Impact Report 3: Movement on Wayfair, Sunset Review, & Deregulation Bills

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Impact Report 3: Movement on Wayfair, Sunset Review, & Deregulation Bills

 

Even though the legislative session is just getting started, there’s no shortage of bills making their way through both chambers. FICPA’s Governmental Affairs team has an update on where key bills – including sunset review & deregulation matters – stand right now.

Also in this week’s IMPACT Report:

  • Bill Tracking Updates
  • Sunset Review Bill Heard in Committee – HB 707
  • IRS Commissioner Speaks to Florida CPAs
  • IRS Opening 2019 Tax Filing Season for Individual Filers

Sincerely

Justin Thames
Director of Governmental Affairs

Bill Tracking

SB474 – Deregulation of Professions and Occupations

Pending reference review under Rule 4.7(2) – (Committee Substitute)

 

SB126 – Sales and Use tax

Introduced – SJ 13

 

SB616 – Background Screening

Introduced – SJ 47

 

HB6021 – Corporate Income taxes

Introduced – HJ 258

 

SB740 – Real Estate

Introduced- SJ 56

 

SB450 – Whistleblower’s Act

Introduced -SJ 34

 

HB707 – Legislative Review of Occupational Regulations

Favorable by Commerce Committee; YEAS 22 NAYS 1. Now in Health and Human Services Committee

 

HB1141 – Taxation of Real Property

Introduced -HJ 100

 

SB1140 – Public Accountancy

Favorable by Innovation, Industry, and Technology; YEAS 9 NAYS 0. Now in Commerce and Tourism

 

SB1526 – Food Donation Programs

Introduced -SJ 112

 

SB1238 – Regulatory Reform

Introduced -SJ 90

 

HB963 – Consumer Data Privacy

Introduced -HJ 83

Other Weekly News and Highlights:

Sunset Review Bill Heard in Committee – HB 707

On January 16, House Bill 707 was heard in the House Commerce Committee. As Chairman Renner explained, this bill will take occupational licenses and establish a structured review over a 4-year period, with a sunset at the back end. Health and safety are said to be the number one priorities with this bill. “The bill is agnostic; it is not a deregulation bill. It simply uses a sunset as a forcing mechanism to have a structured review.” The bill was reported favorably and will be moving to the Health and Human Services Committee. For more updates on this bill, be sure to follow our weekly bill tracker.

IRS Commissioner Speaks to Florida CPAs

During this month’s FICPA and Florida Bar International Tax Conference in Miami, IRS Commissioner Chuck Rettig addressed 500 CPAs and attorneys and discussed how the passion among his collective “we” at the IRS can make a difference, and that he is a huge advocate for taxpayer service. Rettig shared with the audience that before becoming Commissioner, he practiced as a tax litigation lawyer for 36 years, so he understands what it is like to be on the practicing side of the profession. Rettig said he is honored to be at the IRS to serve our country, and it was clear from his passion that he is leading his dream life at the IRS.

The Commissioner also talked policy, sharing that in 2018, 83.6% of taxpayers were in compliance. He is a supporter of VITA and tax counseling for the elderly and military. He asked that CPAs consider volunteering with VITA or other volunteer programs, as these organizations make a meaningful difference by helping taxpayers remain in compliance. The tax form Schedule 1 now has a new checkbox question: “At any time did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?” This is important for practitioners to ask their clients as all transactions must be reported.

Looking forward, Rettig envisions a more automated future at the IRS, including the use of “chat bots” coming soon to those that have internet access and want to ask questions. The IRS currently accommodates 6 languages, but Retting’s plan is to add services in additional foreign languages so that the IRS is more accessible and compliance rates increase.

 

IRS Opening 2019 Tax Filing Season for Individual Filers

The Internal Revenue Service confirmed that the tax season will start for individual filers on Monday, Jan. 27, 2020, with the deadline to file 2019 tax returns and pay any tax owed being Wednesday, April 15, 2020. The Jan. 27 opening date was set to ensure the security and readiness of key tax processing systems. “The IRS encourages everyone to consider filing electronically and choosing direct deposit. It’s fast, accurate and the best way to get your refund as quickly as possible,” the agency announced. IRS tax help is available 24 hours a day on IRS.gov, the official IRS website, where you can find answers to tax questions and resolve tax issues online. Read the full announcement here.


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Florida CPA/PAC Needs You DONATE ONLINE

The 2020 legislative session is in full swing. Make sure that CPAs’ interests are known and understood by donating to the Florida CPA/PAC! Your voluntary donation helps us educate members of the legislature on the potential impact any given bill could have on the CPA profession. Your support is even more important as the next election cycles approach. Learn more and donate now at www.ficpa.org/PAC!

