NewsFlash Feb. 20, 2014

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Know Your Deadlines for the CPA Insurance Marketplace

The CPA Insurance Marketplace is the latest FICPA benefit that's saving our members time and headaches while shopping for and managing insurance. Enrollment is open now!

Make note of these important private-exchange application deadlines to secure your desired coverage effective date.

Application Completion Deadline

Desired Coverage-effective Date

Dec. 19, 2013

Jan. 1, 2014

Jan. 15, 2014

Feb. 1, 2014

Feb. 15, 2014

March 1, 2014

March 15, 2014

April 1, 2014

March 31, 2014

May 1, 2014

The CPA Insurance Marketplace is available to sole practitioners, individuals and employees of members. Employers can set up defined contribution strategies, allow employees to shop for their own benefits and make one consolidated payment each month.

Enroll now at the link below or visit our CPA Insurance Marketplace FAQ page to learn more. Welcome to Insurance Choices Made Easy!

Enroll Now | Download Flyer | FAQ
Ask Us: Member Service Center (800) 342-3197 | (850) 224-2727 |

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You're the Director – Who's the Star?
Call for Nominations

We need star CPAs for the FICPA Annual Awards production at Mega CPE Conference 2014! We invite you to nominate candidates for the annual Outstanding CPA in Business & Industry, Outstanding CPA in Government, Outstanding CPA in Public Service and Outstanding Educator awards.

All nominees must be FICPA members. Candidates for the Business & Industry, Government and Public Service awards also must be voting members of the FICPA.

The deadline for nominations for all four awards is April 4, 2014.

Outstanding CPA Award applications and supporting materials should be sent to LeAnne Spell, Florida Institute of CPAs, P.O. Box 5437, Tallahassee, FL 32314; faxed to (850) 222-5137; emailed to; or submitted online at the link below.

Outstanding Educator Award applications and supporting materials should be sent to Betsy Wilson, Florida Institute of CPAs, P.O. Box 5437, Tallahassee, FL 32314; emailed to as a single PDF; or submitted online at the link below.

Nominate for FICPA Annual Awards/Download Applications | View Past Award Recipients | Mega CPE Conference
Ask Us: Member Service Center (800) 342-3197 | (850) 224-2727 |

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Bring Out the Leader in You
Sign Up for an FICPA Committee

Apply by Friday, April 25, 2014

FICPA committees provide an excellent opportunity to network with your peers from throughout Florida and play an influential role in shaping the future of your profession.

Committee membership is open to regular members; non-resident members; accounting educator members; associate members; retired members; and lifetime members of the FICPA. Most committees plan and implement at least one project or program annually, and many offer the opportunity to participate in specific-interest subcommittees.

It’s now easier for committees to connect, communicate and collaborate through FICPA Connect. Log in to FICPA’s newest online community to participate in committee groups, chapter groups, forums and much more with the link below.

On July 1, 2014, responsibilities of the Section Steering Committees and Resource Councils will transfer to committees. Click the link below to learn how you can apply.

Apply for a Committee | View the Committee Volunteer Guide | Visit FICPA Connect | Section Members: Find Your New Committee
Ask Us: Member Service Center (800) 342-3197 | (850) 224-2727 |

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FICPA Congratulates Connect Contest Winner!

Congratulations to Rose Jenkins of Peck Jenkins Kershner CPAs, PA, winner of the FICPA Connect Profile Picture Update Contest!

FICPA Connect is our new social platform dedicated to Florida’s CPAs. It is an easy and powerful way to network and to discuss important issues with other Florida CPAs.

“FICPA Connect keeps me in touch with other CPAs outside the confines of my own office,” Jenkins said. “I am constantly impressed by the participants’ knowledge, and I’m very grateful for their generosity with their time. Not a day goes by that I don't learn from my fellow members.”

Thanks to everyone who entered and updated their profile. If you haven’t logged in to FICPA Connect, take a minute to update your profile, add a photo or extend your congratulations to Rose.

Log In to FICPA Connect | More Information
Ask Us: Member Service Center (800) 342-3197 | (850) 224-2727 |

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Join the FICPA's 2014 Mentoring Program
Share. Learn. Grow. Mentor.

