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“We applaud Congress for recognizing the importance of this bill for many Americans by passing this legislation that will now be signed by the President,” said Daniel Hauffe, Senior Manager for Tax Policy & Advocacy with the AICPA. “Taxpayers affected by disasters are afforded additional time to comply with tax obligations because of the devastating real-life consequences of natural disasters, and now they will receive the same period of time to make claims for credit or refund as all other taxpayers.”

The new law extends the time for filing a claim for credit or refund (known as the "lookback period") by the disaster relief postponement period afforded to taxpayers affected by major disasters. Read more from Accounting Today.

Reversing a district court, the Eleventh Circuit held Tuesday that the Corporate Transparency Act (CTA), which mandated beneficial ownership information (BOI) reporting, is constitutional and remanded the case for further proceedings. Read more from the Journal of Accountancy.

Alternative investments like real estate, private equity, commodities and collectibles can be valuable tools for long-term growth and diversification. They’re not for everyone, but when used thoughtfully, they can help investors weather the inevitable ups and downs of the market.

On Tuesday, the FICPA’s Priority Bill, SB 364 – Public Accountancy by Sen. Gruters, CPA, passed unanimously in the Senate Regulated Industries Committee. The bill was presented by its co-sponsor, Sen. Ana Maria Rodriguez.

This week, the Florida House filed HB 607 - Industries and Professional Activities by Rep. Yarkosky. Similar to last year, the bill proposes to eliminate the Board of Accountancy along with a host of other licensing boards.

Maintaining HR compliance is crucial for business success, but it can be a complex process with many moving parts. A structured HR compliance checklist helps translate these shifting requirements into a clear plan, ensuring every policy, record, and report stays up to date.

Preparers and advisors have little time left to ready for the adoption of new ASC 740 income tax disclosures and regular year-end work. To aid in the transition, consider assistance and support from the veteran tax accounting specialists of ASC 740 Advisory.

In compliance with Article X, Sections 4 & 5, of the FICPA Bylaws and Policies, be it known that the following nominations for Chair-Elect and Members-at-Large of the Board of Directors and Council are and will be submitted to the FICPA Council for consideration for election by Jan. 31, 2026.

The FICPA's priority bills, HB 333 by Rep Blanco and SB 364 by Sen. Gruters, have received their committee references. The FICPA Governmental Affairs Team looks forward to working with the respective committees and seeing our members for CPA Day at the Capitol on Dec. 3.

The FICPA is leading the way in shaping a modernized, effective licensure model for Florida CPAs. Our proposals reflect years of collaboration, analysis and advocacy – all focused on strengthening the profession, supporting the pipeline and protecting the value of the CPA license.

Rep. Omar Blanco and Sen. Joe Gruters, CPA, on Tuesday filed HB 333 – Public Accountancy and SB 364 – Public Accountancy in the Florida House and Senate, respectively. These bills are part of FICPA’s 2026 legislative priorities.

For the right type of investor, AI is a chance to participate in something that may one day be viewed in the same light as getting in early on Apple or Amazon. The key is to remain disciplined, diversified, and realistic.

As the 2026 Legislative Session draws nearer, conversations in the Capitol are centered on a single, guiding principle: efficiency. The Legislature met for Interim Committee Week 2, holding multiple committee meetings focusing on internal housekeeping.

This week, the FICPA Governmental Affairs Team presented a trio of legislative awards to Senate President Ben Albritton, Senate Majority Leader Jim Boyd and Sen. Ed Hooper for their leadership during the 2025 Session and their support of the CPA profession.

The FICPA's Accounting Principles and Auditing Standards responded Committee has responded to the AICPA Auditing Standards Board exposure draft on "The Auditor's Responsibilities Relating to Fraud in an Audit of Financial Statements."

The IRS furloughed almost half its workforce as the government shutdown entered its second week, the agency said Wednesday evening in its updated contingency plan. Read more from the Journal of Accountancy.

Melanie Lauridsen, the AICPA’s vice president–Tax Policy & Advocacy, joined the Journal of Accountancy podcast on Tuesday to provide context on the government shutdown and its effect on IRS services, along with discussion on other tax advocacy topics. Listen to the show.

With just two weeks until the tax filing deadline for C-corporations and individuals who requested a filing extension, the AICPA is renewing its call to except 100 percent of Internal Revenue Service employees for the duration of the shutdown, even beyond the five days already authorized in the agency’s contingency plan.

All IRS staffers will work during the first five business days of a potential government shutdown, according to a lapsed appropriations contingency plan posted Monday. Read more from the Journal of Accountancy.