renewal process and the CPE reporting rules:
Three year renewal/CPE reporting schedule
Please note: The three year renewals apply to both active and inactive certificate holders.
Renewals:
Beginning with certificate renewal applications for calendar year 2010, the board shall renew each certificate as follows:
(1) For licensees whose last name begins with the letters:
(a) A through H, certificates shall be renewed for a three-year period (Cycle A);
(b) I through P, certificates shall be renewed for a two-year period (Cycle B); and
(c) Q through Z, certificates shall be renewed for a one-year period (Cycle C); and
(2) Renewals of those certificates, after the expiration of the renewals periods specified in subitem (1), shall thereafter follow a three-year cycle. For more information, please see Minnesota Rule 1105.2550.
Please note that CPA firms, Sole Proprietor firms, RAP firms and Registered Accounting Practitioners will continue to renew on an annual basis.
CPE Reporting:
Beginning in calendar year 2011, licensees holding an active certificate on June 30 shall report to the board by July 31 of each year the continuing professional education hours earned during the one- and three-year CPE period ended on June 30. The report shall be made as required by the board and no report under this item shall be required of a licensee in the final year of the renewal cycle specified in part 1105.2550. For more information, please see Minnesota Rule 1105.3200.
The Board has had many questions regarding the new CPE reporting rules and would like to provide clarification:
Beginning in 2011 (and going forward) if you:
- Are required to renew your certificate in December, you will report your CPE by December 31st in conjunctionwith your renewal.
- If you are not required to renew your certificate in December, you will report your CPE by July 31st.
Please note:
- CPE remains on a rolling three-year basis, and the Board will continue to review the last three years of CPE whether you are required to report by December 31st or July 31st.
- CPE remains on a fiscal year basis – July 1st to June 30th – hours must be completed by June 30th of each year.
For information about employment within the state, visit the Minnesota Management and Budget web site.