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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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Florida To Swear In First Female State Auditor General
Florida is getting its first female state auditor general. Sherrill Norman will be sworn in Wednesday as the state’s sixth Auditor General, a constitutional officer who serves as the state’s independent auditor. She will replace...
What The Ruling On Subsidies Means For Florida
On Thursday morning, the Supreme Court announced a ruling in the case of King v. Burwell, which upholds the subsidies awarded to Floridians who enrolled in coverage through healthcare.gov. Over the last few months, policymakers, health care...
Florida Retailers Expect A Back-to-school Boom With 10-day Sales-tax Holiday
Florida retailers are expecting a busy August as shoppers across the Sunshine State take advantage of a 10-day sales-tax holiday. Last week, the Legislature voted to extend the back-to-school tax holiday to 10 days, a large increase from the...
No One Said Accounting Standards Are Easy But This Is Ridiculous
In the Wall Street Journal recently Art Garcia, CFO for Ryder System, said out loud what probably every finance executive has been thinking for the last year: Why can't regulators put both the forthcoming revenue-recognition and lease-accounting...
Can Anything Save Us From Accounting Standards Madness?
In part one of this article we looked at the complicated issues surrounding accounting and how they are increasingly affecting non-accounting real estate decisions. To sum up its conclusion: it's a mess and getting messier as key standards...
See Where Florida Ranks Among 'America's Top States For Business'
In newly released rankings by CNBC of "America's Top States for Business," Florida came in at No. 16. All 50 states were scored on more than 60 measures of competitiveness, developed with input from business and policy experts, government...
Sherrill 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...
Agency: Staff Cuts Take Toll On Irs Tax Enforcement Efforts
Budget cuts to the IRS are hampering the agency's efforts to uncover tax cheats, an agency watchdog said Wednesday, and more trims are on the way under legislation approved by a GOP-controlled House panel. IRS budget cuts are hurting tax...
2015 Poised To Be Best Year For M&A Since Financial Crisis, According To PwC
Coming off a historic year for mergers and acquisitions (M&A), the U.S. retains its position among the most attractive markets for investments. As such, dealmaking during first half of 2015 has reflected a buoyant U.S. M&A market which is...
Court Decision Holds Fate Of 1.3m Floridians
The Supreme Court, in King v. Burwell, will soon decide whether more than a million Floridians will lose subsidies they rely on to buy insurance on HealthCare.gov.
Florida Gov. Oks More Than $400 Million Tax Cut Package
Florida Gov. Rick Scott is moving quickly to approve a more than $400 million tax cut package. Scott on Tuesday signed into law a tax cut bill that the Florida Legislature approved a day earlier.
What Florida's Rejection Of Medicaid Expansion Means To Your Business
Under state lawmakers' new plan, about $2 billion will go to nearly 200 hospitals in Florida to help cover the cost of treating the uninsured. The state's plan includes using $400 million in state tax revenue to fund the Low Income Pool. The...
Governor 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...
Update: Florida Legislature Oks $400 Million In Tax Cuts
Floridians will get a small cut on their cellphone bills and be able to do their back-to-school shopping tax free for 10 days under a tax cut package approved Monday by the Florida Legislature. The package, which had been caught in the middle of...
Floridians To Get 10-day Sales Tax Holiday
Floridians will get a 10-day tax break on school supplies, computers and clothes under a more than $400 million tax cut package approved by the Florida Legislature. The Senate on Monday passed the tax cut bill by a 34-2 margin. The Florida House...
Exclusive: U.S.-Cuba Deal Expected In Early July To Restore Ties, Reopen Embassies
The Obama administration is expected to announce an agreement with Cuba in early July to reopen embassies and restore diplomatic relations severed more than five decades ago, U.S. sources familiar with the matter said on Friday. The two sides...
Gus Bilirakis Proposes Tax Credits For Hurricane, Tornado Readiness
With hurricane season upon us, U.S. Rep. Gus Bilirakis, R-Fla., brought out the “Strengthening Homes and Eliminating Liabilities Through Encouraging Readiness” (SHELTER) Act on Friday. The proposed legislation would give tax credits...
The Downside Of Treadmill Desks
Treadmill desks are popular, even aspirational, in many offices today since they can help those of us who are deskbound move more, burn extra calories and generally improve our health.
RPOF's Second In Command Running For Legislature
The second highest ranking official in the state Republican Party is hoping to join the top ranking officer in the Florida Legislature next year. Sarasota Republican Joe Gruters, the vice chairman of the Republican Party of Florida, officially...
