Impact Report 7: Tax Scams, "Ok" to Smoke, and more

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Impact Report 7: Tax Scams, "Ok" to Smoke, and more


The first bill of the 2019 legislative session has passed and been signed into law; meanwhile, lawmakers continue to advance bills through the various committees & subcommittees. The FICPA Governmental Affairs team is tracking them all in order to keep CPAs up to speed on how these developments could affect the profession.

Also in this edition of the IMPACT Report:

  • IRS issues 2019 “Dirty Dozen” tax scams
  • Governor DeSantis says “Ok” to smoke
  • House and Senate Release Budget Proposals
  • Bill Tracking Updates: Regulation, Taxation, Blockchain, and more

Sincerely

Justin Thames
Director of Governmental Affairs

Florida CPA/PAC Needs You DONATE ONLINE

The FICPA dues renewal season is rapidly approaching – be sure to keep the CPA/PAC in mind as your dues invoices arrive! Your donations support our efforts to educate elected officials on issues impacting CPAs and advance pro-CPA, pro-business policies. You can donate to the CPA/PAC at the same time you renew your membership. Help us maintain our momentum and keep CPAs at the top of legislators’ minds!

 

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 6: New Legislative Updates

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Impact Report 6: New Legislative Updates


Now that the first week of session is behind us, lawmakers are starting the process of advancing bills through the various committees & subcommittees. The FICPA Governmental Affairs team is tracking them all in order to keep CPAs up to speed on how these developments could affect the profession.

Also in this edition of the IMPACT Report:

  • New Bill Tracking Updates: Deregulation, Taxation, Blockchain, and more
  • FICPA Key Person Contacts Make a Difference

Sincerely

Justin Thames
Director of Governmental Affairs

Florida CPA/PAC Needs You DONATE ONLINE

The FICPA dues renewal season is rapidly approaching – be sure to keep the CPA/PAC in mind as your dues invoices arrive! Your donations support our efforts to educate elected officials on issues impacting CPAs and advance pro-CPA, pro-business policies. You can donate to the CPA/PAC at the same time you renew your membership. Help us maintain our momentum and keep CPAs at the top of legislators’ minds!

 

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 5: Kicking off the new session

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Impact Report 5: Kicking off the new session


The next regular session of the Florida Legislature starts on March 5, and lawmakers have already filed hundreds of bills. The FICPA Governmental Affairs team has already reviewed them all, and this week’s video update covers several that CPAs should note.

Also in this edition of the IMPACT Report:

  • New Bill Tracking Updates
  • Governor DeSantis’ State of the State Address
  • Florida TaxWatch: State of the Taxpayer Dinner
  • IRS Video Tax Tip: Child Tax Credit and Credit for Other Dependents

Sincerely

Justin Thames
Director of Governmental Affairs

Florida CPA/PAC Needs You DONATE ONLINE

The 2019 legislative session has started, and the Florida CPA/PAC needs your support to make sure the CPA profession is represented in Tallahassee. Your voluntary contributions help us educate lawmakers on the issues that matter to CPAs as they consider hundreds of legislative and regulatory developments making their way through the legislative process. Click here to donate.

 

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 4: What to watch this legislative session

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Impact Report 4: What to watch this legislative session


The next regular session of the Florida Legislature starts on March 5, and lawmakers have already filed hundreds of bills. The FICPA Governmental Affairs team has already reviewed them all, and this week’s video update covers several that CPAs should note.

Also in this edition of the IMPACT Report:

  • FICPA member appointed to AICPA Tax Practice & Procedures Committee
  • 10 Big Issues to watch for during the 2019 Session

Sincerely

Justin Thames
Director of Governmental Affairs

Florida CPA/PAC Needs You DONATE ONLINE

Ensuring that the CPA profession has a voice in the 2018 elections is a top priority. The direction of the state has the potential to change dramatically with the entire Cabinet, half of the State Senate and the entire House of Representatives being on this year’s ballot. The Florida CPA/PAC works tirelessly to inform those running for office about the issues most important to our members. In order to be successful, we need your support. The annual fundraising campaign has officially kicked-off and you can do your part by sending in your pledge form that you recently received, making a contribution online or with your FICPA dues.

