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.
December 01, 2015Florida projected to gain a congressional seat but…
- WASHINGTON — Florida is slated to gain another congressional seat when the next reapportionment happens around 2020.
And that’s bad news.
Yes, it would elevate the already formidable political clout of the third-largest state. But...
December 01, 20155 Ways accounting firms can retain top performers
- Retaining top performers has always been a priority — and a challenge — for public accounting firms.
With many employers to choose from, competitive pay and the constant demand for talent, public accountants are never far from a...
November 25, 2015The New Economy: Wages Debate Moves To Florida Legislature
- The debate over raising the minimum wage has spread to the Florida Legislature
November 25, 2015Experts Foresee Big Premium Increases For Medicare Plan
- Beneficiaries have until Dec. 7 to see if there’s a lower-cost alternative to Medicare’s popular prescription drug program that will cover their medications in 2016. Consumer advocates and experts say it will pay to shop around this...
November 25, 2015State Moves To Improve HMO Fraud Recovery After I.G. Report
- Florida’s managed care plans, which are now at the heart of the state’s Medicaid program, are not adept at recovering millions of dollars in fraud and abuse, and the state agency charged with regulating HMOs need more training to...
November 25, 2015Florida Cities, Counties Look To Legislative Priorities
- With a little more than a month to go before the 2016 Legislature begins, city and county leaders from around the state met last week to finalize their legislative agendas for the annual session.
November 25, 2015Florida Added More Than 36,000 Jobs In October
- Gov. Rick Scott announced today that Florida businesses created 36,600 private-sector jobs across the state in October, the highest one-month total for jobs added in ten years. Since December 2010, 978,800 private-sector jobs have been created in...
November 25, 2015Treasury Steps Up Attack On Corporate Tax Inversions
- The Obama administration stepped up its attack on corporate tax inversions Thursday, announcing new rules designed to block U.S. firms from trying to cut their tax bills by reincorporating overseas.
Treasury Secretary Jacob Lew, whose agency...
November 19, 2015Florida, Orlando At Top Of Charts For Job Growth Nationwide
- Some cities and states are friendlier for jobs than others, and according to new data from the U.S. Bureau of Labor Statistics, Florida ranks towards the top for the nation's best states for job growth.
According to Professor Lee McPheters at...
November 19, 2015How Bread-winning Women Are Driving Alimony Reform
- When alimony reform comes to Florida, it may be too late for Tarie MacMillan, a 65-year-old who runs a jewelry business near Tampa.
MacMillan was ordered to pay her ex-husband $7,000 a month 15 years ago. Even so, she has joined the crusade to...
November 18, 20152016-17 FICPA's Council Slate Of Officers & Members-at-large Nominated
- In compliance with Article XI, Section 2, of the FICPA Bylaws, be it known that the following nominations for Chair-Elect and Director are and will be submitted to the Board of Governors for consideration for election by December 31, 2015. Chair:...
November 17, 2015Fisher Students Make Impressive Presentation At FICPA Conference
- Five Fisher students made an impressive presentation during the UF Florida Institute of CPAs (FICPA) Conference on Nov. 5 at the Hilton UF Conference Center Hotel.
November 13, 2015Suit challenges ‘core’ of Florida’s workers comp system
- The latest workers compensation case accepted by the Florida Supreme Court may pose the biggest challenge yet to the state's exclusive remedy provision.
November 13, 2015Legislation Filed to Regulate Daily Fantasy Sports Websites
- State Sen. Joe Negron and Rep. Matt Gaetz filed new draft legislation Tuesday that would put restrictions on daily fantasy sports websites such as DraftKings, FanDuel, and others operating in the state.
November 12, 2015Honoring Those Who Served
- The Florida Institute of CPAs is taking time to honor all who served for Veterans Day. We are indebted to your service in defending our great nation and the freedoms we cherish.
The FICPA would like to recognize the veterans among our members:
November 12, 2015Export-Import Bank Renewal is Included in House-Approved Transportation Bill
- In adopting a six-year transportation bill to fund highway and transit projects Thursday, the House also approved the revival of the Export-Import Bank, which has been idle since its charter expired in June.
November 12, 2015Sales tax on flowers goes to Florida Supreme Court
- State Supreme Court justices Thursday questioned attorneys in a battle about whether Florida should collect sales taxes on flowers ordered online and delivered in other states.
