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With Florida's 2024 Legislative Session underway, two FICPA priority bills have been filed in the House and Senate, as the Governmental Affairs team tracks nearly 300 pieces of legislation.

In the latest episode of CEO Conversations, Shelly Weir is joined by the Senior Vice President of Corporate Relationships for Miles Education: Chandrasheker (Chandu) Nagarajan.

We are happy to send this special holiday message to each and every one of our 18,500+ members.

As part of an ongoing initiative aimed at combating dubious Employee Retention Credit (ERC) claims, the Internal Revenue Service today launched a new Voluntary Disclosure Program to help businesses who want to pay back the money they received after filing ERC claims in error.

As we continue to educate members on beneficial ownership information (BOI) reporting, we are eager to share this conversation with Aon risk consultant Nicole Graham filmed on Monday, Dec. 18.

In a major step to help people who owe back taxes, the Internal Revenue Service today announced new penalty relief for approximately 4.7 million individuals, businesses and tax-exempt organizations that were not sent automated collection reminder notices during the pandemic.

Please join us in welcoming Alina Penjiyeva as your new Regional Director of Membership, serving North Florida, covering Tallahassee east to Jacksonville and St. Augustine and south to the Ocala, Gainesville, Daytona and Deltona areas.

Florida House and Senate members returned to Tallahassee this week for their sixth Interim Committee Week. This is the final week for committee meetings before the start of the 2024 Session. This week, more bills were placed on the agenda and began to move forward through committees.

Sen. Joe Gruters on Thursday filed Senate Bill 954 - Certified Public Accountants in the Florida Senate. This bill – which is among the FICPA’s 2024 legislative priorities – creates a new “retired status” license category for CPAs. This is the companion bill to House Bill 813 - Certified Public Accountants, filed by Rep. Mike Caruso on Monday. The bills are identical.

The FICPA would like to thank all its member volunteers who participated in November's Accounting Opportunities Week!

Rep. Mike Caruso on Monday filed House Bill 813 - Certified Public Accountants in the Florida House. This bill – which is among the FICPA’s 2024 legislative priorities – creates a new “retired status” license category for CPAs

Florida House and Senate members returned to Tallahassee this week for their fifth Interim Committee Week. With only a few weeks left before the start of the 2024 Regular Session, the Legislature is working quickly to prepare and vet numerous issues and file legislation that may be considered when they officially gavel-in in January.

The accounting profession’s transition into the digital space has been ongoing for decades, but has recently reached exponential speed. Technological advancements improve each year, with new and better ways to boost your business. If you can’t keep up, you risk losing clients, talented staff, and profits.

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.