Please note: contributions are strictly voluntary and are not deductible for federal tax purposes. The Florida CPA/PAC is an entity completely separate from the FICPA. The Florida CPA/PAC is supported solely by the voluntary contributions of members of the FICPA and others

Impact Report 2: 2020 Session Kicks Off with New Legislative Priorities

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Impact Report 2: 2020 Session Kicks Off with New Legislative Priorities

 

Earlier this week, the Florida Legislature kicked off the 2020 legislative session with the Governor’s State of the State address. Lawmakers have laid out many of their legislative priorities for the coming weeks and months, and FICPA Director of Governmental Affairs Justin Thames has a roundup of the most important issues Florida CPAs and businesses need to track.

Also in this week’s IMPACT Report:

  • Bill Tracking Updates
  • State of the Taxpayer Dinner
  • Governor Ron DeSantis’ State of the State Address
  • IRS Opening 2019 Tax Filing Season for Individual Filers

Sincerely

Justin Thames
Director of Governmental Affairs

Bill Tracking

SB474 – Deregulation of Professions and Occupations

Introduced -SJ 36

 

SB126 – Sales and Use tax

Introduced -SJ 13

 

SB616 – Background Screening

Introduced -SJ 47

 

HB6021 – Corporate Income taxes

Introduced

 

SB740 – Real Estate

Introduced -SJ 56

 

SB450 – Whistleblower’s Act

Introduced -SJ 34

 

HB707 – Legislative Review of Occupational Regulations

On Committee agenda– Commerce Committee, 01/16/20, 2:30 pm, Webster Hall

Other Weekly News and Highlights:

State of the Taxpayer Dinner

On Wednesday, January 15, Florida TaxWatch held their 5th annual State of the Taxpayer dinner. The FICPA sponsored the event again this year and heard from many of the state’s leaders, including former Florida Governor Bob Martinez. Each year, the State of the Taxpayer event serves as a forum for Florida’s elected leaders to discuss the issues that directly interest and impact taxpayers. This year’s agenda included Attorney General Ashley Moody, CFO Jimmy Patronis, House Judiciary Committee Chair Paul Renner, and others.

Governor Ron DeSantis’ State of the State Address

Session commenced on Tuesday, January 14th, with Governor Ron DeSantis delivering his State of the State Address. He began by touching on Florida’s successes, including the low unemployment and crime rates, top-ranked public university system, and no state income tax. “We have strong momentum and need to keep it going,” he said. During his speech, the Governor emphasized the importance of water quality projects and related legislation, hurricane recovery, and education. Over the coming months, our Division of Emergency Management and Department of Economic Opportunity will be distributing more than a billion dollars in mitigation funds to areas impacted by the hurricanes over the last several years. “In January of 2019, I asked Director Jared Moskowitz to expedite reimbursements to affected areas. I ask that you re-up this grant program for another year,” he said to legislators. Gov. DeSantis also aims to continue and improve his education efforts through apprenticeship programs and a replacement of the Best and Brightest bonus program with a more generous proposed initiative. As Governor DeSantis said, “the bottom line is we have a chance to take bold action to make a lasting positive impact upon Florida. Let’s seize this opportunity.” For more details, you can read the State of the State Address in its entirety here.

 

IRS Opening 2019 Tax Filing Season for Individual Filers

The Internal Revenue Service confirmed that the nation’s tax season will start for individual tax return filers on Monday, Jan. 27, 2020, with the deadline to file 2019 tax returns and pay any tax owed being Wednesday, April 15, 2020. The Jan. 27 opening date was set to ensure the security and readiness of key tax processing systems. “The IRS encourages everyone to consider filing electronically and choosing direct deposit. It’s fast, accurate and the best way to get your refund as quickly as possible,” the agency said. IRS tax help is available 24 hours a day on IRS.gov, the official IRS website, where you can find answers to tax questions and resolve tax issues online. Read the full announcement here.


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In November, Floridians will head to the polls to choose new federal and state legislators. Make sure that those candidates know the issues that are important to CPAs and businesses by supporting the Florida CPA/PAC! We work year-round to educate lawmakers and support pro-CPA, pro-business policies. Learn more and donate at www.ficpa.org/pac.

Please note: contributions are strictly voluntary and are not deductible for federal tax purposes. The Florida CPA/PAC is an entity completely separate from the FICPA. The Florida CPA/PAC is supported solely by the voluntary contributions of members of the FICPA and others

Impact Report January: What you need to know before the 2020 Session

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Impact Report January: What you need to know before the 2020 Session

 

Welcome to 2020! We’re just a few days away from the start of the 2020 legislative session on January 14. As the bill-filing deadline approaches, FICPA Director of Governmental Affairs Justin Thames offers an update on the legislation that we’re likely to see this year and how it might impact CPAs and businesses in Florida.