November 05, 2015Florida TaxWatch Makes the Case for Cutting Manufacturing Tax
- lorida’s manufacturing sector is vital to diversifying the state economy, and provides high wage jobs and a stable income stream,” said Dominic Calabro, the president and CEO of Florida TaxWatch. “The manufacturing machinery and...
November 05, 2015Proposal Would Create New Status For Retired CPAs
- A new, uniform “Retired-CPA” status would be created under a proposal issued this week by the boards of directors of the AICPA and the National Association of State Boards of Accountancy (NASBA). - See more at:...
November 05, 2015MyRA Accounts Offer Employers No-cost Way Of Helping Workers Save For Retirement
- Businesses will now be able to help their employees save for retirement without the expense and hassle of administering a 401(k) plan or pension plan.
November 05, 2015Florida Court Strikes Down Law On Credit Card Surcharges
- Pointing to the First Amendment, a federal appeals court has struck down a Florida law that bars businesses from imposing a "surcharge" on customers who pay with credit cards.
November 04, 2015Court Switches Gears, Says AICPA Can Sue IRS Over Tax Preparer Credentials
- An Appellate Court has overturned a ruling made last year that stopped the American Institute of Certified Public Accountants (AICPA) from challenging the Internal Revenue Service’s (IRS) new voluntary program to “credential”...
November 03, 2015PTIN user fee will be lowered
- The IRS issued temporary regulations on Thursday lowering the user fee for preparer tax identification numbers (PTINs) from $50 for new or renewal PTINs to $33 (T.D. 9742). PTINs must be obtained by everyone who prepares or assists in preparing a...
November 03, 20154th Floor Files talks with Justin Thames about fairness, accounting and new bow ties
- The latest edition of 4th Floor Files talks with Justin Thames, director of governmental affairs at the Florida Institute of CPAs. FICPA represents more than 20,000 members in front of the Florida Legislature, regulatory agencies and the Florida...
October 30, 2015New Training System Shows CPAs and Finance Execs How to Be Future Ready, Anticipate Disruption
- In a world defined by accelerating change and complexity, the ability to anticipate disruptions, problems, client needs, and new opportunities will be the most important skill any business person can possess.
It’s a skill the team members...
October 30, 2015Florida’s Hardest Hit Fund Hampered By Nation's Worst Record
- Florida’s Hardest Hit Fund has accepted the smallest percentage of applicants of any state, a federal inspector general said Wednesday.
October 30, 2015Accounting Services Industry Projected to Grow
- The accounting services industry is projected to grow at 1.8% overall between 2012 and 2017. That growth is triggering international demand for financial professionals with specialized resources and advisory service credentials.
October 28, 2015Florida Chamber Summit Forecasts State's Economy To Remain Strong For Next Three Years
- Florida’s economy is expected to remain strong for the next three years, boosted by steady population growth and healthy tourism.
The good economic news for the Sunshine State came through its annual financial checkup Tuesday morning at...
October 28, 2015New Name Reflects Major Accounting Firm's Global Reach
- The company has been expanding through acquisitions, Lisi said at the Tampa Bay Business Journal’s accounting roundtable at NorthStar Bank on Oct. 5.
October 28, 2015McGladrey Rebrands To Better Reflect Its Global Status
- RSM does business in more than 110 countries, using the RSM International brand. Now its U.S. operations will share that brand. McGladrey is the seventh-largest accounting firm in Kansas City, based on the size of its professional staff,...
October 23, 2015Florida Supreme Court sets December hearing on medical marijuana
- TALLAHASSEE, Fla. (AP) — The Florida Supreme Court is going to hold a Dec. 8 hearing on a measure to legalize medical marijuana.
The court on Wednesday ordered oral arguments on the proposed amendment. The high court must decide whether or...
October 23, 2015Five years later deepwater horizon funding trickling into Florida
- Five years after the Deepwater Horizon oil rig exploded in the Gulf of Mexico, just $170 million for environmental restoration and recreation projects have been approved in Florida out of more than $3.25 billion expected to eventually come to the...
October 23, 2015Report from Council: Anticipate the Future
- Surveys show that more and more clients are complaining that their accountants are not proactive or innovative enough – but they can change that, according to futurist Daniel Burrus.