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 3: New interview with Sen. Joe Gruters

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Impact Report 3: New interview with Sen. Joe Gruters

 

We’re less than 10 days away from the next regular session of the Florida Legislature, and the legislative landscape is starting to take shape as lawmakers file bills ahead of the March 5 start. Justin Thames, Director of Governmental Affairs, has an exclusive look into several bills that are already drawing attention from the accounting & finance sector.

Also in this edition of the IMPACT Report:

  • Part 3 of our exclusive interview with Florida State Senator Joe Gruters, CPA
  • House Ways and Means Committee Discusses Tax Cut and Jobs Act Impact
  • FICPA Member Kim Dyson Appointed to AICPA Committee
  • Florida Department of Revenue Announces Free Webinar

Sincerely

Justin Thames
Director of Governmental Affairs

Florida CPA/PAC Needs You DONATE ONLINE

Ensuring that the CPA profession has a voice in the 2018 elections is a top priority. The direction of the state has the potential to change dramatically with the entire Cabinet, half of the State Senate and the entire House of Representatives being on this year’s ballot. The Florida CPA/PAC works tirelessly to inform those running for office about the issues most important to our members. In order to be successful, we need your support. The annual fundraising campaign has officially kicked-off and you can do your part by sending in your pledge form that you recently received, making a contribution online or with your FICPA dues.

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: Blockchain, Financial Literacy, & More

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Impact Report 2: Blockchain, Financial Literacy, & More

 

Here at the FICPA Governmental Affairs office, we’re already tracking several pieces of legislation ahead of the beginning of the Florida Legislature’s session on March 5. These include bills on local government business regulations, a new proposal for a Florida Blockchain Working Group, and proposed financial literacy requirements in Florida high schools.

You can read full summaries and watch Justin Thames, Director of Governmental Affairs, explain the implications of these bills online.

Also in this edition of the IMPACT Report:

  • Video update from FICPA Director of Governmental Affairs, Justin Thames
  • Part 2 of our exclusive interview with Florida State Senator Joe Gruters, CPA
  • Revenue Estimating Conference highlights
  • FICPA CEO/President Deborah Curry at the Association of Government Auditors’ Tallahassee chapter
  • Coral Springs Commissioner wins special election

Sincerely

Justin Thames
Director of Governmental Affairs

Florida CPA/PAC Needs You DONATE ONLINE

Ensuring that the CPA profession has a voice in the 2018 elections is a top priority. The direction of the state has the potential to change dramatically with the entire Cabinet, half of the State Senate and the entire House of Representatives being on this year’s ballot. The Florida CPA/PAC works tirelessly to inform those running for office about the issues most important to our members. In order to be successful, we need your support. The annual fundraising campaign has officially kicked-off and you can do your part by sending in your pledge form that you recently received, making a contribution online or with your FICPA dues.

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

Session Week 1: The 2019 Legislative Session is Approaching

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Session Week 1: The 2019 Legislative Session is Approaching

 

As the 2019 legislative session approaches, the FICPA Governmental Affairs team brings you the first edition of the Impact Report – an in-depth update for FICPA members on the legislative and regulatory developments impacting accounting, finance, and business professionals.

In this edition:

-Video update from FICPA Director of Governmental Affairs, Justin Thames
-Exclusive interview with Florida State Senator Joe Gruters, CPA
-FICPA State Tax Committee Annual Department of Revenue Liaison Meeting
-New Governor Builds A New State Budget
-Florida Taxpayer Rights Advocate Report
-State and Local Government Practice Aid
-FICPA Federal Tax Committee Publishes Annual Legislator Tax Guide
-Welcome Florida’s new CPA lawmaker, Representative Mike Caruso

Sincerely

Justin Thames
Director of Governmental Affairs

Florida CPA/PAC Needs You DONATE ONLINE

Ensuring that the CPA profession has a voice in the 2018 elections is a top priority. The direction of the state has the potential to change dramatically with the entire Cabinet, half of the State Senate and the entire House of Representatives being on this year’s ballot. The Florida CPA/PAC works tirelessly to inform those running for office about the issues most important to our members. In order to be successful, we need your support. The annual fundraising campaign has officially kicked-off and you can do your part by sending in your pledge form that you recently received, making a contribution online or with your FICPA dues.

