Advocacy and Tax Relief

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Advocacy and Tax Relief

FICPA Advocacy and Tax Relief Activities

FICPA President-CEO Deborah Curry and the Governmental Affairs Department remain vigilant in our advocacy efforts during the COVID-19 crisis. To date, we have requested the following COVIC-19 relief on behalf of our members, the profession and Florida Taxpayers.

 Below find State of Florida and Federal Relief Updates and Technical Guidance Resources (PPP, then State followed by Federal resources).

CPA Guide to SBA PPP

Visit our new web page for what you need to know about the evolving and complex Paycheck Protection Program. Find technical guidance, loan application and calculators, Lender letter templates and more HERE.

Federal Regulatory Links & Updates

US Whitehouse: Guidelines for Opening Up America Again, three-phased approach

IRS Links & Updates comprehensive list HERE

 

State of Florida Tax Relief Update


The Florida Board of Accountancy approved emergency rule 61H1ER20-5 at its meeting on May 15, 2020 waiting the additional CPE hours required when a current active CPA uses the automatic extension process. This effectively moved the June 30, 2020 deadline for completing CPE requirements to December 31, 2020 with no additional hours required. A copy of 61H1-33.003 F.A.C. including the additional portion underlined text HERE. Visit DBPR Website for full information.

The FICPA is having ongoing communications with the Florida Department of Revenue (DOR) as the Department is addressing taxpayer and practitioner concerns. Check this space for further Florida updates as they are available. Here’s the latest: 

On April 27, DOR Executive Director Dr. Jim Zingale signed Order of Emergency Waiver/Deviation #20-52-DOR-003 (Corporate Income Tax).The order waives certain statutory requirements for Florida corporate income/franchise tax RETURNS and Payments as follows:

For Entities w/FY Ending: 

FLA corporate income/Franchise Tax RETURNS due date extension

FLA corporate income/franchise tax PAYMENTS filing request extension

Deadline to submit request for extension to file the return and to make tentative payment

12.31.2019

From 5.1.2020 to 8.3.2020

From 5.1.2020 to 6.1.2020

Extended to 6.1.2020

01.31.2020

From 6.1.2020 to 8.3.2020

-No change- 6.1.2020

-No Change- 6.1.2020

02.29.2020

From 7.1.2020 to 8.3.2020

-No Change- 7.1.2020

-No Change- 7.1.2020

See 20-52-DOR-003 for full information.

MARCH 26, Dr. Jim Zingale, DOR executive director signed an Order of Emergency extending remittance deadlines and waiving penalties and accrual of interest for reporting or payment of sales and use and other taxes collected in the February or March 2020 reporting periods. See 20-52-DOR-002.

MARCH 26: Zingale also signed Emergency Order 20-52-DOR-001 extending the Florida property tax payment due date from March 31 to April 15, 2020. The March 26 order applies to citizens and business owners in all Florida counties. See 20-52-DOR-001.

The DOR website says it is monitoring developments pertaining to the novel coronavirus (COVID-19) and is following guidance from federal and state officials, “…The Department has established a dedicated team to address tax-related issues pertaining to COVID-19 and has created an email address COVID19TAXHELP@FloridaRevenue.com, where you can share your questions and concerns.

 

State Regulatory Links & Updates

  • FLA Governor: Executive Order | Phase 2 Florida Recovery Plan EO 20-139 
  • FLA Governor: Executive Order | Extending Mortgage Foreclosure & Eviction Relief EO 20-94 
  • FLA Governor: Executive Order | Phase 1: Expanding Full Phase i EO 20-131 
  • FLA Governor: Executive Order | Phase 1: Safe. Smart. Step-by-Step. Plan for FLA Recovery EO 20-112
  • FLA Governor: Executive Order | Essential Services & Activities & Vacation Rental Prohibitions EO 20-111 
  • FLA Governor: Executive Order | Doc Stamps for SBA Loans EO 20-95
  • FLA Governor: Executive Order | Mortgage Foreclosure & Eviction Relief EO 20-94
  • FLA Governor: Executive Order | Amending Essential Svcs & Activities EO 20-92
  • FLA Governor: Executive Order 20-91 Essential Svcs & Activities FAQ
  • FLA Governor: Executive Order | Essential Services & Activities EO 20-91
  • DOR Emergency Order: Emergency Waiver/Deviation (Sales and Use Tax and Related Taxes) #20-52-DOR-002
  • DOR Emergency Order: Waiver/Deviation (Property Tax Oversight) #20-52-DOR-001
  • DBPR: Emergency Order | Professional Licensing Renewal and Continuing Education March Deadline Extensions EO 2020-10
  • FLA GOVERNOR: Executive Order | Emergency Management – COVID-19 – Local Government Public Meetings EO 20-69
  • DOR: https://floridarevenue.com/pages/default.aspx
  • DBPR
  • DBPR Reaffirms FL CPA CPE Completion Deadline of June 30 for licensees whose license expires 12/31. 
  • DBPR Emergency Order: Relating to certain conditions of emergency powers of association boards ( condos, co-ops, HOAs) and suspends and tolls the timing requirements pertaining to preparation, submittal or filing of certain financial reports and statements of same.  #EO 2020-04

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