October 23, 2015IRS: 401K Contribution Limit to Stay the Same in 2016
- The maximum contribution limit for employees who participate in a 401(k) plan will be $18,000 in 2016, the same as in 2015, the IRS announced on Oct. 21.
October 23, 2015The IRS is now recognizing same-sex marriages no matter where they were performed
- The IRS is making it official: The tax agency says it will now recognize same-sex marriages regardless of where they were performed.
October 23, 2015Payback: Most Bernie Madoff Ponzi Scheme Victims to Get $1M
- Almost seven years after the collapse of the largest Ponzi scheme in U.S. history, many victims who lost big in Bernard Madoff’s crooked plot will be getting a handsome paycheck, officials said today.
October 20, 2015Study: Big Businesses Get Lion’s Share Of Florida's Tax Credits
- Nearly every dollar spent on one of Florida’s largest jobs programs is given to large, often out-of-state companies, a new study says, bolstering concerns from the state’s top economist that more should be done to grow small...
October 20, 2015State Economists Deliberate Over Fiscal Impact Of Medical Marijuana Amendment
- A group of economists representing the executive branch, both houses of the Legislature and various state agencies identified a handful of sticking points — but few if any definitive solutions =- when it comes to the possible economic...
October 20, 2015Congress Inclined to Add Alternative Measures to CRE Audit Bill
- One Congressional bill that has had the commercial real estate industry very worried is the bipartisan "Partnership Audit Simplification Act of 2015", which was introduced in June by Rep. James Renacci (R- OH) and Congressman Ron Kind (D-WI)....
October 20, 2015Lack Of 2016 Wage Increase In Florida Surprises Some
- Each year, the state determines what the minimum will be, for the coming year, by Oct. 15.
The decision was not made by Gov. Rick Scott, but by a formula that ties minimum wage to the Consumer Price Index.
Given the fact that unemployment rates...
October 19, 2015Premier Committee Event: CIRA Committee/DBPR Liaison Meeting
- ** NEW **Meeting location: 1400 West Commercial Blvd.
(different from last year) Ft. Lauderdale, FL 33309 Meeting date & time: Tuesday, December 15, 2015
8:00 am – 4:00 pm (lunch served at noon) Hotel Information: Holiday Inn Express...
October 19, 2015Florida Legislative Leaders Unveil Their Agendas
- With the Legislature meeting in a special session next week followed by the regular session in January, the leaders of the two chambers weighed in on their agendas on Wednesday.
Senate President Andy Gardiner, R-Orlando, and House Speaker Steve...
October 19, 2015Florida Gov. Rick Scott will ask Legiislature for big tax cuts
- TALLAHASSEE, Fla. (AP) -- Familiar battles over tax cuts and health care could return during the 2016 session of the Florida Legislature.
Gov. Rick Scott and the state's two legislative leaders discussed some of their major priorities Wednesday...
October 19, 20152.8 Million Floridians Still Uninsured Even as Just 20% Fall in Medicaid Gap
- Florida still has nearly 2.8 million residents who lack health insurance, according to a new report, and 80 percent of them are uninsured for reasons that have nothing to do with Medicaid politics.
Many qualify for subsidized plans under the...
October 19, 2015Employers offer cash to push shopping around for health care
- Paula Bennett pockets about $3,000 a year from her employer mainly for driving around 80 miles roundtrip for a deal on doses of her Crohn's disease treatment Remicade.
The extra income comes through SmartShopper, a program offered by some...
October 19, 2015Venture capital in South Florida” Total funding slips, but deals get bigger
- Following a national trend, South Florida venture capital deals are getting larger. Yet, there are just not enough of them to put the state on the venture map.
Modernizing Medicine, the fast-growing Boca Raton-based electronic medical records...
October 19, 2015Upcoming Changes in Federal Wage Law
- The United States Department of Labor (US DOL) is amending the Fair Labor Standards Act in an effort to update it to take wage changes and inflation since the last update in 2004 into account. The Final Rule announcements are expected in early...
October 19, 2015State negotiating with Seminole tribe on gambling
- TALLAHASSEE — Seminole casinos would get craps and roulette, a Palm Beach County dog track could have slot machines and the state could reap at least $3 billion over seven years, under a gambling deal being negotiated between state leaders...
