NewsFlash Nov. 17, 2016

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Advance Monthly Payments of Health Coverage Tax Credit
Registration Open for 2017
IRS Newswire

The IRS has opened the new registration and enrollment process for qualified taxpayers to receive the benefit of the Health Coverage Tax Credit (HCTC) on an advance monthly basis during 2017.

Eligible taxpayers can have 72.5 percent of their qualified health insurance premiums paid in advance directly to their health-plan administrator each month. Each payment made on their behalf to the health plan administrator lowers their out-of-pocket premium costs.

Taxpayers may be eligible to elect the HCTC only if they are one of the following:

  • An eligible trade adjustment assistance (TAA) recipient, alternative TAA recipient or reemployment TAA recipient
  • An eligible Pension Benefit Guaranty Corporation (PBGC) payee
  • The family member of an eligible TAA, ATAA, or RTAA recipient or PBGC payee who is deceased or who finalized a divorce with them

Taxpayers now can begin the process of registering with the IRS and providing required information to participate in the 2017 Advance Monthly Payment program for the HCTC. This includes completing and mailing Form 13441-A, HCTC Monthly Registration and Update, with all required supporting documents to the IRS. 

When the registration is complete and taxpayers are enrolled in the Advanced Monthly Payment HCTC program, they must pay 27.5 percent of their health insurance premiums in advance to the HCTC program. Payments are due by the tenth day of each month and must be made through the U.S. Bank Lockbox system. The HCTC program then adds the 72.5 percent advance portion of the HCTC and sends the full payment to the health plan or third-party administrator each month.

For more information, including helpful questions and answers, visit

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Helping You Find Your Way
CPA Insurance Marketplace Open Enrollment



Shop for your health insurance plan through the CPA Insurance Marketplace! The FICPA designed this member benefit for you, your staff and dependents to compare and purchase products from leading insurance providers. The marketplace is available to individuals or employer groups and offers a variety of insurance products.

If you or your staff can’t decide what coverage is best, take advantage of the interactive decision-support tools or the live chat feature. For a more personalized approach, a licensed Benefits Counselor is just a phone call away.

Important Dates*:

  • Nov. 1, 2016: 2017 Open enrollment begins
  • Dec. 15, 2016: Enroll by this date for coverage that starts Jan. 1, 2017
  • Jan. 1, 2017: First available effective date for 2017
  • Jan. 31, 2017: 2017 Open enrollment ends

Start shopping for Health Insurance now at the link below or call (800) 282-8626. The CPA Insurance Marketplace is administered by Member Benefits Inc.

Visit the CPA Insurance Marketplace

*Dates are subject to change.

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Adding Advisory Services
Credentialing is Important Step



Are you considering an advisory service practice? Many financial professionals are, to meet the growing demand of specialized services in the areas of business valuation; financial forensics; personal financial planning; and information management and technology assurance. One of the first steps is to develop a solid business plan. And just as important, obtain a credential in your advisory area. The AICPA offers four credentials – Accredited in Business Valuation (ABV®), Certified in Financial Forensics (CFF®), Certified Information Technology Professional (CITP®) and Personal Financial Specialist (PFS™) – that can start you on the path to adding an advisory service. Take the first step at

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Five Essential Controls for Charities During the Holiday Giving Season

Around the holidays, charitable donations normally increase, but so does fraud. FICPA members working with and for not-for-profit organizations may be interested in this AICPA Insights blog post, which outlines steps not-for-profits can take to protect themselves and ensure the contributions they receive this holiday season end up supporting programs and not lining the pockets of fraudsters.

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Go ahead. Be more accountable with UPS

As an FICPA member you can take advantage of special, members-only pricing offered by UPS*. Not only do you get excellent value through member discounts, UPS offers a range of professional-services expertise and technology solutions to streamline and simplify your shipping.

These services and discounts are available to new and current UPS customers. To enroll, visit or call (800)-MEMBERS (636-2377) Monday through Friday, 8 a.m.-6 p.m.

*Visit for specific services and discounts.

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It’s Coming!

FICPA membership is half off starting Dec. 1! It’s a great time to add newly hired staff as members and start their year off right. Also, newly certified receive an additional half off.

For more information contact our Member Service Center at (800) 224-2727, Ext. 1, or

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Video Shares AICPA Chair’s Outlook on Life, Learning and the Profession

The Maryland Society of CPAs (MACPA) recently produced an inspiring video about MACPA member and AICPA 2016-17 Chair Kimberly Ellison-Taylor. The intimate profile features Ellison-Taylor’s family, friends and colleagues as they discuss her aspirations, volunteer efforts and love of the CPA profession.

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Cybersecurity Risk Management Criteria Available for Comment

To help organizations of all sizes report on their cybersecurity risk management programs, the AICPA's Assurance Services Executive Committee has released two sets of criteria for public comment: description criteria and control criteria. Related attestation examination guidance will be released in 2017.

