NewsFlash Oct. 20, 2016

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The Latest: Hurricane Tax and Other Reliefs

Many FICPA members worked tirelessly toward the Oct. 17 tax filing deadline while hoping for tax filing extension relief from the IRS. This week the IRS and FEMA announced the following relief measures for portions of Florida.

Oct. 17 – FEMA DESIGNATES FOUR FLORIDA COUNTIES FOR INDIVIDUAL HURRICANE MATTHEW ASSISTANCE FEMA announces disaster assistance for uninsured and underinsured damages available now to residents of Flagler, Putnam, St. Johns and Volusia counties. View DR-4283-FL NR 005

Oct. 17 – IRS GIVES EXPANDED TAX RELIEF TO 8 FLORIDA COUNTIES AND PARTS OF OTHER STATES. VICTIMS OF HURRICANE MATTHEW HAVE UNTIL MARCH 15 TO FILE The Florida counties covered include residents of Brevard, Duval, Flagler, Indian River, Nassau, St. Johns, St. Lucie and Volusia. View IR-2016-135

The IRS and FEMA also announced the following relief to Florida counties affected by Hurricane Hermine:

Oct. 1 – FEMA PUBLIC ASSISTANCE EXTENDED IN EIGHT FLORIDA COUNTIES HIT BY HERMINE Federal disaster aid extended to Alachua, Baker, Gilchrist, Manatee, Marion, Sarasota, Sumter and Union Counties. View NR-002

Sept. 29 – IRS Grants Tax Relief for Hurricane Hermine Victims in Eight Florida Counties
Following FEMA’s disaster declaration for individual assistance, the IRS announces tax relief for affected taxpayers in Citrus, Dixie, Hernando, Hillsborough, Leon, Levy, Pasco and Pinellas counties. View FL-2016-19

View DR-4280

The FICPA continues stand with its members and to provide timely updates of relief measures. Access our complete coverage and the latest storm-related updates by visiting Members also can follow us on social media and join the discussions on Federal Taxation, State Tax or other Connect community groups. Learn more here.

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Florida TaxWatch Publishes Voter Guide for Constitutional Amendments on November Ballot

Florida TaxWatch, a nonpartisan, nonprofit taxpayer research institute and government watchdog, has released its 2016 Voter Guide. It features an in-depth analysis of the constitutional amendments on the November ballot to help voters better understand the language and make an informed decision on Election Day.

To view the guide, click here.

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Could You Pass the CPA Exam Today?
New sample test now available

Whether you are or aspire to be a CPA, you probably have heard the exam is changing. On April 1, 2017 the AICPA is launching the next version of the Uniform CPA Examination, an assessment steeped in research and rigor that remains aligned with professional practice.

Structured by the four sections of Auditing and Attestation (AUD), Business Environment and Concepts (BEC), Financial Accounting and Reporting (FAR) and Regulation (REG), the next Exam is a 16-hour test designed for a greater assessment of a candidate’s higher-order cognitive skills such as critical thinking and analytical ability. The next Exam presents candidates with a variety of multiple-choice questions, task-based simulations (TBSs) and written responses (BEC only) at varying skill levels.

Now you can try out a sample test. The sample test is compatible with MACs and PCs, and runs on most major web browsers. You don’t need to register. Simply click here to try the beta version of the Sample Tests, which requires no installation on your computer.

Learn more about the new Uniform CPA Examination here.

Click here for more information about free FICPA student memberships and resources for college students interested in an accounting education and careers.

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FICPA Horizon Awards: Highlighting Tomorrow's Leaders
Accepting nominations Oct. 17-Nov. 30, 2016

The FICPA now is accepting nominations for the Horizon Awards, formerly known as the 26 Under 36. The Horizon Awards will be awarded to CPAs who are accelerating the profession through their professional experience, leadership and charitable involvement.

Nominees must be FICPA members in good standing who are younger than 36 as of March 1, 2017. Award winners will be featured in the March/April 2017 issue of the Florida CPA Today magazine.

Here’s your chance to recognize a young CPA who’s making a notable difference in your company, chapter, committee and community. Nominate someone by Nov. 30!

For more information contact Angie Brooke, emerging professionals senior manager, at or (800) 342-3197, Ext. 300.

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FICPA Members Receive Clay Ford Scholarship

The Florida Department of Business and Professional Regulation, Division of Certified Public Accounting recently awarded the Clay Ford Minority Scholarship to 39 fifth-year minority accounting students from 10 Florida universities. The recipients include one FICPA member, 23 FICPA student members, and one FICPA associate member. Recipients will receive $3,000 to $6,000 per semester for a maximum of two semesters.