Also in this week’s IMPACT Report:

  • Bill Tracking Updates
  • FICPA Council Approves 2020 State Legislative Policies
  • Florida Taxpayer Rights Advocate Issues Annual Report
  • Motor Vehicle Sales Tax Rates
  • IRS Opening 2019 Tax Filing Season for Individual Filers
  • National Taxpayer Advocate Delivers Annual Report to Congress
  • Emerging Leaders Summit Recap
  • DOR Publishes Final Rule Changes

Sincerely

Justin Thames
Director of Governmental Affairs

Bill Tracking

SB474 – Deregulation of Professions and Occupations

Referred to Innovation, Industry, and Technology; Commerce and Tourism; Appropriations

 

SB126 – Sales and Use tax

Favorable by Commerce and Tourism. Now in Finance and Tax

 

SB616 – Background Screening

Referred to Commerce and Tourism; Governmental Oversight and Accountability; Appropriations

 

HB6021 – Corporate Income taxes

Referred to Ways and Means Committee; Commerce Committee; Appropriations Committee

 

SB740 – Real Estate

Referred to Innovation, Industry, and Technology; Judiciary; Rules

 

SB450 – Whistleblower’s Act

Referred to Governmental Oversight and Accountability; Judiciary; Rules

 

HB707 – Legislative Review of Occupational Regulations

Referred to Commerce Committee; Health and Human Services Committee; Appropriations Committee

Other Weekly News and Highlights:

FICPA Council Approves 2020 State Legislative Policies

Each year, the FICPA Committee on State Legislative Policy sets the Institutes legislative agenda for the upcoming year and crafts the organizations “Legislative and Regulatory Policies.” The FICPA Council approved the 2020 Legislative Policies on October 31, 2019. There were significant amendments made to this year’s policies, and they are listed below. To read the 2020 Legislative Policies in their entirety, visit www.ficpa.org/SLP.

  1. Support CPE reciprocity for nonresident Florida CPAs
  2. Support the creation of “Retired CPA” status for “inactive” Florida licensees at least 55 years of age as described in the 8th Version of the Uniform Accountancy Act and pursuant to the safeguards in 473.301 F.S.
  3. Support additional specificity for required ethics courses to include a majority of Florida Laws and Rules content

 

 

Florida Taxpayer Rights Advocate Issues Annual Report

The Taxpayer Rights Advocate issues a report each year as required by law. This year’s annual report for the 2018-2019 fiscal year consists of five sections, including taxpayer rights, tax-related operations, legislative and administrative matters, analysis of GTA post-audit survey results, and statutes pertaining directly to the TRA. You can find the full article on our website here.

To learn more about the Taxpayers’ Rights Advocate and the Taxpayer’s Bill of Rights, click here.

 

Motor Vehicle Sales Tax Rates

Sales tax on motor vehicles varies based on whether the vehicle was sold in Florida to residents of another state or purchased in another state and brought into Florida. Under certain circumstances, Florida law allows a partial exemption of sales and use tax to be collected on a motor vehicle purchased by a resident of another state. In addition, Florida’s use tax rate of 6% generally applies to motor vehicles purchased in another state, the District of Columbia, or a U.S. territory and subsequently titled, registered, or licensed in Florida. Florida law allows a credit to be given to reduce the tax due when a like tax has been lawfully imposed and paid in another state, the District of Columbia, or a U.S. territory. Click here to read the full details on this topic and see a chart of tax rates by state.

 

IRS Opening 2019 Tax Filing Season for Individual Filers

The Internal Revenue Service confirmed that the nation’s tax season will start for individual tax return filers on Monday, Jan. 27, 2020, with the deadline to file 2019 tax returns and pay any tax owed being Wednesday, April 15, 2020. The Jan. 27 opening date was set to ensure the security and readiness of key tax processing systems. “The IRS encourages everyone to consider filing electronically and choosing direct deposit. It’s fast, accurate and the best way to get your refund as quickly as possible.” IRS tax help is available 24 hours a day on IRS.gov, the official IRS website, where you can find answers to tax questions and resolve tax issues online. Read the full announcement here.

 

National Taxpayer Advocate Delivers Annual Report to Congress: Focuses on Taxpayer First Act Implementation, Taxpayer Service, and IRS funding

WASHINGTON — On January 8, 2020, acting National Taxpayer Advocate Bridget Roberts released her 2019 Annual Report to Congress. Key challenges highlighted in the report include implementation of the Taxpayer First Act, inadequate taxpayer service and limited funding of the agency.

Roberts also released the third edition of the National Taxpayer Advocate’s “Purple Book,” which presents 58 legislative recommendations designed to strengthen taxpayer rights and improve tax administration.