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

Session Week 10: Session Ends in Overtime

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Session Week 10: Session Ends in Overtime

 

Florida’s 2018 Legislative Session ended last week as Governor Rick Scott signed an $88.7 billion budget package into law. The new budget will take effect on July 1, and includes nearly $400 million in school safety initiatives, and an additional $20 million for hurricane-related relief.

The 2018-2019 budget also includes a roughly $180 million tax cut, and language was included that makes the Taxpayer Advocate function more transparently and independently.

FICPA Input Changes Local Government Bills
Amendments to legislation that would alter the deadline & scope of local government audits failed to pass before the end of session. The FICPA was instrumental in providing input on these issues.

Sincerely

Justin Thames
Director of Governmental Affairs

Florida CPA/PAC Needs You DONATE ONLINE

Ensuring that the CPA profession has a voice in the 2018 elections is a top priority. The direction of the state has the potential to change dramatically with the entire Cabinet, half of the State Senate and the entire House of Representatives being on this year’s ballot. The Florida CPA/PAC works tirelessly to inform those running for office about the issues most important to our members. In order to be successful, we need your support. The annual fundraising campaign has officially kicked-off and you can do your part by sending in your pledge form that you recently received, making a contribution online or with your FICPA dues.

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

Session Week 9: $89 Billion Budget Deal Reached

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Session Week 9: $89 Billion Budget Deal Reached

 

The Legislature’s negotiations over the budget continued past the deadline this week, forcing an extension until Sunday. Lawmakers will vote on the budget package on Sunday.

$89 Billion Budget Package Delivered; Local Government Bills Stalled

The budget package included additional funding for Clay Ford Scholarships, as well as appropriations to continue the state’s enforcement of professional licensing regulations.

Financial Literacy, Local Government Bills Run Out of Time

Legislation that would require Florida high schoolers to pass a financial literacy course to graduate stalled in the Legislature once again, and likely won’t be passed by Sunday. Provisions that would require new financial reporting standards for local governments met a similar fate.

 

Read this week’s edition of Impact Report for more legislative and regulatory news from Tallahassee.

Sincerely

Justin Thames
Director of Governmental Affairs

Florida CPA/PAC Needs You DONATE ONLINE

Ensuring that the CPA profession has a voice in the 2018 elections is a top priority. The direction of the state has the potential to change dramatically with the entire Cabinet, half of the State Senate and the entire House of Representatives being on this year’s ballot. The Florida CPA/PAC works tirelessly to inform those running for office about the issues most important to our members. In order to be successful, we need your support. The annual fundraising campaign has officially kicked-off and you can do your part by sending in your pledge form that you recently received, making a contribution online or with your FICPA dues.

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

Session Week 7: Local Audits & Education Requirements

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Session Week 7: Local Audits & Education Requirements

 

As week seven of Florida’s Legislative Session comes to a close, the FICPA Governmental Affairs team continues to follow two bills affecting local government reporting standards and education requirements for Florida high schoolers.

FICPA Testifies Against Local Government Audit Provisions

House Bill 1019 was amended to exclude a provision that would have required statutorily-mandated audits of local governments to be completed within 6 months of the end of the fiscal year. The FICPA previously provided testimony against the bill and advocated for the language to be excluded.

House and Senate Split on Financial Literacy Requirements

House Bill 323 originally proposed making financial literacy education a graduation requirement for high schoolers. The House amended the bill to make the course an optional elective; however, the Senate version continues to propose it as a requirement.

Sincerely

Justin Thames
Director of Governmental Affairs

Florida CPA/PAC Needs You DONATE ONLINE

Ensuring that the CPA profession has a voice in the 2018 elections is a top priority. The direction of the state has the potential to change dramatically with the entire Cabinet, half of the State Senate and the entire House of Representatives being on this year’s ballot. The Florida CPA/PAC works tirelessly to inform those running for office about the issues most important to our members. In order to be successful, we need your support. The annual fundraising campaign has officially kicked-off and you can do your part by sending in your pledge form that you recently received, making a contribution online or with your FICPA dues.

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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