Last-minute Rush As Deadline Nears For Oil Spill Settlement
Brisk business was reported at Gulf Coast offices and on the Internet as people filing claims for losses blamed on the 2010 BP oil spill rushed to meet a midnight deadline. Claims administrator Patrick Juneau predicted a last-minute rush last...
Lawmakers Close To Ending State Budget Battles
Lawmakers kicked-off final budget talks Saturday afternoon, making quick progress on the biggest issue that forced a special legislative session and promising to have a spending plan hammered out by early next week. The state’s regular...
What's The Outlook For Accounting Firms In Florida?
“I’m extremely optimistic about 2015. The signs are pointing to an improving economy, which means more business opportunities and more jobs in Miami. It’s also positive that individuals from Latin America, Europe and Asia are...
IG: IRS Failed To Upgrade Security Ahead Of Cyberattack
The IRS failed to implement dozens of security upgrades to its computer systems, some of which could have made it more difficult for hackers to use an IRS website to steal tax information from 104,000 taxpayers, a government investigator told...
Four Florida CPA Candidates Receive National Award For Outstanding Exam Performance
The Florida Department of Business and Professional Regulation (DBPR) Division of Certified Public Accounting today congratulates the winners of the 2014 Elijah Watt Sells Award. Four candidates from Florida are being recognized for their...
Florida Leads Nation In Number Of New Self-employed Jobs
Florida created more jobs with people working for themselves than any state in the nation, according to figures released Wednesday by the U.S. Census Bureau, but the reason may have more to do with underemployment than anything else. The state...
The IRS Hack: Beware Of Follow-up Scams
The drill should be familiar by now: A company or government agency -- like the IRS -- announces it's been hacked. Next thing you know, scamsters strike again. This time, they pretend to be the breached entity offering to help people clean up...
What To Consider Before Monitoring Employee Smartphones
In the latest chapter of the saga known as “deflategate,” New England Patriots quarterback Tom Brady is preparing to appeal a four-game suspension for violating the NFL policy on the integrity of the game. Brady’s lack of...
House Releases Special Session Calendar
Monday, June 1 1:00 p.m. Special Session convenes 3:00 p.m. Workshop on the substance of CS/SB 7044 (2015) All members will be invited to this workshop hosted by the House Health and Human Services Committee Tuesday, June 2 9:00 a.m. Finance...
Health Law's Disputed Phrase May Have Been An Oversight
They are only four words in a 900-page law: "established by the state." Related News/Archive At USF visit, Obama official talks up health care law 6 Months Ago Report: Many Florida children still have no health insurance 6 Months Ago CDC...
Tips For Choosing The Right Accountant
I often hear that it is difficult to find a great accountant. As with anything in life, it is a matter of research and finding the right match for your personality and technical requirements. Here is some information to assist you in finding the...
Report: What Separates Great Managers From The Rest
To win the global battle for the best customers, companies must choose managers based on their innate talent to lead. Naturally talented managers know how to develop and engage their employees, according to Gallup research. They create...
Accounting Students Urged To Apply For Clay Ford Scholarship
The Department of Business and Professional Regulation’s (DBPR) Division of Certified Public Accounting and the Florida Institute of CPAs (FICPA) are encouraging minority accounting students statewide to apply for this year’s Clay...
Florida Health Insurer Wants 31% Hike In 2016
Most filings are hidden from public view as trade secrets, but records obtained by The Palm Beach Post show one Florida health insurer wants a 31.3 percent rate increase in 2016 and another 18.2 percent. There’s a glimpse of good news for...
Scott Reiterates Fight For Tax Cuts
Gov. Rick Scott resumed his push Wednesday for a massive tax-cut package and a “historic” increase in school funding, downplaying a call for agency heads to prepare for a bare-bones budget. “I’m cautiously optimistic that...
AICPA Releases 6-point Plan To Enhance Audit Quality
In a six-point plan released Thursday, the AICPA describes extensive ongoing and new efforts to improve audit quality. Continued improvement in the quality of audits has long been a core focus of the AICPA. In May 2014, the Institute launched...
Feds Suggest Possible Hospital Funding To End Florida's Budget Standoff
The federal government told Florida Thursday that the state will need $1 billion next year to maintain a hospital funding program that’s at the center of a political stalemate preventing passage of a new state budget — but officials...