The report highlights that the Taxpayer First Act, enacted into law on July 1, 2019, has made the most comprehensive revisions to IRS procedures since the IRS Restructuring and Reform Act of 1998, including some 23 provisions previously recommended by the National Taxpayer Advocate. The Taxpayer First Act also requires the IRS to develop four strategic plans: (i) a comprehensive taxpayer service strategy (due to Congress by July 1, 2020); (ii) a comprehensive plan to redesign the IRS’s organizational structure (due to Congress by Sept. 30, 2020); (iii) a comprehensive employee training strategy that includes taxpayer rights training (due to Congress by July 1, 2020); and (iv) a multi-year plan to meet IRS information technology (IT) needs.

“By passing the Taxpayer First Act, Congress has sent the IRS a clear message that it needs to rethink the way it operates – the services it provides, its organizational structure, the way it trains employees, and the technology it uses,” Roberts wrote in the preface to the report.

Roberts also noted that long-time National Taxpayer Advocate Nina E. Olson retired five months ago, and a permanent replacement has not yet been appointed. “While I am honored to serve as the Acting National Taxpayer Advocate,” Roberts wrote, “the Office of the Taxpayer Advocate – and taxpayers – deserve a permanent appointee. . . . Given the current crossroads at which the IRS finds itself, it is critical that a permanent National Taxpayer Advocate be appointed as quickly as possible to help ensure the IRS protects taxpayer rights and meets its obligations to taxpayers.”

Highlights of the report are summarized here.

 

Emerging Leaders Summit

The 2019 Emerging Leaders class gathered in Tallahassee from December 9th through 11th, bringing together a group of approximately 30 young CPAs from across the state. The three-day seminar consisted of a welcome reception, tour of the FICPA Government Affairs Office, day at the Florida Capitol, meetings with legislators, leadership workshops, and a graduation luncheon.

Applications for the 2020 Emerging Leaders Class are already available – click here to apply.

DOR Publishes Final Rule Changes

The Florida Department of Revenue recently published a final version of recent agency rule changes. You can find a comprehensive list of the new rules with links here.


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This year, resolve to make a difference on behalf of the CPA profession by making a voluntary donation to the CPA/PAC. Donating to the PAC is one of the most effective ways to ensure CPAs’ interests are considered in Tallahassee – and as we enter an election year, your support matters more than ever. Help us identify & support pro-CPA candidates by making a contribution today!

Please note: contributions are strictly voluntary and are not deductible for federal tax purposes. The Florida CPA/PAC is an entity completely separate from the FICPA. The Florida CPA/PAC is supported solely by the voluntary contributions of members of the FICPA and others

Latest Update

Impact Report December: Emerging Leaders Summit & Committee Weeks

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Impact Report December: Emerging Leaders Summit & Committee Weeks

 

Legislators are entering another week of committee meetings, and FICPA Director of Governmental Affairs Justin Thames offers an update on some of the key bills and issues we’re tracking ahead of the 2020 legislative session. Justin also has updates from recent meetings with firms and the FL Lieutenant Governor in Miami, as well as the upcoming FICPA Emerging Leaders Summit in Tallahassee.

Also in this week’s IMPACT Report:

  • Bill Tracking Updates
  • Treasury, IRS Issue Final Regulations on the Foreign Tax Credit
  • Department of Revenue Liaison Meeting
  • Governor Ron DeSantis Announces His 2020-2021 Budget
  • Department of Revenue Updates

Sincerely

Justin Thames
Director of Governmental Affairs

Bill Tracking

SB474 – Deregulation of Professions and Occupations 

Referred to Innovation, Industry, and Technology; Commerce and Tourism; Appropriations 

 

SB126 – Sales and Use tax 

Favorable by Commerce and Tourism. Now in Finance and Tax 

 

SB616 – Background Screening 

Referred to Commerce and Tourism; Governmental Oversight and Accountability; Appropriations

 

HB6021 – Corporate Income taxes 

Referred to Ways and Means Committee; Commerce Committee; Appropriations Committee

SB740 – Real Estate 

Referred to Innovation, Industry, and Technology; Judiciary; Rules

SB450 – Whistleblower’s Act 

Referred to Governmental Oversight and Accountability; Judiciary; Rules

HB707 – Legislative Review of Occupational Regulations 

Referred to Commerce Committee; Health and Human Services Committee; Appropriations Committee

Other Weekly News and Highlights:

Treasury, IRS Issue Final Regulations on the Foreign Tax Credit

In early December, the Internal Revenue Service issued final regulations on the Foreign Tax Credit and Proposed Regulations relating to the allocation and apportionment of deductions and creditable foreign taxes.  

In addition, the Tax Cuts and Jobs Act (TCJA) made some major changes including revamping the U.S. international tax system, repealing section 902, adding two separate limitation categories for foreign branch income and amounts, and changing how taxable income is calculated for purposes of the Foreign Tax Credit limitation. Finally, the TCJA made systemic changes to U.S. taxation of international income that impact the Foreign Tax Credit calculation. 

If you’d like to read more about any of these changes, you can do so here. Other updates on the implementation of the TCJA can be found on the Tax Reform page of IRS.gov. 

