So You Want to Take Your Florida CPA License on a Siesta? Sun's Out, License on Hold
Ah, Florida. The Sunshine State, land of beaches, theme parks, and...strict regulations for CPAs, even when they want a break! But fear not, weary number cruncher, there is a way to put your Florida CPA license on hold and catch some metaphorical rays on the professional beach.
How Do I Make My Florida Cpa License Inactive |
Donning Your Flip Flops: The Process of Inactivation
Making your Florida CPA license inactive is pretty straightforward, but there are a few things to keep in mind:
- It's Not Like Flipping a Switch: You can't just decide one day, "Beach time!" and be done with it. You'll need to fill out a special application with the Florida Department of Business and Professional Regulation. Think of it like applying for a vacation - gotta do the paperwork first.
- There Might Be a Fee: Unless you're applying during your regular renewal period, there's a $50 change of status fee. That's basically the cost of a fancy umbrella drink, so not too shabby.
- Say Goodbye to Public Accounting: While your license is inactive, you can't hold yourself out as a CPA or practice public accounting in Florida. Think of it as a time to focus on building sandcastles (metaphorically, of course).
Renewal Revelations: Keeping Your Inactive License Alive
Even though your license is chilling out, it still needs some TLC. You'll have to renew your inactive status every two years, just like a regular renewal. Think of it as sunscreen for your professional standing.
Tip: Read at your own pace, not too fast.
Reactivation Rhapsody: Waking Up Your Sleeping License
So you've had your fill of relaxation and are ready to dive back into the world of debits and credits? You can reactivate your license by applying to the department again. There might be some continuing education requirements depending on how long your license has been inactive, but hey, a little refresher never hurt anyone!
Frequently Asked Questions (FAQ) for the Beach-Bound CPA
How to apply for inactive status for my Florida CPA license?
Tip: Keep the flow, don’t jump randomly.
Head over to the Florida Department of Business and Professional Regulation's licensing portal and fill out the Change of Status - Active to Inactive (CILB 14) application.
How much does it cost to make my Florida CPA license inactive?
Tip: Read the whole thing before forming an opinion.
There's a $50 fee if you're applying outside your regular renewal period.
Can I practice public accounting in Florida while my license is inactive?
Tip: Make mental notes as you go.
Nope! While your license is inactive, you cannot use the CPA designation or offer public accounting services.
Do I have to renew my inactive CPA license?
Yes, you'll need to renew your inactive status every two years.
How do I reactivate my inactive Florida CPA license?
Just like applying for inactive status, you'll need to fill out another application with the department. There might be some continuing education requirements depending on how long your license has been inactive.