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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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U.S. Regulators Fail ‘Living Wills’ at Five of Eight Big Banks
U.S. regulators gave a failing grade to five big banks on Wednesday, including JPMorgan Chase & Co (JPM.N) and Wells Fargo & Co (WFC.N), on their plans for a bankruptcy that would not rely on taxpayer money, giving them until Oct. 1 to make...
DOL Overtime Rule Changes: 8 Key Questions
Later this summer, the US Department of Labor is expected to release its much-anticipated final rule that will raise the white collar overtime exemption threshold under the Fair Labor Standards Act (FLSA).
Thank You to Our Volunteers
FICPA is grateful to our volunteers. Their gifts of time and expertise better the CPA profession here in Florida and across the nation. We invite all FICPA members to volunteer. There are many opportunities to serve. FICPA committee service...
Inspections Show High Compliance with PCAOB Audit Committee Communication Rules
More than nine of 10 audits inspected in 2014 showed no failure to comply with the PCAOB’s recently issued standard on communications with audit committees, according to a report released Tuesday.
Stricter Rules Unveiled for Brokers Giving Retirement Advice
The Obama administration is unveiling rules that will require that brokers who recommend investments for retirement savers meet the stricter standard that now applies to investment advisers: They must act as "fiduciaries" — trustees legally...
Inside the Scary World of Big-Time Tax Refund Scammers
The three gunmen pulled up around 4 a.m. on May 24, 2013. They jumped the fence for a generic South Florida gated neighborhood and then used a brick to break a rear window of the house they hoped to rob.
U.S. Judge OKs $20B Settlement from 2010 BP Oil Spill
A federal judge in New Orleans granted final approval Monday to an estimated $20 billion settlement over the 2010 BP oil spill in the Gulf of Mexico, resolving years of litigation over the worst offshore spill in the nation's history.
What Will Be Tested on the Next CPA Exam
As the business environment has changed, a shift has occurred in the type of work newly licensed CPAs perform. Technical proficiency of accounting, auditing, and tax concepts remains important. Following the AICPA Examinations team’s most recent...
A&A Requirements Survey
Please Take the FICPA Survey The FICPA Board of Governors recently discussed an FICPA chapter recommendation that the FICPA pursue a statutory change allowing an alternative to the minimum requirement for 20 hours of Accounting and Auditing (A&A)...
U.S. Urges Final Approval of $20 Billion BP Oil Spill Pact
Federal lawyers on Tuesday formally asked a judge in New Orleans to approve a record-breaking $20 billion-plus settlement agreement announced last July by the Department of Justice and five Gulf Coast states to resolve years of legal fighting...
AICPA, State Societies Call for H&R Block to Pull Ads
Perhaps you’ve seen or heard the recently launched H&R Block video and radio spots, which misrepresent the CPA profession and mislead the public about the expertise, experience and practice standards of CPA tax practitioners. In response,...
Whistle a Different Tune
An experiment suggests that too vigorously stating whistleblower protections to employees can backfire.
AICPA and H&R Block Feud Over Ad Campaign
The American Institute of CPAs is crying foul over an ad by H&R Block suggesting that many CPAs don’t know how to prepare tax returns, but Block is promising to increase its competition with CPAs.
The New R&D Tax Credit: A Game-Changer for Manufacturers
At the end of last year, Congress did U.S. manufacturers a major favor. Now, it is up to those manufacturers to follow through on their good work.
IRS Suspends Insecure ‘Get IP PIN’ Feature
Citing ongoing security concerns, the Internal Revenue Service (IRS) has suspended a service offered via its Web site that allowed taxpayers to retrieve so-called IP Protection PINs (IP PINs), codes that the IRS has mailed to some 2.7 million...
Massive IRS Data Breach Much Bigger Than First Thought
A massive data breach at the IRS was much bigger than was first realized. The agency now says more than 700,000 social security numbers and other sensitive information may have been stolen.
How to Handle New 'Affordable Care Act' Reporting Requirements
When it comes to the "Affordable Care Act" (ACA), there are three major impacts on businesses: Complexity, compliance and costs. As tax season arrives, the complexity and compliance aspects of the law have surprised many business...
Late Arrival of BP Funds May Wreak Havoc on Northwest Florida's Share
The money BP owes the state of Florida for damages caused by its 2010 oil spill may not arrive by March as anticipated. This has the potential to wreak some havoc in Tallahassee, where Northwest Florida’s badly outnumbered legislative delegation...
What CPAs Should Know about Healthcare Reimbursement
CPAs and tax professionals are being asked to explain intricate health insurance markets and regulations and make decisions about what is best financially for small businesses and individual taxpayers.
FICPA President/CEO Featured Guest in Podcast
FICPA President/CEO Deborah Curry, CPA, CGMA is the featured guest on The Rotunda with Trimmel Gomes , a weekly podcast focusing on the people and stories shaping Florida politics. Choosing a certified public accountant is the first topic,...
The IRS is Accepting E-Files Again
The IRS says it has resolved a computer system outage, which it blamed on 'hardware failure.'
U.S. private employers step up hiring; productivity revised up
U.S. private employers boosted hiring in November, signaling job growth is likely strong enough to support the first Federal Reserve interest rate hike in nearly a decade when policymakers meet later this month. The ADP National Employment...
Florida projected to gain a congressional seat but…
WASHINGTON — Florida is slated to gain another congressional seat when the next reapportionment happens around 2020. And that’s bad news. Yes, it would elevate the already formidable political clout of the third-largest state. But...
Suit challenges ‘core’ of Florida’s workers comp system
The latest workers compensation case accepted by the Florida Supreme Court may pose the biggest challenge yet to the state's exclusive remedy provision.
Legislation Filed to Regulate Daily Fantasy Sports Websites
State Sen. Joe Negron and Rep. Matt Gaetz filed new draft legislation Tuesday that would put restrictions on daily fantasy sports websites such as DraftKings, FanDuel, and others operating in the state.
Export-Import Bank Renewal is Included in House-Approved Transportation Bill
In adopting a six-year transportation bill to fund highway and transit projects Thursday, the House also approved the revival of the Export-Import Bank, which has been idle since its charter expired in June.
Sales tax on flowers goes to Florida Supreme Court
State Supreme Court justices Thursday questioned attorneys in a battle about whether Florida should collect sales taxes on flowers ordered online and delivered in other states.
Proposal Would Create New Status For Retired CPAs
A new, uniform “Retired-CPA” status would be created under a proposal issued this week by the boards of directors of the AICPA and the National Association of State Boards of Accountancy (NASBA). - See more at:...
Federal Tax Implications For Same-sex Spouses
Same-sex marriages are now recognized for federal tax purposes. United States v. Windsor, is an important court case. The Supreme Court changed federal laws interpreting the meaning of "marriage" and "spouse" to a to include same-sex couples.
Fla. Sales Tax Holiday Is Aug. 7-16
School starts Aug.10 in Jackson County, but last-minute shoppers (and retailers) are in luck this year. Florida’s extended back-to-school sales tax holiday will kick off Friday, Aug. 7 and continue through the first week of classes, ending...
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...
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...
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...