 

Department of Revenue Liaison Meeting

 

On November 19, we attended the annual Florida State Tax and Department of Revenue liaison meeting. Throughout the day, we spoke about the upcoming legislative session and many pressing topics including rule making, the tax cuts and jobs act (TCJA), a Florida economic update, and a litigation update. 

 

 

Governor Ron DeSantis Announces His 2020-2021 Budget

Governor Ron DeSantis unveiled his policy & budget recommendations of $91.4 billion for the 2020-21 fiscal year. “My budget proposal for Fiscal Year 2020-2021 builds on our successes of the past year, placing emphasis where it is needed while remaining fiscally responsible to Florida taxpayers,” said Governor DeSantis. His key investments include the environment, well-being of residents, K-12 education system, and tax relief. For more details, you may visit the website here! 

 

Department of Revenue Updates

Don’t miss out on regular updates from the DOR! To receive important news including tax information publications, due date reminders and proposed rules, subscribe here.


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Want to make sure that legislators understand the needs of the CPA community and appreciate the value they contribute to society? Donate to the Florida CPA/PAC! Making a voluntary contribution is the most effective way to ensure pro-CPA, pro-business politicians are elected to represent you in Tallahassee. We work year-round to educate members of the legislature on the issues that matter to CPAs and their licenses. Donate today!

Please note: contributions are strictly voluntary and are not deductible for federal tax purposes. The Florida CPA/PAC is an entity completely separate from the FICPA. The Florida CPA/PAC is supported solely by the voluntary contributions of members of the FICPA and others

Impact Report November: 2020 Priorities Take Shape

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Impact Report November: 2020 Priorities Take Shape

 

As interim committee meetings enter their fourth week, Florida’s state legislators have already filed over 1,000 bills ahead of the 2020 legislative session. FICPA Director of Governmental Affairs Justin Thames has updates on two of those bills that CPAs should be following, plus the FICPA Legislative Policy Committee’s 2020 priorities and some of our FICPA members’ recent achievements.

Also in this week’s IMPACT Report:

  • Bill Tracking Updates
  • FICPA Emerging Leaders Summit – Registration Closes Nov. 17
  • Department of Revenue Updates
  • UCF Accounting Student Competing for National Contest
  • President Galvano Appoints Byron Shinn to the Florida Cybersecurity Task Force
  • Charter School Practice Aid
  • FICPA NASBA Annual Meeting

Sincerely

Justin Thames
Director of Governmental Affairs

NEW: Read the 2020 FICPA Legislative and Regulatory Policies

The Florida Institute of CPAs is committed to the advancement of Florida’s CPA profession. As such, the Institute believes a vital part of its service role to the membership is to both propose and comment on policies and procedures that affect the profession.

With this in mind, the Committee on State Legislative Policy developed the 2020 FICPA Legislative and Regulatory Policies. Through the promulgation and support of these policies, the FICPA’s intent is for the profession to maintain the highest possible standards of professionalism while protecting the needs and exceeding the expectations of the general public.

Bill Tracking

SB474 – Deregulation of Professions and Occupations

Referred to Innovation, Industry, and Technology; Commerce and Tourism; Appropriations

 

SB126 – Sales and Use tax

Referred to Commerce and Tourism; Finance and Tax; Appropriations

 

SB616 – Background Screening

Referred to Commerce and Tourism; Governmental Oversight and Accountability; Appropriations

 

HB6021 – Corporate Income taxes

Referred to Ways and Means Committee; Commerce Committee; Appropriations Committee

 

SB740 – Real Estate

Awaiting committee reference

 

SB450 – Whistleblower’s Act

Referred to Governmental Oversight and Accountability; Judiciary; Rules

Other Weekly News and Highlights:

FICPA Emerging Leaders Summit – Registration Closes Nov. 17

The FICPA Emerging Leaders Summit brings together young CPAs (36 and under) from all across the state for a three-day experience that focuses on the future of the CPA profession in Florida and enhancing their leadership skills. Learn more and register here.

 

Department of Revenue Updates

Don’t miss out on regular updates from the DOR! To receive important news including tax information publications, due date reminders and proposed rules, subscribe here.

 

UCF Accounting Student Competing for National Contest

A local college student, Sayyada Khaki, has been selected as a finalist in a student video competition sponsored by the AICPA! This competition required students to submit a video about why they want to be a CPA. Check out the video and consider supporting this student by voting for their video by 2:59pm ET on November 15, 2019.

President Galvano Appoints Byron Shinn to the Florida Cybersecurity Task Force

On October 11, President Bill Galvano announced the appointment of Byron Shinn to the Florida Cybersecurity Task Force. The Florida Cybersecurity Task Force is tasked with reviewing and providing recommendations for the improvement of the state’s cybersecurity infrastructure, governance, and operations. Byron is a CPA with years of experience in cybersecurity issues, specifically federal tax fraud. We know Byron will do an amazing job throughout his term, which lasts through January 1, 2021. See the full press release here.