October 19, 2015Trans-Pacific Partnership Could Cut Florida’s Agricultural Tariffs
- With the approval of the Trans-Pacific Partnership Agreement, the agricultural industry in the U.S. could change.
The new trade regulations would slash tariffs on Florida’s exports, like citrus and beef, to countries like Japan, Singapore,...
October 14, 2015Talks trying to solve gambling 'Rubik's Cube' in Florida
- Seminole casinos would get craps and roulette, a Palm Beach County dog track could have slot machines and the state could reap at least $3 billion over seven years, under a gambling deal being negotiated between state leaders and the tribe.
October 14, 2015Florida minimum wage debate still going on
- Raising the minimum wage is a national and statewide discussion. This month, 18 Florida Democrats tried living on $17 a day for five days in an effort to bring attention to the possibility of increasing the state's minimum wage to $15 an hour, as...
October 09, 2015Premier Committee Event – Florida State Tax Committee/DOR Liaison Meeting
- *Meeting location** Offices of the Florida Department of Revenue
(same as last year) 2450 Shumard Oak Blvd., Tallahassee, FL 32399 Meeting date & time: Friday, December 11, 2015
8:00 am – 4:00 pm (continental breakfast & lunch is...
October 08, 2015Legislature moves closer to cutting Florida’s ‘corruption tax’ (FLORIDA RANKED #1 FOR OFFICIAL CORRUPTION)
- TALLAHASSEE-- The Legislature has moved a step closer to unshackling prosecutors and cutting what a grand jury called Florida's "corruption tax."
State Rep. Ritch Workman, R-Melbourne, said he would sponsor a bill supported by Gannett news sites...
October 07, 2015BP settlement agreement announced in July to be filed Monday
- NEW ORLEANS (AP) -- The public is about to get a look at details of an $18 billion settlement agreement announced in July to resolve years of legal fighting over damage done by the 2010 Gulf of Mexico Oil Spill.
A statement from the U.S. Justice...
October 02, 2015IRS Sets Priorities for Tax-Exemption Unit
- The Internal Revenue Service has released a set of priorities for its Tax Exempt and Government Entities Division as it tries to turn the page on a scandal involving applications for tax-exempt status by conservative political groups.
October 02, 2015PCAOB Refocuses Audit Firm Inspections
- The Public Company Accounting Oversight Board released a document Thursday describing its main objectives, focus and scope when inspecting audit firms this year.
According to the PCAOB staff inspection brief, the inspections staff is taking a...
October 02, 2015@FloridaTaxWatch Urges Legislators Not to Spend all of $635 Million Surplus
- Florida TaxWatch urged state legislators not to blow through the $635 surplus expected in the 2016-17 fiscal year. “Florida’s economy is returning to its pre-recession days, and the available funds for the state budget reflect that...
October 02, 201527 new Florida laws Going Into Effect
- “Johns” who have faced arrest in the past for soliciting prostitution might want to think twice before repeating their actions.
A new law that went into effect in Florida on Oct. 1 assigns much stiffer penalties for those who choose...
October 02, 2015FASB proposes narrow changes to revenue recognition standard
- The US Financial Accounting Standards Board (FASB) on Wednesday proposed changes that are designed to improve guidance on collectibility, noncash consideration, and completed contracts at transition in the new revenue recognition standard.
September 30, 2015More than half of Citizens customers reject transfer offers in 2015
- Customers in Florida’s state-run and largest insurer are getting choosier.
Fewer than half are accepting offers to switch to private insurers this year, down from 70 percent a year ago at Citizens Property Insurance Corp., records...
September 29, 2015Bill Seeks to Cut Commercial Lease Tax
- TALLAHASSEE (CBSMiami/NSF) – Describing the proposal as a “common-sense approach,” a House Republican has filed a bill that would reduce a controversial sales tax on commercial leases.
The bill, filed by Rep. Heather...
September 29, 2015Florida Congressional Districts now up to Judge
- Attorneys for the Florida Legislature and voters’ groups dueled fiercely over a toss-up congressional district in Miami-Dade County, as a three-day hearing into drawing new boundaries ended Monday.
