Top Stories

Printer Friendly
Text Size: A A A A

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.

RSS Feed

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...
Accounting Today Announces Top 100 Firms
Accounting Today recently announced its Top 100 Firms. The top firms in the Gulf Coast region (Alabama, Florida, Louisiana and Mississippi) – with a total revenue of $816.56 million and an average firm growth of 5.8% – were: Carr,...
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...