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As of Monday afternoon, we know that more than 6,000 of our fellow CPAs and accounting professionals in the FICPA have been directly impacted by Hurricane Ian. We are all in this together.

If you have good news you'd like to share about yourself, your firm or your employees and would like to be included in a future edition of CPAs in the Spotlight, please email [email protected].

On Thursday, the IRS issued relief for the entire state of Florida. All counties are included in this relief. Individuals and businesses affected by Hurricane Ian will have until Feb. 15, 2023, to file returns and pay any taxes that were originally due during this period.

The FICPA on Friday sent a letter to IRS Commissioner Charles Rettig thanking the IRS for granting filing relief to citizens in Florida. In that letter, we requested additional guidance with respect to the Sept. 30 deadline for COVID-19 penalty relief.

On Thursday, Sept. 29, 2022, the White House declared Hurricane Ian a Major Disaster, which releases additional aid to named counties and automatically extends tax-filing deadlines to the later of the original deadline or 60 days from the declaration date, which is Tuesday, Nov. 22, 2022.

Victims of Hurricane Ian that began September 23 in Florida now have until February 15, 2023, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.

The latest AICPA Town Hall features discussions on ecosystem and innovation, tax automation and outsourcing, client advisor services (CAS) enabled-AI and spend management, emerging service line: digital asset solutions, and audit and assurance advancements.

Republican members of the U.S. Senate Finance Committee and House Ways and Means Committee have signed onto a letter urging the Treasury and IRS to grant an extension of the upcoming Sept. 30 deadline related to COVID-19 penalty relief.

While our service departments will be on break during the storm, please know that our executive staff and advocacy team will remain hard at work, securing necessary relief for our members and their clients.

This afternoon, Gov. DeSantis issued Executive Order Number 22- 218 declaring a state of emergency for multiple counties in Florida. The FICPA is actively monitoring all federal and state agency information regarding Hurricane Ian.

The latest AICPA Town Hall features a D.C. & profession update, technical updates, a discussion with strategic futurist Nancy Giordano, a digital assets overview, and an open forum and closing remarks.

In the latest edition of his Federal Tax Update podcast, Ed Zollars addresses the appearance of the new PPP loan tax guidance. Listen to the show.