September 29, 2015Accomplices may have been involved in massive ocean reef theft
- The woman who the State Attorney's Office says stole hundreds of thousands of dollars from the exclusive Ocean Reef Club in North Key Largo may have had accomplices or an accomplice, according to a well-placed source in the community.
September 29, 2015Florida fails to apply for federal grant to fight worker misclassification
- The U.S. Department of Labor divvied up $10 million worth of federal funding among 23 states to fight the problem of worker misclassification, but Florida didn’t get a penny.
That’s because the state didn’t apply for a grant...
September 29, 2015Buchanan files bill to curb tax fraud
- A growing form of identity theft could become more difficult under legislation filed by U.S. Rep. Vern Buchanan.
Buchanan, R-Longboat Key, announced the introduction Monday of H.R. 3568, which would allow employers to keep Social Security...
September 23, 2015Beyond New Revenue Standard – Upcoming Tasks for Accounting Profession
- What are the reasons, we know so far, make the new revenue recognition standard so difficult to apply that companies are still not ready yet to implement? One reason is that the new standard is principles-based that would require accounting...
September 23, 2015IRS Testing New Program to Fight Tax Fraud
- The Internal Revenue Service is testing a new Return Review Program to help identify instances of tax return fraud, but the security of the system needs improvement, according to a new government report.
September 23, 2015Ocean Reef Staffer accused of stealing close to $1 million from resort
- State Attorney’s Office investigators say a Homestead woman stole hundreds of thousands of dollars from the exclusive Ocean Reef Club over the course of five or six years.
Jamie Lynne Anderson, 39, admitted to the theft, according to an...
September 23, 2015Even with Big Surplus Lawmakers Have Little Room for Longterm Projects
- Last week, state economic forecasters unveiled Florida’s three-year financial outlook. The headline coming out of that hearing is next year’s surplus. As state lawmakers get back to the difficult work of spending money, they’ll...
September 23, 2015IRS Ruling Makes After-Tax Contributions More Attractive
- Making pretax contributions to your 401(k) retirement plan is a no-brainer. But recent changes in federal tax rules may make it more attractive for serious savers to increase after-tax contributions, as well.
The benefit of pretax contributions...
September 23, 2015Colorado Marijuana Tax Revenues Nearly Double Last Year’s Figures
- Legal marijuana tax revenues have been breaking records in Colorado this summer, nearly doubling monthly numbers from last year and on pace to exceed projections of legal sales that bring revenue back.
September 23, 2015IRS: Coca-Cola owes $3.3 billion in taxes
- The Internal Revenue Service claims The Coca-Cola Co. (NYSE: KO) owes $3.3 billion in taxes plus interest for profits made overseas.
The Atlanta-based beverage giant said the IRS sent it a notice Thursday stating a five-year audit found “a...
September 23, 2015Small-business lenders look at social media as ‘extra tool’ in approval decision
- One lender, quick to point out that decisions still rely on traditional factors like credit and cash flow, says social media "helps us dig in to learn more about the borrower and business that maybe we didn't get into during the interviews."
September 15, 2015Ethics commission Oks plan for e-filing of financial disclosures
- Florida's Commission on Ethics jumped into the technological unknown Friday as it approved a legislative mandate to change to an electronic filing system for public officials' financial disclosure statements by 2019.
September 15, 2015Florida ethics commission balks at forcing spouses of elected officials to revel finances
- Citing a scandal that engulfed Tampa politician Jim Norman, a divided state ethics commission on Friday debated and discarded a proposal to force spouses of elected officials to reveal their personal finances as a check against corruption.
September 15, 2015Fact Sheet: Empowering Students to Choose the College that is Right for Them
- Increasing the number of Americans with college degrees is a key part of President Obama’s strategy to grow the economy and ensure that prosperity is shared widely. For students, higher education may be the single most important investment...
September 15, 2015Government says students can apply earlier for college aid
- Aspiring college students will be able to apply for federal financial aid three months earlier than now and submit a previous year’s tax return, changes aimed at helping more people pay for school, the White House said Sunday.
September 15, 2015Sweeping changes in store for mortgage lenders when new federal rules start on Oct. 3
- The ride may be bumpy if you plan to buy or sell a house in the months after Oct. 3, when new federal rules take effect that are meant to protect consumers and prevent another sub-prime mortgage meltdown like the one that spurred the Great...