Since 1999, the Clay Ford Scholarship has encouraged students enrolled in accounting programs at colleges and universities to remain in school for the fifth year so they can obtain a CPA license from DBPR. Applications for the Clay Ford Minority Scholarship are accepted each year on a rolling basis. The application deadline for the 2017-2018 school year is June 1, 2017.

For information about eligibility requirements and the application process, click here.

The FICPA congratulates these recipients:

FICPA Member
Amit A. Patel

FICPA Associate Member
Nicole Corrales

FICPA Student Members
Bianca Jennifer B. Almero
Danielle K. Andrade
Ana M. Barranco
Paola A. Barrera
Graceann R. Byrd
Anthony S. Caceres
Ernesto Cejas
Kelly A. Chen
Kenia R. Crevoisier
Nancy C. Espejo
Tovina B. Gilpin
Angelica N. Hyde
Rebecca M. Lopez
Tin D. Nguyen
Sara M. Placid
Kari D. Pritchard
Apollo Ruiz Del Sol
Paula N. Lopez Ramirez
Pamella A. Rupnaraine
Bernadette Salzano
Sierra C. Spencer
Suzanne V. Trick
Andrew S. Wilson

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Florida CPA Today Wins FMA Awards

Florida CPA Today (FCT) recently received two bronze awards in the Florida Magazine Association’s prestigious Charlie Awards competition. FCT was honored in the category of Best Service Feature for Editorial Committee member Michael Kridel’s cover story, “Bitcoin Transactions: Cryptocurrency Trickles Into the Mainstream,” which appeared in the November/December 2015 issue; and in the category of Best Single Cover Photograph for the July/August 2015 cover featuring FICPA Past Board Chair Mia Thomas. The FICPA thanks and congratulates everyone who was involved in the production of these winning pieces.

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Florida Gulf Coast University Accounting & Tax Conference (16 CPE)
Oct. 27-28, 2016
Ft. Myers

Next week’s 16-hour CPE conference brings speakers known throughout the state to your neck of the woods for two full days of education and networking. And if you need to fulfill your ethics credit requirement, knock it out by adding our four-hour, pre-conference session on Wednesday, Oct. 26 (separate registration required).

The Florida Gulf Coast University Accounting & Tax Conference features a FASB Update from Michael Cheng plus the SSARS Update from Pat Patterson, an A&A Update from Gene Ristaino and a review of the ACA’s effects on employers from Kathleen Hargreaves. Learn if a virtual office is right for your practice, see what’s new in Florida Sales Tax and much more.

If you’ve never been to this conference, you still can save 15 percent on your registration by using promo code NEWFGCUAC16 at checkout.  

Register for the Conference | Register for Ethics | Read the Letter from Our Conference Chair | View Agenda | Learn More
Ask Us: Member Service Center (800) 342-3197 | (850) 224-2727 |

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Common Interest Realty Associations Conference (16 CPE)
Nov. 3-4, 2016

Each year, CPAs attend our Common Interest Realty Associations Conference (16 CPE) to learn everything they need to continue providing great service to community clients or attract new business from Florida’s 45,000+ associations. And this year’s event from Nov. 3-4 is no different – wherever you stand, our agenda has you covered.

In this conference, you’ll evaluate key insurance risk areas for CIRA employees, lenders and sub-contractors; discuss peer-review issues related to CIRAs; examine opportunities and threats posed by today’s digital world; and much more. Join highly regarded instructors and your colleagues in Orlando or attend online with the Simulcast.

And there’s still time to save. If you haven’t been to this conference before, you can save 15 percent by using promo code NEWCIRA16 during checkout.* Register now and we’ll see you in two weeks!

Register to Attend in Person | Register to Attend Online | Read the Letter from Our Conference Chair | Learn More
Ask Us: Member Service Center (800) 342-3197 | (850) 224-2727 |

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Master Key MBA Concepts in Hours, Not Years

The FICPA has partnered with The Business Learning Institute to deliver training on essential competencies for the future of your career with this innovative program. It’s designed to teach busy professionals like you key concepts to deal more effectively with today’s rapidly changing and increasingly complex business environment.

MBAexpress provides business savvy in customizable increments with more than 30 on-demand, one-hour learning modules covering business strategy, adding value, leadership strategy, performance management and powerful communication. Choose an individual module or boost your knowledge further with a pre-packaged bundle.

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

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In Memoriam

Edward Benjamin – Sept. 27, 2016           
Donald Davis – Aug. 9, 2016
Richard Faulkner – July 25, 2016
Walter Kessler – Aug. 7, 2016
Council Pickels – Oct. 1, 2016
Daniel Watkins – June 10, 2016 
John Wittler – Sept. 4, 2016 
Charles N. Wolfe – Oct. 1, 2016              

Look for the next issue of FICPA NewsFlash Nov. 3, 2016.

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