Blog

FTC’s Safeguards Rule just got stronger - are you ready?

October 18, 2023

The FTC's amended Safeguards Rule defines a "financial institution" as any business that engages in financial activity, meaning CPA and accounting firms must comply with the new laws.

Coaxis

FICPA Strategic Partners

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Henderson new Deputy Director of Gov. Affairs

October 16, 2023

Alongside CEAO Jason Harrell, Henderson will serve as part of the FICPA’s in-house lobby team and will assist in all aspects of promoting and advancing FICPA’s legislative priorities and further strengthening the Institute’s relationships with legislators and their staff.

FICPA Government Affairs

News Releases

Advocacy Update: Florida's economic outlook

October 13, 2023

Several Committees met Tuesday and Wednesday, and your FICPA Advocacy Team monitored two meetings of interest to the profession – the Senate Committee on Banking and Insurance, and the Senate Appropriations Committee.

FICPA Government Affairs

Legislative Update

AICPA requests IRS plan in case of shutdown

September 28, 2023

The AICPA on Thursday submitted a letter to the Treasury, the IRS and Congress requesting the release of the IRS contingency plan that would go into effect in the event of a government shutdown on Oct. 1.

AICPA

Internal Revenue Service

Members Only

Steube hopes to advance Ian bill by year-end

September 25, 2023

As we’ve covered in previous Advocacy Updates, Rep. Greg Steube (R-Fla.) has introduced legislation in the U.S. House of Representatives to provide income tax relief to Americans recovering from Hurricane Ian. The legislation designates Hurricane Ian as a qualified disaster for purposes...

Advocacy Update: Committee Weeks begin

September 22, 2023

On each Friday of an Interim Committee Week and every Friday during the 2024 Legislative Session, our FICPA Governmental Affairs team will provide legislative briefs focused on our activities at the Florida Capitol in Tallahassee.

Legislative Update

FICPA Government Affairs

Podcast: 'ERC suspended - what happens next?'

September 18, 2023

With the IRS suspending the processing of new ERC claims, the AICPA's Tax Section Odyssey podcast is here to offer guidance on what's already happened and what comes next.

AICPA

IRS orders immediate stop to new ERC processing

September 14, 2023

The Internal Revenue Service on Thursday announced an immediate moratorium through at least the end of the year on processing new Employee Retention Credit claims to protect honest small business owners from scams.

Internal Revenue Service

FinCEN updates FBAR relief notice, adding 3 counties

September 14, 2023

FinCEN on Thursday issued an updated notice, adding three counties - Brevard, Orange and Osceola - to its list of those receiving FBAR filing relief through Feb. 15, 2024.

Idalia Updates

FICPA Government Affairs

FICPA Disaster Resources

BOA votes to approve CPA Exam window of 30 months

September 11, 2023

On Friday, the Florida Board of Accountancy (BOA) approved extending the validity of CPA exam scores from 18 months to 30 months. The rulemaking process will begin now with the goal of an effective date of Jan. 1, 2024.

DOR grants corporate income tax relief

September 8, 2023

The Florida Department of Revenue on Friday announced it has suspended corporate income tax due dates and extension periods for certain taxpayers affected by Hurricane Idalia in parts of Florida.

Florida Department of Revenue

Idalia Updates

FICPA Disaster Resources

Members Only

Advocacy Update: FinCEN, DOR, IRS relief

September 8, 2023

Updated 4 p.m. ET Since Hurricane Idalia hit Florida on Aug. 30, the FICPA has been advocating for its members and their clients, requesting all available relief at the state and federal levels. In the latest edition of Advocacy Update, you'll find breaking news from the Florida Depa...

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