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In this area you will find an archive of the most recent top stories featured on the home page of the FICPA Web site that we felt were informative enough to store for your future reference.

 

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A Picture Perfect Duo: Florida CPA Helps Grow Freelance Camera Rental Company
Imagine running a business out of your home for more than 25 years when a divorce forces you to move offices and reevaluate your business strategy. Then, in the midst of it all, you’re the victim of a robbery, resulting in damages to...
MoneyWi$e Offers Financial Planning
The St. Johns County Public Library System and the Florida Institute of Certified Public Accountants are teaming up to participate in the second annual MoneyWi$e Week, April 29 through May 5. Financial planning workshops for adults will be...
Sequester Hits IRS, More than 89,000 Employees Furloughed
A little more than a month into the sequester and fresh out of tax season, the Internal Revenue Service has decided to issue furlough notices to all of its employees next week. According to an internal memo issued by Acting IRS Commissioner...
Money Run In Key Biscayne Honors Victims Of Boston Marathon Attack
Runners at the 24th Annual Money Run joined together at Bill Baggs State Park in Key Biscayne to honor the victims of the Boston Marathon attack . The run, organized by the Florida Institute of Certified Public Accountants, raises money for...
Harried Accountants Rush To Meet IRS Deadline
Mercy San Miguel knew Monday would be rough, so she arranged chair massages for her staff and settled in for a busy day. After putting in long hours, a difficult tax season reached an important deadline for San Miguel on April 15, the date...
Gov. Rick Scott Signs Bill Banning Internet Sweepstakes Cafes
Storefront operations offering slot-like video games known as Internet sweepstakes cafés are now outlawed in the state of Florida, after Gov. Rick Scott signed HB 155 Wednesday. The law takes effect upon becoming law.
Financial Accounting Foundation Names David A. Vaudt Chairman Of The Governmental Accounting Standards Board
Iowa Auditor of State David A. Vaudt today was named as the next chairman of the Governmental Accounting Standards Board (GASB), effective July 1, 2013. The appointment was made by the Board of Trustees of the Financial Accounting Foundation...
Gov. Scott Says Florida Jobless Rate Now Lowest Since October 2008
Florida Gov. Rick Scott today announced that February's unemployment rate decreased 0.2 percentage points to 7.7 percent – the lowest since October 2008. The governor's office said that since December 2010, Florida has created 294,200...
FICPA Names "26 Under 36"
The Florida Institute of CPAs announced this year’s “26 Under 36” honorees, recognizing FICPA members under the age of 36 that have made notable accomplishments in service to the organization, profession and community....
Join the Public Awareness Campaign Promoting CPAs
The AICPA, the FICPA and other state societies are coming together to promote the CPAs like you this tax season with a cohesive public awareness campaign via Twitter and Facebook. The AICPA has created a list of tweets for you to customize with...
AICPA Announces Winners of Start Here, Go Places. High School Accounting Competition
AICPA Announces Winners of Start Here, Go Places. High School Accounting Competition $15,000 in scholarships and grant money awarded to top three teams NEW YORK – The  American Institute of CPAs  today announced a team from  Batavia High...
FICPA Builds Intern Database
Hoping to tap into the state’s approximate 8,200 fourth- and fifth-year accounting students and last year’s 3,650 Florida-based accounting graduates, according to Florida CPA Today, the Florida Institute of CPAs recently created an...
IRS Plans Jan. 30 Tax Season Opening For 1040 Filers
Following the January tax law changes made by Congress under the American Taxpayer Relief Act (ATRA), the Internal Revenue Service announced today it plans to open the 2013 filing season and begin processing individual income tax returns on...
Obama Signs Bill Warding Off Fiscal Cliff
President Barack Obama has signed into law a bill to avert the fiscal cliff, a day after the House and Senate approved the much-debated legislation. Obama, who returned to his family vacation in Hawaii after Tuesday's House vote, signed the...
American Taxpayer Relief Act of 2012
In the Senate of the United States, January 1 (legislative day, December 30, 2012), 2013. Resolved, That the bill from the House of Representatives (H.R. 8) entitled ‘‘An Act to extend certain tax relief provisions enacted in 2001 and...
Why Your Paycheck Is Getting Smaller, No Matter What
Congress was able to pass legislation to keep broader middle class income taxes from rising. But workers will still have to pay at least 2% more in payroll taxes .
IRS Changes Income Tax Withholding Tables For 2013 To Reflect Expired Tax Cuts
The Internal Revenue Service released new income tax withholding tables for 2013 late Monday to reflect the expiration of the 2001 and 2003 Bush tax cuts and the more recent payroll tax cuts of 2011 and 2012, but noted that the guidance would...
Congress Passes Fiscal Cliff Act
Pulling back from the “fiscal cliff” at the 13th hour, Congress on Tuesday preserved most of the George W. Bush-era tax cuts and extended many other lapsed tax provisions. Shortly before 2 a.m. Tuesday, the Senate passed a bill...
Speaker Boehner Plan To Avert 'Fiscal Cliff' Fail
House Speaker John Boehner was handed a stunning defeat late Thursday by members of his own party who refused to support his "Plan B" to avoid the year-end "fiscal cliff" that threatens to send the economy in to a recession. GOP leaders...
Tax Preparers Must Renew Their PTINs And Those Required To Take The RTRP Test Should Schedule It As Soon As Possible
The Internal Revenue Service today reminded professional tax return preparers to renew their Preparer Tax Identification Numbers (PTINs) if they plan to prepare returns in 2013. Current PTINs expire Dec. 31, 2012. Anyone who prepares or...
Net Investment Income Tax FAQs
1. What is the Net Investment Income Tax (NIIT)? The Net Investment Income Tax is imposed by section 1411 of the Internal Revenue Code (IRC). The NIIT applies at a rate of 3.8 percent to certain net investment income of individuals, estates and...
IRS Proposes Regulations On Net Investment Income Tax
The Internal Revenue Service and the Treasury Department have issued a set of proposed regulations on the 3.8 percent Net Investment Income Tax that takes effect next year as a result of the health care reform law, along with a FAQ page with...
Fiscal Talks Spur Charitable Giving
Tax uncertainty in Washington is setting off a mad scramble among wealthy taxpayers and charities to maximize donations before the end of the year. Their worry: The tax deduction for charitable giving, a fixture of the tax code for nearly a...
Obamacare Investment Income: A Downloadable Cheat Sheet
Judging by the reaction on the ol’ internet machine, the new regulations governing the Obamacare investment income tax have caused quite a bit of consternation within the tax community. Part of the problem is the length: when you include...
A Quest For Relevance
The recent efforts by the accounting profession to improve private company financial reporting revealed a clear and strong demand by small and medium-size entities, the CPAs who serve them, and those who use their financial statements for a...
How Much Tax Would You Owe On A $550 Million Powerball Jackpot?
With talk of the fiscal cliff and tax hikes for the rich dominating the news, you might be worrying about how much you’ll really get to keep after you win tonight’s record-setting Powerball jackpot. (Update: With frenzied ticket...
Public Encouraged To Vote On Student CPA Videos
TALLAHASSEE, Fla. – The Department of Business and Professional Regulation (DBPR) and the Florida Institute of Certified Public Accountants (FICPA) today encouraged the public to vote for their favorite video in a public service contest...
Supreme Court Upholds Health Care Law
The U.S. Supreme Court on Thursday declared the mandate in Sec. 5000A, requiring U.S. citizens and legal residents to maintain minimum essential health coverage, to be a permissible exercise of Congress's taxing powers under the Constitution...