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With July coming to an end and August on approach, Florida's primary election, a new school year and the start of the college football season are all on the horizon.

The IRS has granted tax relief for individuals and businesses in Florida that were affected by severe storms on May 10, 2024. Baker, Columbia, Gadsden, Hamilton, Jefferson, Lafayette, Leon, Liberty, Madison, Santa Rosa, Suwannee, Taylor, and Wakulla counties qualify.

Election season is in full swing, and the FICPA Governmental Affairs Team is counting down the weeks to the Florida Primary Election on Aug. 20. Our next Capitol Connection: Election Edition Livestream is at 10 a.m. on Friday, July 19.

“It is truly an honor to lead this historic institution and to give back to my friends and colleagues across the state,” Duarte said. “The CPA profession is at inflection point, and I am proud to serve our membership at this unique and impactful moment."

The FICPA Governmental Affairs Team is happy to welcome you back to the Legislative Update. After a short hiatus, the team returns to our regular bi-weekly update. We would like to say THANK YOU to all of those who joined us at Sapphire Falls Resort for MEGA 2024.

Florida Gov. Ron DeSantis on Wednesday signed HB 5001 – General Appropriation Act, commonly referred to as the state budget, for fiscal year 2024-25.

Key O'Keefe, Shelly Weir and Ed Duarte offer this in-depth look at the FICPA's victories over the last 12 months in our ongoing mission to protect and promote the CPA profession.

We are pleased to report that the Florida Board of Accountancy (BOA) this week officially began the rulemaking process for the FICPA’s priority bill, HB 813 by Rep. Mike Caruso, creating a retired CPA status in statue.

This past Saturday, FICPA members came together to take part in 13 different projects across Florida. Click here for a quick look at each project and a list of volunteers.

Some legislative activities took a bit of a back seat this week as strong storms and several tornados did significant damage to Tallahassee and the surrounding areas, shifting the focus to storm recovery.

HR 5863 by Congressman Greg Stuebe (R-FL) provides key disaster relief to individuals impacted by Hurricane Ian. The bill resolves issues around tax rules relating to personal losses during declared disasters.

Counties included in the executive order are: Baker, Columbia, Gadsden, Hamilton, Jefferson, Lafayette, Leon, Liberty, Madison, Suwannee, Taylor, and Wakulla counties.