Latest News
News: FloridaCommerce activates Business Damage Assessment Survey to measure impact of damage caused by Hurricane Helene
September 27, 2024
FloridaCommerce and the State Emergency Response Team (SERT) on Friday activated the Business Damage Assessment Survey in response to Hurricane Helene. Business owners can self-report physical and economic damage caused by Hurricane Helene. Survey responses will allow the state to expedite Hurricane Helene recovery efforts by gathering data and assessing the needs of impacted businesses.
News: Gov. Ron DeSantis issues state of emergency for 61 counties
September 24, 2024
With Potential Tropical Cyclone Nine currently forecast to hit Florida as a major hurricane, Gov. Ron DeSantis on Tuesday morning updated his executive order to expand the number of counties under a state of emergency to 61.
News: President Biden approves Florida emergency declaration ahead of Tropical Storm Helene
September 24, 2024
President Joe Biden on Tuesday declared that an emergency exists in the state of Florida and ordered federal assistance to supplement state, tribal, and local response efforts due to the emergency conditions resulting from Tropical Storm Helene beginning on Sept. 23, 2024, and continuing.
Blog: A CAS professional’s guide to addressing broken bank feeds - tips and techniques
September 13, 2024
This guide from FICPA partner Fyle explores common causes for broken bank feeds, practical solutions, and advanced techniques to keep your accounting workflows smooth and efficient.
Legislative Update: Florida primary report
Member Only Content August 23, 2024
The Florida primary was held on Tuesday, Aug. 20, and individuals across the state headed to the polls to make their voices heard. Read the latest issue of Legislative Update for a breakdown of turnout figures by party, how the primary compared to previous elections and race reviews. It also provides a look ahead to November's election and information on how to support the Florida CPA/PAC.
News: FICPA sends letter to FinCen
August 20, 2024
FICPA President & CEO Shelly Weir on Monday submitted a letter to the Director of the Department of the Treasury's Financial Crimes Enforcement Network (FinCEN), Andrea Gacki, requesting that FinCEN provide filing relief to those impacted by Hurricane Debby in Florida.
Blog: Cash discounts and surcharging
August 15, 2024
Credit card surcharging and the related programs have been a hot topic over the last few years and are only growing hotter. Some see the practice as a way of offsetting the cost of doing business with credit cards, while others consider it an undue toll levied on loyal customers and clients. The guidelines and laws surrounding these programs are unclear, ever-changing and vary by state and area. Regardless of geographic location, there are important tax implications, so it is critical that you are aware which of your clients are surcharging and receive the required paperwork to avoid an audit.
News: DOR grants corporate income tax relief
August 14, 2024
The Florida Department of Revenue (DOR) has announced that it will follow the tax relief granted by the Internal Revenue Service (IRS) for taxpayers impacted by Hurricane Debby.
Legislative Update: Navigating the aftermath of Hurricane Debby
Member Only Content August 09, 2024
Hurricane Debby on Monday made landfall as a Category 1 hurricane near the city of Steinhatchee in Florida's Big Bend region. The Steinhatchee River near Cross City rose nearly 8 feet as Debby came ashore, and state officials said residents in the area could expect continuing heavy flooding into the next week. The FICPA would like to extend its heartfelt sympathies to the individuals, families and businesses impacted by this storm.
News: IRS issues tax relief to 61 Florida counties
August 09, 2024
WASHINGTON — The Internal Revenue Service announced today tax relief for individuals and businesses in Florida that were affected by severe storms and flooding that began on Aug. 1, 2024. These taxpayers now have until Feb. 3, 2025, to file various federal individual and business tax returns and make tax payments.
News: IRS issues tax relief to 61 Florida counties
August 09, 2024
The Internal Revenue Service announced today tax relief for individuals and businesses in Florida that were affected by severe storms and flooding that began on Aug. 1, 2024. These taxpayers now have until Feb. 3, 2025, to file various federal individual and business tax returns and make tax payments.
News: President Biden approves Florida emergency declaration
August 04, 2024
Yesterday, President Joseph R. Biden, Jr. declared that an emergency exists in the State of Florida and ordered Federal assistance to supplement State, tribal, and local response efforts due to the emergency conditions resulting from Tropical Storm Debby beginning on August 1, 2024, and continuing.
Legislative Update: Tax holidays, committee meetings and more
Member Only Content July 25, 2024
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
News: IRS grants relief to 13 Florida counties
July 19, 2024
The Internal Revenue Service announced on Tuesday tax relief for individuals and businesses in Florida that were affected by severe storms.
Legislative Update: Gov. DeSantis concludes actions on 2024 legislation
Member Only Content July 12, 2024
All bills passed by the Legislature during the 2024 Session have now been acted on by Gov. Ron DeSantis. Although Session ended more than four months ago, it took until the last week of June for all legislation to make its way to the governor’s desk and for him to make final decisions on the fate of those bills. This officially signals the end of the legislative cycle, with all eyes now on the 2024 elections.
News: Ed Duarte becomes 97th Chair of FICPA
July 01, 2024
The Florida Institute of Certified Public Accountants (FICPA) is proud to announce that Ed Duarte, CPA, CGMA, began his tenure as the 97th Chair of the FICPA on July 1, 2024.
Legislative Update: MEGA momentum, making moves
Member Only Content June 27, 2024
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.
Advocacy Alert: Gov. Ron DeSantis signs state budget
June 12, 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.
Year in Review: Protecting and promoting the profession
June 12, 2024
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.
Legislative Update: Retired CPA Status moves into rulemaking
Member Only Content May 31, 2024
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.