September 15, 2015Florida in middle of airport and seaport construction. Is it enough for 100 million visitors?
- The last time Erik Paul took a Caribbean cruise out of PortMiami, getting off the ship took well over an hour. The lines clearing immigration in the port were backed up, and there was such general chaos that Paul's mother got into a heated...
September 15, 2015Congress May Give IRS Authority to Regulate Tax Preparers
- Last year, Internal Revenue Service (IRS) Commissioner John Koskinen announced the Annual Filing Season Program, a voluntary and temporary program intended to fill the holes left after the IRS lost the right to regulate tax preparers following...
September 14, 2015Legislature asks court to dismiss Amendment 1 lawsuit
- The Florida Legislature has filed a motion asking a trial judge to dismiss a lawsuit filed by environmental groups that alleged the House and Senate misappropriated $237 million in Amendment 1 spending in the new state budget.
September 14, 2015Colorado will suspend tax on marijuana for one day
- On Sept. 16, marijuana enthusiasts in Colorado will walk away from their favorite dispensaries with a slightly heavier wallet than they’re accustomed to. That’s because Colorado’s tax law is forcing a state wide suspension of...
September 14, 2015GAO Questions #IRS Case Selection Process for Collections
- The Internal Revenue Service’s Automated Collection System lacks key controls for selecting which delinquent tax cases to pursue, according to a new report by the Government Accountability Office.
The IRS's ACS is one of the main means for...
September 14, 2015Accountants: Beyond inputting numbers
- Accountants are no longer just the stereotypical number guys, math nerds, tax preparers, or boring introverts many believe them to be. They’re also the guys and gals who are advising chief executive officers on the future of their business....
September 09, 2015Florida Legislature Anticipating $635 Million Budget Surplus In 2016
- The Florida Legislature is anticipating a $635 million budget surplus in 2016, money that some state lawmakers are already hinting will go towards more tax cuts and education funding, among other things.
The budget projection comes just a week...
September 09, 2015Former Bradenton Housing Authority Official Sentenced To Probation
- Former Bradenton Housing Authority official Stephany West on Wednesday was sentenced to 5 years of probation, for getting paid for working when she was off cavorting with her boss and lover Wenston DeSue.
U.S. District Judge Susan Bucklew also...
September 09, 2015CPA Firm Fees and Income Continue to Grow
- Net fees at CPA firms and per-partner income grew this past year, according to the newly released Rosenberg Survey.
The Rosenberg Survey, now in its 17th year, reports on the results of 395 accounting firms ranging from $2 million to $20 million...
September 09, 2015July Foreclosure Inventory Highest In New Jersey, New York, Florida
- In the month of July, 38,000 U.S. home foreclosures were completed, down 6.2% month over month and down 24.4% from a total of 650,000 in July 2014, according to CoreLogic. The research firm also notes that the current foreclosure inventory totals...
September 09, 2015Tampa Bay Couple In 'Awful Situation,' Forced To Sell As Condo Converted To Rental
- If someone forces you to sell your property, shouldn't they be required to give you at least as much as you paid for it? • That's what Nadia and Tyson Le Monte thought when they learned they would have to sell their St. Petersburg condo —...
September 09, 2015Canada's Emera To Buy Teco Energy For $6.44 Bln To Expand In U.S.
- Canadian energy company Emera will acquire U.S. electric and gas utility holding company Teco Energy for $6.44 billion to expand in the United States.
Shares of Teco, which operates in Florida and New Mexico, rose to $26.70 in extended trading...
September 08, 2015CPA Depositions: 10 Things to Avoid
- Lawsuits are never fun, particularly for CPA defendants who stand to lose money, reputation and time.
And it’s no fun sitting through a deposition and answering questions calculated to elicit information that makes someone look bad,...
September 08, 2015White House Takes Aim at Medicare and Medicaid Billing Errors
- White House budget director Shaun Donovan called for a "more aggressive strategy" to thwart improper government payments to doctors, hospitals and insurance companies in a previously undisclosed letter to Health and Human Services Secretary...
September 08, 2015Local Student chosen for White House Initiative
- An invitation to be part of a White House initiative is a coveted honor and one Bethune-Cookman University student is among 82 other undergraduate and graduate students from HBCUs to achieve that accolade.