The FICPA’s Women in Leadership Committee is happy to announce a program that will begin in June 2014. Mentoring is a Give and Grow opportunity with the goal of providing a rich and rewarding experience for both parties. Sharing knowledge, expertise and insight helps create more motivated and accomplished professionals. Mentors are a powerful force for developing colleagues and associates within an organization or community.

If you want more information or are interested in participating, visit our website or sign up online. The deadline to sign up for the upcoming program is May 15, 2014. Matches will be announced in June at the 2014 Mega Conference. Matches are not dependent on attendance to the conference. Participants are invited to attend a Mentor/Protégé Meet and Greet.

Questions or more information: Debra Kelly, Member Connections Manager | (800) 342-3197, Ext. 431 | (850) 224-2727, Ext. 431 |

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You Appreciate Golf – Students Appreciate Your Support

The weather is warming up – what better way to enjoy the beautiful weather than going to a professional golf tournament?

The Cadillac Championship, March 5-9 in Doral, gives you the chance to enjoy the South Florida sunshine, observe golf at its finest and support the FICPA Education Foundation Scholarship Fund.

To raise funds for accounting students, simply buy discounted tickets to the 2014 World Golf Championship – Cadillac Championship through TICKETS Fore CHARITY!

March 5 is approaching fast – visit the TICKETS Fore CHARITY website and use the promo code "CADDIE14" to receive your tickets at a discounted price and raise funds for the FICPA Educational Foundation.

Questions: Jason Zaborske, FICPA Educational Foundation Development Director | (800) 342-3197, Ext. 417 | (850) 224-2727 Ext. 417 | (850) 251-7274 |

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Court Affirms Decision Striking Down Tax Return Preparer Regs

The IRS’s attempt to regulate unenrolled tax return preparers was dealt another blow recently as the D.C. Circuit Court of Appeals held that the agency exceeded its statutory authority when it issued regulations imposing various requirements on tax return preparers (Loving, No. 13-5061 (D.C. Cir. 2/11/14), aff’g No. 1:12-cv-00385 (D.D.C. 1/18/13)). In the decision, the appeals court held that Section 330, which authorizes the IRS “to regulate the practice of representatives of persons before the Department of the Treasury” does not permit the IRS to impose its rules on the estimated 600,000 to 700,000 unenrolled tax return preparers or allow it to require them to pass a certification test, pay a fee and take continuing-education courses.

The lawsuit was brought by three unenrolled tax return preparers, who argued that the IRS has no authority to regulate the preparation of tax returns. The IRS issued final regulations in 2011 (T.D. 9527) making unenrolled return preparers (i.e., return preparers who are not CPAs, attorneys, or enrolled agents) subject to Circular 230, Regulations Governing Practice Before the Internal Revenue Service (31 C.F.R. Part 10), for the first time and requiring them to pass a qualifying exam, pay an annual fee and take 15 hours of continuing-education courses each year. The IRS based its authority to regulate tax return preparers on 31 U.S.C. Section 330, which allows the IRS to regulate “representatives” who “practice” before it.

The plaintiffs sued in the federal district court for the District of Columbia, which held that the IRS’ registered tax return preparer program exceeds its authority under Section 330 and enjoined it from enforcing the regulations. The IRS appealed, and the D.C. Circuit court affirmed the lower court decision.

Read the entire Journal of article here

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CPAs in Industry Conference
March 20-21, 2014
Tampa and Ft. Lauderdale

The CPAs in Industry Conference offers you the CPE you need. Join us in Tampa or Ft. Lauderdale March 20-21 and elevate your career with 17 hours of high-quality CPE. Stay on top of late-breaking developments presented by some of the most influential people in accountancy.

This dynamic conference is the perfect event to support your varied needs. No matter what your specialty is, we have the sessions to meet your requirements.

Take a look at these great sessions:

  • Healthcare Affordable Care Act/Benefits Plans (PPACA) (2 TB)
  • Hot HR and Compensation Topics (1 TB)
  • New Internal Control Integrated Framework from COSO and an Enterprise Risk Management Program That Works for Small to Medium Size Businesses (1 AA)
  • Federal Tax update (1 TB)

Register today and save up to $55.