 

Charter School Practice Aid

Each year, we create a Practice Aid designed to assist those CPAs involved, or contemplating involvement, in charter school audits. This Practice Aid is one result of the FICPA’s dedication to improvement in professional practices. Internal auditors and other accountants involved with charter schools, including sponsor’s staff, will find this aid useful as a practical resource manual. Its overview of the audit requirements for reporting and compliance determination will assist in supporting audits from the client’s perspective. It should assist in the understanding of what information is needed by the auditors and is also recommended as a staff-training tool. The entire document can be found on the FICPA website here.

 

FICPA NASBA Annual Meeting

FICPA Director of Governmental Affairs Justin Thames met with Ken Bishop, President and CEO of the National Association of State Boards of Accountancy, at NASBA’s Annual Meeting in Boston, MA. Justin and Ken discussed new regulatory updates that are impacting the profession at a state and national level.

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Florida CPA/PAC Needs You DONATE ONLINE

One of the most important ways you can support our legislative advocacy efforts is by donating to the Florida CPA/PAC. Your voluntary donation goes directly towards strengthening our profession and protecting your license. We rely on your help to vet, educate, and support lawmakers who stand for pro-CPA policies and ideals. Make a donation today at FICPA.org/PAC!

Please note: contributions are strictly voluntary and are not deductible for federal tax purposes. The Florida CPA/PAC is an entity completely separate from the FICPA. The Florida CPA/PAC is supported solely by the voluntary contributions of members of the FICPA and others

Impact Report August: Countdown to 2020 Session Begins

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Impact Report August: Countdown to 2020 Session Begins

 

As summer winds down, the legislative cycle is heating up as lawmakers prepare for September meetings ahead of the 2020 session. Your FICPA Governmental Affairs team has been active throughout the summer meeting with members across the state, setting legislative priorities for the coming year, and keeping members informed when it comes to implications of new legislation that took effect. Watch our video update for new developments on all of these fronts.

The 2020 session and elections will be here before you know it – stay informed and up to date by continuing to follow the IMPACT Report!

Also in this edition of the IMPACT Report:

  • Emerging Leaders 2019-2020 Class Announced
  • State & Local Government Accounting Conference
  • FICPA Hosts Networking Reception with Florida Bar

Sincerely

Justin Thames
Director of Governmental Affairs

Other Weekly News and Highlights:

Emerging Leaders 2019-2020 Class Announced

The FICPA recently announced the 2019-2020 class of its Emerging Leaders Program. The program is a selective leadership development opportunity for young CPAs looking to grow in their careers and impact their communities. Each year, the program allows these CPAs to establish strong professional relationships and take the next step forward as leaders. This year’s kick-off event took place earlier this month in Orlando, where participants got to meet their classmates, hear from alumni, strengthen their communication skills, and learn how they can build the CPA profession in Florida. FULL Press Release Here


 

This Week: State & Local Government Accounting Conference

Our annual conference for CPAs in government is taking place this week, August 22 & 23 in Orlando (and via live stream)! Attendees will have the opportunity to hear from experts in the field and learn how to navigate the ethical and practical demands of public services. Check out the full agenda here!



FICPA Hosts Networking Reception with Florida Bar


Join the FICPA & the Florida Bar’s Business Law Section at our Joint Networking Reception!

Thursday, September 26
5:30 – 6:30 PM
Renaissance Fort Lauderdale Cruise Port Hotel|

RESERVE YOUR SEAT

This unique opportunity offers a chance to interact with key players in finance, accounting, and business law, and is held in conjunction with the 2019 FICPA Accounting Show Next Era.

  • Live music & open bar
  • Shuttle transportation from the convention center to the event
  • Exclusive networking with the FICPA & Florida Bar members

Space is limited – register for FREE today at www.ficpa.org/as-reception!

 



Florida TaxWatch Publishes FY 2019-2020 Budget Guide


Florida TaxWatch just released a guide to the FY 2019-20 state budget, which went into effect July 1, 2019. This is the first budget in the new administration of Governor Ron DeSantis, and he put a special emphasis on protecting the Everglades, affordable housing, and hurricane recovery which seem to be his spending priorities. Go to Florida TaxWatch to see the Budget Guide in its entirety. 


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Your voluntary contribution to the Florida CPA/PAC helps us educate candidates and elected officials about why the CPA profession matters, and how the legislation they support will affect your work. Ahead of next year’s elections, your support is even more critical. Donate today and help us stand up for the CPA profession!

Please note: contributions are strictly voluntary and are not deductible for federal tax purposes. The Florida CPA/PAC is an entity completely separate from the FICPA. The Florida CPA/PAC is supported solely by the voluntary contributions of members of the FICPA and others.


