Latest News

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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 Internal Revenue Service announced on Tuesday tax relief for individuals and businesses in Florida that were affected by severe storms.

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.

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.

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.

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.