Register Now Tampa | Register Now Fort Lauderdale | View Brochure | More Information
Ask Us: Member Service Center (800) 342-3197 | (850) 224-2727 |

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Florida State University Spring Accounting Conference
May 15-16, 2014

Less is more! Join us at the Florida State University Spring Accounting Conference May 15-16 in Tallahassee. FSU Spring offers Panhandle CPAs more of the things you need – convenience, flexibility and opportunity – for less money and hassle. You’ll experience informative presentations from leading innovators in accountancy and earn up to 17 hours of high-quality CPE at the prestigious and convenient University Center Club.

Learn from the head-honcho! The FICPA is committed to providing high-quality CPE presented by talented and influential speakers such as instructor David Vaudt, chairman of the Governmental Accounting Standards Board. Vaudt will present his views on GASB’s activities designed to improve accounting and financial reporting for U.S. state and local governments and discuss their impact on CPAs. Receive the most up-to-date information about GASB’s current technical agenda, the Board’s pre-agenda research activities, recent statements and proposals, as well as the pension standards issued in 2012 and post-employment benefits. Look for the GASB Update (2 AA) during the Friday, May 16 afternoon session.

Plus, more great topics to choose from:

  • What’s So Special About Special Needs Trusts? (1 AA)
  • An Update on the Uniform CPA Examination (1 AA)
  • FWC Fraud Case Study (2 AA)
  • Lunch Presentation: Legislative Update and How a Bill Becomes Law (1 TB) presented by Rivers H. Buford, III, Director of Governmental Affairs, FICPA

Reserve your seat before May 5 to save with the Early Bird Price. Register today!

Register Now | More Information
Ask Us: Member Service Center (800) 342-3197 | (850) 224-2727 |

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Emerald Coast CPE Retreat
June 27, 2014
Panama City

Whether you’re planning a getaway to the beach or just saving the drive with CPE close to home, the Emerald Coast CPE Retreat is your chance to relax and learn.

The Emerald Coast CPE Retreat, our newest event, is a collaboration between the FICPA and the Alabama Society of CPAs. Earn up to eight credit hours and network with CPAs from Florida and Alabama, all while taking in a majestic view of the world-renowned sugar sands and glistening waves. Whether you’re planning a getaway to the beach this summer or are a Florida local, the Emerald Coast CPE Retreat is your chance to relax and learn in style.

Take a look at these great sessions:

  • What’s Going on with the Standard Setters?
  • Federal Tax Litigation
  • Compilation and Review Standards
  • Special Needs Trusts
  • Emerging Federal Tax Update
  • Documentation Standards
  • The Anatomy of Fraud

Don’t miss your chance to attend this truly unique event. Register today!

Register Today | More Information
Ask Us: Member Service Center (800) 342-3197 | (850) 224-2727 |

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Tech Tip
How well do you know QuickBooks?

Take this test and find out now.

  1. What are the maximum number of concurrent users supported by QuickBooks Premier and QuickBooks Enterprise?
  2. Does QuickBooks include a Fixed Asset Depreciation solution?
  3. Can the QuickBooks audit trail be toggled on and off?
  4. Is it possible to display QuickBooks financial reports in side-by-side monthly columns?
  5. What is the keyboard shortcut for displaying the Check Writing window?


  1. Five and 30, respectively.
  2. Yes, for more than a decade the Accountant’s Edition has included a Fixed Assets solution.
  3. No, since 2006 the audit trail remains permanently enabled.
  4. Yes, from the financial statements menu, select the Columns tool, then select Month.
  5. Ctrl + W.

How did you do? To learn more about technology, the FICPA invites you to attend a technology course, conference or webinar; or get involved in the Business Technology Section and FICPA Connect. Why not sign up today?

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In Memoriam
William Herdman - 01/09/2014

Look for the next issue of FICPA NewsFlash March 6, 2014.

Comments or Suggestions?

We are interested in your comments or suggestions. Please email

LAST UPDATED 2/20/2014