Florida CPA/PAC Director Kristin Bivona meeting with State Senate Candidate Jason Brodeur during an event in Orlando, FL.

Please note: contributions are strictly voluntary and are not deductible for federal tax purposes. The Florida CPA/PAC is an entity completely separate from the FICPA. The Florida CPA/PAC is supported solely by the voluntary contributions of members of the FICPA and others

Impact Report October: 340+ Bills Already Filed

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Impact Report October: 340+ Bills Already Filed

 

Last week, the FICPA Governmental Affairs team was in Ft. Lauderdale to bring CPAs attending the Accounting Show Next Era the latest legislative updates ahead of the 2020 session. Over 342 bills have already been filed as of last week, and legislators have already held their first committee meetings. Director of Governmental Affairs Justin Thames has details on these developments and more.

Also in this edition of the IMPACT Report:

  • FICPA Podcast
  • Department of Revenue Updates
  • FAPL Annual Conference
  • FICPA Emerging Leaders Events

Sincerely

Justin Thames
Director of Governmental Affairs

Other Weekly News and Highlights:

Have you checked out our podcast?

Our latest podcast features Florida TaxWatch, discussing how state Government is working to save Florida taxpayers money. Listen here

 

Department of Revenue Updates

Don’t miss out on regular updates from the DOR! To receive important news from the Tax Information Publication, subscribe here.

 

FAPL Annual Conference

The Florida Association of Professional Lobbyists (FAPL) had their 2019 conference September 11-13. FICPA Director of Governmental Affairs Justin Thames chaired the FAPL Conference Planning Committee this year and oversaw the conference agenda. Lobbyist and advocates from across the state were updated on House and Senate Rules, received annual ethics training, and attended many sessions to help enhance their lobbying skills.  Check out the program and speakers here.   

 

Florida TaxWatch Says: Participate in the 2020 Census!

Domonic Calabro, President-CEO of Florida TaxWatch, discusses the importance of Florida’s full participation in the Census. “Florida has the 4th highest undercount; we need to make Florida count,” he says. “We want to get our legal and fair share.” Interested in learning how and why you should help? Read more here

 

FICPA Advocacy at Work

The Governmental Affairs team is constantly working on behalf of Florida CPAs. Below is a roundup of photos from recent events and initiatives across the state.

State Representative Mike Caruso, CPA and FICPA President-CEO Deborah Curry kicking off the joint networking reception with the Florida Bar Business Law Section at the FICPA Accounting Conference in Ft. Lauderdale. 

FICPA Brevard Chapter with State Representative Thad Altman at their annual legislative updated meeting. The Chapter had the opportunity to discuss local issues and learn about the Representatives legislative priorities heading into the 2020 Session.

Region 5 Emerging Leaders Class III and FICPA Past Chair Joey Epstein  with Broward County Commissioner Nan Rich and State Representative Dan Daley at the Emerging Leaders Program regional session. The meeting focused on the importance of engaging state and local leaders as advocates on behalf of the CPA profession. 

Region 3 Emerging Leaders Class III and State Representative Chris Latvala and Tampa City Councilman Joe Citro.


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Florida CPA/PAC Needs You DONATE ONLINE

As you can tell from the photos above, supporting and advocating for Florida CPAs takes a statewide effort. One of the most effective ways you can ensure our profession maintains its esteem in the public eye is by donating to the Florida CPA/PAC. Your voluntary contributions help the PAC vet, educate, and support lawmakers who stand for pro-CPA policies and platforms. Head to FICPA.org/PAC to make a donation today!

Please note: contributions are strictly voluntary and are not deductible for federal tax purposes. The Florida CPA/PAC is an entity completely separate from the FICPA. The Florida CPA/PAC is supported solely by the voluntary contributions of members of the FICPA and others

Impact Report 15: Live from Mega 2019

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Impact Report 15: Live from Mega 2019

 

This week, the FICPA Governmental Affairs team is at the 2019 Mega CPE Conference along with hundreds of other CPAs from around the state. In this special edition of the Impact Report – filmed on-site at Mega – we invited our external consultant and collaborator Jennifer Green to discuss highlights, disappointments, and analysis of everything that happened during the 2019 legislative session in Tallahassee. You can view our full conversation with her below.

 


PLUS: while at Mega, we sat down with Florida State Senator Joe Gruters, CPA, FICPA Member and Vice Chair of the Senate Finance and Tax Committee, for an exclusive interview.

 

Also in this edition of the IMPACT Report:

  • Bill summaries and results
  • Public Accountancy Bill Approved by Governor

Sincerely

Justin Thames
Director of Governmental Affairs

Other Weekly News and Highlights:

Public Accountancy Bill Approved by Governor

The Public Accountancy Bill (HB 977) was presented to Governor Ron DeSantis on June 5 after passing through both the House and Senate this session. On June 7, the Governor approved of the bill, which will go into effect on July 1. Once in effect, the bill will reduce A&A requirements and ensure SSAE standards are only allowed for CPAs. We would like to congratulate and thank Representative Stevenson and Senator Gruters for their hard work to make this happen!