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Get Involved in Giving
Amazon Smile and Giving Tuesday Make It Easy!



We all love shopping online on Amazon. While you're there, you can contribute to scholarships for Florida’s deserving accounting students through the FICPA Educational Foundation by using AmazonSmile.

AmazonSmile is the same Amazon you know – the same products, prices and service – and participating is at no cost to you. Here's how it works:

  • Click here to visit the FICPA Educational Foundation's AmazonSmile webpage.
  • Log in to your personal Amazon account.
  • Make sure the FICPA Educational Foundation is your charity of choice. If you already have a charity of choice, you’ll be prompted to switch. If you don’t want to switch immediately, you can search for “Florida Institute of CPAs Educational Foundation” to make the switch any time.
  • Start shopping! The AmazonSmile Foundation will donate 0.5% of the price of eligible purchases to the FICPA Educational Foundation (if selected as your charity of choice).

Make sure you're on AmazonSmile rather than the regular Amazon website (you'll see at the beginning of your browser's address bar) so your purchases benefit the Educational Foundation. Click here to learn more and see detailed instructions.

If your online shopping is already done, #GivingTuesday is Tuesday, Nov. 29, 2016! It's your chance to make this day of generosity about giving back to the CPA profession and strengthening its future. It’s a perfect opportunity to consider becoming an Annual Member of the FICPA Educational Foundation with a $50 gift to support our general scholarship fund. Contributions such as this have helped provide $110,000 to 55 Florida accounting students in 2016!

There are numerous ways to give, support and provide scholarship funds to other deserving students. Don't delay – donate online today or contact Jason Zaborske to learn more about the Foundation and how you can contribute.

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Tips for Success with Single Audits

Single audits were challenging even before the new Office of Management and Budget Uniform Guidance regulations took effect. FICPA members who perform compliance audits of governments, not-for-profit organizations, institutions of higher education and Indian tribes expending federal funding may be interested in this Journal of Accountancy article sharing best practices for achieving high-quality results in these highly specialized engagements.

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Don’t Miss Our Black Friday and Cyber Monday CPE Sales



Black Friday savings last longer at the FICPA, and you won’t have to deal with the madness. Celebrate the season by saving 15 percent on all CPE seminars purchased now through Dec. 3, 2016.

Claiming these savings is easy! Visit our website, choose your courses from our variety of hot topics and enter discount code BLKFRI16 during checkout to save 15 percent on seminars throughout Florida. Or call us and mention this sale – we’ll be happy to help you take advantage of this limited-time offer.*

Coming soon! From Nov. 28-Dec. 3, 2016, you’ll have the opportunity to save 15 percent on all of our CPE webcasts and webinars for the Cyber Monday Sale. Check back soon for the course list and promo code.

See the Seminars on Sale

Ask Us: Member Service Center (800) 342-3197 | (850) 224-2727 |
*Promo code offer valid for seminars only and cannot be combined with other offers or applied to prior purchases/registrations. Offer valid only on purchases made between 12 a.m., Oct. 31, 2016, to 11:59 p.m., Dec. 3, 2016, of seminars scheduled through Jan. 31, 2017.

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Nominate Now for the Horizon Awards



Help us see who’s on the horizon. We created the Horizon Awards to recognize the brightest up-and-coming accounting professionals. Through service to our organization and their own, these young CPAs are advancing our industry and working to better their communities.

It’s time to get started on your entries! The last day to submit nominations is Wednesday, Nov. 30, 2016. Anyone can nominate FICPA members for this honor, and there’s no limit on the number of nominations you can submit. You can even nominate yourself.

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

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The Anticipatory Organization Model



The FICPA has partnered with the Business Learning Institute to bring you The Anticipatory Organization model, a powerful online learning system for leaders, emerging leaders, managers, planners and sales teams. You can use this model to:

  • Know What's Next

Hard trends are certainties. They’ll happen, regardless of your actions. Soft trends might happen – and you can influence them. An organization that can identify certainties and future disruptions will be better poised for success.

  • Develop Opportunities

Every hard trend provides an opportunity. The question is whether you'll be there to capitalize on it. The Anticipatory Organization model helps you pre-solve predictable problems to identify and act on game-changing opportunities.

  • Shape the Future

Your view of the future shapes the decisions you make today. And the decisions you make will shape your future. This is your FUTUREVIEW®, and it’s a powerful force in shaping the future of organizations and individuals. The Anticipatory Organization model reveals the power of your FUTUREVIEW® and teaches you to use hard trends to elevate your plans and realize the business you envision.

  • Accelerate Success

When your entire team shares a common FUTUREVIEW® that's based around the certainty of hard trends, it drives your organization's strategic velocity and accelerates success.

Learn the skill of anticipation. Read more about the program and register today.

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

Look for the next issue of FICPA NewsFlash Dec. 1, 2016.

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