Landon Wright of Orlando, a senior...
September 02, 2015Lease Accounting Project Update: Great News for U.S. Banks
- Bank lessors are the major players in the leasing industry both in the U.S. and in IFRS countries. They are both lessors and lessees. The news from the lease project is very good for U.S. bank lessors but not great for IFRS bank lessors. The FASB...
September 02, 2015PCAOB Outlines Scope of Inspections of Broker-Dealer Auditors
- The Public Company Accounting Oversight Board has published a staff inspection brief detailing the objectives, focus, and scope of its ongoing inspections in 2015 of auditors of brokers and dealers.
September 02, 2015FASB Proposes GAAP Taxonomy Changes for 2016
- The Financial Accounting Standards Board released the proposed 2016 GAAP Financial Reporting Taxonomy for public review and comment Tuesday.
The proposed 2016 taxonomy contains updates for accounting standards and other recommended improvements...
September 02, 2015Internal Revenue Service Sued By Taxpayers Over Data Breach
- The Internal Revenue Service must answer in court for a data breach in which hackers gained access to personal identifying data belonging to at least 330,000 people.
Two Texas women sued the agency Thursday in Washington, complaining that...
September 01, 2015Changes proposed for CPA exam would enhance higher-order skills testing
September 01, 2015Florida Health Care Premiums to increase 9.5% in 2016
September 01, 2015Are Nano-Learning CPE Programs the Future of CPAs?
September 01, 2015The path to CFO Doesn’t Run Through CAO
September 01, 2015Beware Accounting Loopholes for Pre-IPO Companies
September 01, 2015Tech Tips: Windows 10 Privacy Settings Worth Checking
August 26, 2015BP Settlement Money Flows To Far-flung Places
- Clusters of landlocked municipalities more than 100 miles from the Gulf Coast have secured millions of dollars in BP money through settlements designed to compensate local governments for lost tourism dollars and other economic damage from the...
August 26, 2015Which Florida County Has The Most Foreclosures? See Our Map
- Foreclosure filings in Palm Beach County fell 26 percent from July 2014 to July 2015, research firm RealtyTrac said in a report released today.
The company counted 1,396 foreclosure filings last month. While the year-over-year number was down,...
August 26, 2015How To ... Spot An Embezzler At Your Company
- Becky Bokrand can’t discuss a recent case she turned over to the Federal Bureau of Investigations, but she’s seen her share of embezzlers.
July 24, 2015Federal Tax Implications For Same-sex Spouses
- Same-sex marriages are now recognized for federal tax purposes. United States v. Windsor, is an important court case. The Supreme Court changed federal laws interpreting the meaning of "marriage" and "spouse" to a to include same-sex couples.
July 24, 2015Fla. Sales Tax Holiday Is Aug. 7-16
- School starts Aug.10 in Jackson County, but last-minute shoppers (and retailers) are in luck this year. Florida’s extended back-to-school sales tax holiday will kick off Friday, Aug. 7 and continue through the first week of classes, ending...
June 30, 2015Sherrill Norman To Be Sworn In As State Auditor General
- Ms. Sherrill Norman will be sworn in as Florida’s new Auditor General on Wednesday, July 1, 2015. The ceremony will begin at 2:00 p.m. in the atrium of the Claude Pepper Building (111 West Madison Street, Tallahassee). A reception will...
June 18, 2015Governor Rick Scott Appoints Patrick T. Hogan to Board of Directors of Florida ABLE, Inc.
- Today, Governor Rick Scott announced the appointment of Patrick T. Hogan to the Board of Directors of Florida ABLE, Inc.
Hogan, 47, of Bradenton, is the managing shareholder of Hogan Legal Services. He is currently a member of the Florida...
February 11, 2015CPA Firm Administrators Wear Many Hats
- Thirty-five years ago, Celia Cue was the first hire at Miami CPA firm Berkowitz Pollack Brant Advisors and Accountants. During those early years, Celia did a little bit of everything while serving as administrative assistant to firm CEO Richard...
January 13, 2015Retirement: What The New Congress Has In Store
- Exactly what do they have in store for older Americans and retirees?
Are changes to Social Security and Medicare on the table, as some activists wonder? And, are changes in store for the tax advantages of our retirement savings accounts, like...