Payment Snafus Plague Switch In Nearly 600,000 Citizens Policy Numbers
By Charles Elmore - Palm Beach Post Staff Writer Florida’s largest insurer changed its account numbers for nearly 600,000 customers, but some payments to the old account numbers are going awry and causing headaches for customers of...
Employers Must Monitor 401(k) Fees, Supreme Court Rules
In a move that could brighten retirement prospects for millions of Americans, the U.S. Supreme Court ruled that employers have a duty to keep watch over 401(k) plans to guard against high management fees that can erode retirement savings. A...
Gray Area In The Law: Banks Just Say No To Legal Marijuana
The U.S. government has opened a new line of business for America's biggest banks, and for once they don't want it. Little wonder: It's cash from legalized marijuana. The financial-crimes arm of the Treasury Department is making it easier to...
How Much Do CPAs Make?
According to the Bureau of Labor Statistics (BLS), the unemployment rate for workers with a bachelor's degree in the U.S. is only 3.5%, compared to 6% for those with a high school diploma. Still, many college graduates seek additional education...
Senators Offer Civics Lessons In Response To Scott's Request For Budget Data
Gov. Rick Scott asked state agencies Thursday for bare-bones spending plans to stave off a government shutdown, a move that has prompted key senators to note the governor does not write state budgets. It’s a continuation of the jockeying...
Gov. Scott Asks For Critical Needs List In Case Of Government Shutdown
Gov. Rick Scott directed all state agencies Thursday to draw up lists of "critical service needs … in the event Florida is forced into a government shutdown on July 1." Scott's memos to agencies carry an alarming tone and were released the day...
AICPA to FAF: Full Steam Ahead on Private Company Accounting Matters
In a letter to the Financial Accounting Foundation (FAF) Board of Trustees on May 8, the American Institute of CPAs (AICPA) urged the FAF to “continue the momentum” of addressing private company financial reporting issues. AICPA...
25th Anniversary For The FICPA 1040K Run
It’s the 25th anniversary of the FICPA 1040K Run. The Florida Institute of CPA’s are wild bunch. The run/walk is on Saturday, April 18, here in Coconut Grove. It starts at 7:30 am.
FICPA, DBPR Encourage Accounting Students To Apply For Clay Ford Scholarship
The Department of Business and Professional Regulation’s (DBPR) Division of Certified Public Accounting and the Florida Institute of CPAs (FICPA) are encouraging minority accounting students statewide to apply for this year’s Clay...
5 Reasons Why Your Business Needs An Accountant
Many small businesses owners don't realize that a staggering 80 percent of U.S. businesses fail within the first 18 months. Typically, one of the main causes is poor financial management.
How To Understand And Comply With 'Affordable Care Act' Requirements
The "Affordable Care Act" (ACA) is five years old, and yet many people still struggle to understand the law and its implications. Frequent changes and differing requirements for businesses of varying sizes complicate efforts to stay up to date.
Benefits of Establishing Long-Term Relationship with CPA
A CPA is more than just a person who does your taxes. In this Money Matters Report, Time Warner Cable News’ Tara Lynn Wagner explains why you might want to make them a more vital member of your team.
FASB Agrees to Propose Revenue Recognition Standard Delay
Financial statement preparers may get the option to take more time implementing the new revenue recognition standard. FASB agreed Wednesday to propose delaying the effective date by one year for both public and private companies. The board voted...
What To Know About Taxes And Health Care
It has caused a lot of taxpayers who enrolled in the Affordable Care Act some confusion and has even affected people who have private insurance. However, with this added confusion, there are some things people need to know. First, if you have...
CPA 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...
The 'Dirty Dozen' Tax Scams to Avoid
The IRS recently released its "Dirty Dozen" list of tax scams for the 2015 filing season, and phone calls from scammers posing as IRS agents top the list. Fake emails or phishing schemes, identity theft and tax return preparer fraud followed...
IRS To Florida Taxpayers: Apply For PIN
Aiming to thwart rampant fraud, the IRS is urging Florida taxpayers to apply for PINs that will stop scammers from claiming phony refunds. The IRS program lets taxpayers who filed returns last year from Florida, Georgia or the District of...
IRS Offers Identity Theft Protection, Sort Of
If you are worried about tax-related identity theft, and you should be, you might want to think about getting an Identity Protection Personal Identification Number (IP PIN) from the IRS. The six-digit number, once it is assigned, must be used...
Retirement: 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...