@FL_Thames

@FICPA

Florida CPA/PAC Needs You DONATE ONLINE

Standing up for the CPA profession doesn’t end when session does. Year-round, the Florida CPA/PAC works to educate lawmakers on issues that matter to accounting & business professionals, which means that CPAs remain at the top of Florida legislators’ minds.  You can make a voluntary donation to the Florida CPA/PAC any time, including during the upcoming FICPA dues renewal cycle!

Please note: contributions are strictly voluntary and are not deductible for federal tax purposes. The Florida CPA/PAC is an entity completely separate from the FICPA. The Florida CPA/PAC is supported solely by the voluntary contributions of members of the FICPA and others

Impact Report 14: Session Ends with Historic Budget

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Impact Report 14: Session Ends with Historic Budget


The Florida Legislature adjourned the 2019 regular session after passing a historic $91.1 billion budget. Over 3,000 bills were introduced this year, but which ones made it through the House and Senate? FICPA Director of Governmental Affairs, Justin Thames, has a complete roundup.

 

Also in this edition of the IMPACT Report:

  • Bill Tracking Updates
  • Florida Politics: Winners and losers emerging from the 2019 Legislative Session
  • Many major issues died in Florida Legislature this session
  • End of Tax Season Special Offer from Brightline

Sincerely

Justin Thames
Director of Governmental Affairs

News Round-Up
May 10th, 2019

Florida Politics: Winners and losers emerging from the 2019 Legislative Session

Click here for the full list:

https://floridapolitics.com/archives/295674-winners-and-losers-of-the-2019-legislative-session



Many major issues died in Florida Legislature this session

10 high-profile Issues didn’t make it through the Legislature: Parental consent for minor abortions, campus surveys, raising the smoking age to 21,THC limit for smokable marijuana, constitution revision commission, banning oil/gas fracking, gambling, allowing nurse practitioners to work independently from doctors, school board term limits, and preventing life insurance companies from using genetic test information. You can read more about these topics here: https://www.sun-sentinel.com/news/politics/os-ne-10-things-that-died-in-legislature-20190506-story.html


End of Tax Season Special Offer from Brightline

Celebrate the end of tax season aboard Brightline! Book a group outing of 16 or more of your colleagues and one drink is on us!

  • Book by May 31st
  • Email groups@gobrightline.com
  • Subject to availability

 

@FL_Thames

@FICPA

Florida CPA/PAC Needs You DONATE ONLINE

Standing up for the CPA profession doesn’t end when session does. Year-round, the Florida CPA/PAC works to educate lawmakers on issues that matter to accounting & business professionals, which means that CPAs remain at the top of Florida legislators’ minds.  You can make a voluntary donation to the Florida CPA/PAC any time, including during the upcoming FICPA dues renewal cycle!

Please note: contributions are strictly voluntary and are not deductible for federal tax purposes. The Florida CPA/PAC is an entity completely separate from the FICPA. The Florida CPA/PAC is supported solely by the voluntary contributions of members of the FICPA and others

Impact Report 13: End of Session in Sight

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Impact Report 13: End of Session in Sight


This week, with just days left in the regular session, Florida lawmakers reached a budget deal totaling roughly $90 billion. Lawmakers will stay in Tallahassee until Saturday in order to review and approve the document. FICPA’s Governmental Affairs team has an update on all of the bills we were tracking throughout the session, and how they fared in the legislature’s last week of activity.

 

Also in this edition of the IMPACT Report:

  • Bill Tracking Updates
  • End of Tax Season Special Offer from Brightline

Sincerely

Justin Thames
Director of Governmental Affairs

News Round-Up
May 3rd, 2019


End of Tax Season Special Offer from Brightline

Celebrate the end of tax season aboard Brightline! Book a group outing of 16 or more of your colleagues and one drink is on us!

  • Book by May 31st
  • Email groups@gobrightline.com
  • Subject to availability

 

@FL_Thames

@FICPA

Florida CPA/PAC Needs You DONATE ONLINE

Making a voluntary donation to the Florida CPA/PAC is one of the most effective ways you can support CPAs’ legislative interests. Last year, 90% of the candidates that the Florida CPA/PAC supported were elected. Make sure that lawmakers are educated and aware of the issues that affect CPAs and business professionals in Florida – support the CPA/PAC! You can make a voluntary donation any time, including during the upcoming FICPA dues renewal cycle.

Please note: contributions are strictly voluntary and are not deductible for federal tax purposes. The Florida CPA/PAC is an entity completely separate from the FICPA. The Florida CPA/PAC is supported solely by the voluntary contributions of members of the FICPA and others
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