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As part of continuing efforts to combat dubious Employee Retention Credit (ERC) claims, the Internal Revenue Service is sending an initial round of more than 20,000 letters to taxpayers notifying them of disallowed ERC claims. IRS is disallowing claims to entities that did not exist or did not have paid employees during the period of eligibility to prevent improper ERC payments from being made to ineligible entities.

Reporting companies created or registered in 2024 will have 90 calendar days from the date of receiving actual or public notice of their creation or registration becoming effective to file their initial BOI reports.

To stand out in the crowd and achieve sustainable growth, CPA firms must adapt to the changing times and embrace modern marketing strategies.

The IRS on Nov. 21 announced a delay of the new $600 Form 1099-K reporting threshold for calendar year 2023. The agency will treat 2023 as an additional transition year.

The FICPA has co-signed a letter asking FinCEN to extend and expand the deadline for beneficial ownership information (BOI) reporting requirements, specifically for Reporting Companies Created or Registered in 2024.

On the latest episode of FICPA CEO Conversations, Shelly Weir is joined by the CEO of Anthem Business Software, Adam DeGraide.

With Florida's 2023 Legislative Session now at its end, FICPA President & CEO Shelly Weir and Liberty Partners of Tallahassee President Jennifer Green are here to walk you through all the latest news and notes impacting the CPA profession.

In the latest edition of FICPA CEO Conversations, FICPA President & CEO Shelly Weir sits down with Christophe Reglat, the CEO of Coaxis. Shelly and Christophe discuss the importance of cybersecurity, the threats faced by CPAs, and the value of penetration testing, otherwise known as "ethical" or "white-hat" hacking.

Shelly and Christophe discuss the importance of cybersecurity, the threats faced by CPAs, and the value of penetration testing, otherwise known as "ethical" or "white-hat" hacking.

In the latest edition of FICPA CEO Conversations, Shelly Weir sits down with the Executive Director of the Florida Board of Accountancy, Roger Scarborough, to discuss the Division of Certified Public Accounting's implementation of a new CPE reporting tool for licensees.

The Division of Certified Public Accounting has announced the implementation of a new CPE reporting tool for our licensees. A CPA can locate the tool within their DBPR Online Service account. Beginning with the July 1, 2022, to June 30, 2024, CPE reporting period, use of this tool is mandatory for Florida-licensed CPAs. With this reporting tool, a CPA will input details about the CPE courses completed and upload the corresponding proof of completion. At renewal time in 2024, if this system indicates a CPA is not compliant with the CPE requirements, the CPA will be unable to renew their license.