Texas State Board of Public Accountancy office renewal notice

Document Sample
Texas State Board of Public Accountancy office renewal notice Powered By Docstoc
					                                                            Texas State Board of Public Accountancy    1
                                                                                                            The fee(s), the original Office Renewal Notice,
                                                                  office renewal notice instructions        Firm Organization Worksheet, and the Office/
Complete the renewal in the order specified by
the numbers.                                                                                                Member List must be postmarked on or before
                                                                                                            the due date on the license notice to avoid a late
                                                                                                            penalty. If postmarked after the due date, and the
                                                                                                            late penalty is not included, the renewal and fee
                                                                                                            will not be processed, and both the fee and the
The license will be issued for the license period                                                           renewal will be returned.
shown. The License ID number must be written
on the payment and all attachments.
                                                       5
                                                                                                       2
                                                                                                            Use the due date to determine the total fees due.

Carefully review the address and phone number.
Enter corrections in the area below. To expedite
mail delivery, enter your full 9‑digit zip code.                                                       3
Enter your email address in the space provided.                                                             The main office of a firm will receive one copy of
                                                       6                                                    the Firm Organization Worksheet. This main
                                                                                                            office will:
                                                                                                            •        Complete the worksheet to determine the
                                                                                                                     firm organization fee due.
In this area indicate changes to the information                                                            •        Enter the total amount calculated on the
preprinted above.                                                                                                    worksheet for the firm organization fee.
                                                                                                                     (This is the amount on the TOTAL ALL
                                                       7                                                             LICENSE PERIODS line, column E.)
                                                                                                            •        Return the Firm Organization Worksheet
                                                                                                                     with the completed renewal.
                                                                                                            (If a firm has multiple offices, the offices that
                                                                                                            are not designated as the “Main” office will
                                                        8                                                   enter zero for the firm organization fee due.
This area must be completed by the main office
of the firm. A firm that has not enrolled in a peer
review program and has not claimed an exemption
must contact a sponsoring organization and                                                             4
schedule a review date. Incomplete reporting may                                                            Sum the license fees and penalties and the firm
result in the rejection of the Office Renewal Notice                                                        organization fee. Enter this amount as the total
and a subsequent delay in issuing the license,                                                              fees due for this office.
which may then subject the firm to penalties
and/or complaints. Upon completion of the peer
review and receipt of the final letter of acceptance
(FLOA), the firm must send a copy of all required
documents to the Board, not to the sponsoring                                                          9
organization, within 10 days of receipt.
                                                                                                            Note the RENEWAL MONTH that has been
                                                                                                            assigned to your firm. Return this renewal by
A firm performing any of the following services is
                                                                                                            the “DUE BY” date.
required to undergo a peer review: financial state‑
ments, audits, reviews, compilations, special                        The Board’s Rules can be               Future renewals will be due by the end of the
reports (such as bank directors’ examinations,
completed statements on forms, etc.) Compilations                  viewed by visiting the Board’s           RENEWAL MONTH assigned to your firm. As
include financial statements prepared as a result                           web site at                     an example, if the RENEWAL MONTH
                                                                                                            a s s i g n e d i s APRIL, f u t u r e r e n e w a l s w i l l
of other services such as, bookkeeping (either
computer or handposted), personal financial                            www.tsbpa.state.tx.us                b e d u e b y t h e e n d o f APRIL.
planning, etc. A firm that does not perform any of
the above services may claim an exemption.




                                                                                                            WEB SITE:
                                                                                                             www.tsbpa.state.tx.us
Include the firm license ID number on all of these
attachments.                                                                                                E‑MAIL:
                                                       10                                                     licensing@tsbpa.state.tx.us



                                                                                                       11
                                                                                                            If the professional corporation, limited liability
                                                                                                            company (LLC), partnership, registered limited
                                                                                                            liability partnership (RLLP), or sole proprietorship
                                                                                                            has dissolved, mark “yes” and provide the date of
                                                                                                            dissolution. If this office has dissolved mark “yes”
                                                   12                                                       and provide the date of dissolution.
A professional corporation, limited liability
company (LLC), partnership, or registered
limited liability partnership (RLLP) name change
requires a new firm registration form and an office
registration form for each office. (If a corporation                                                   13
or partnership changes to a LLC or RLLP, a new                                                              Indicate in this space any corrections to the sole
registration form must be completed.)                                                                       proprietorship name.
Indicate any changes on the Office Renewal
Notice and call or write the Board office for new
registration forms. Application forms can be
downloaded from the Board’s website.

                                                     14
This area must be completed by a corporate
officer, partner, sole proprietor, or resident                                                         15
manager in charge of the office. Each firm must                                                             A partner, corporate officer, sole proprietor, or
respond to the Affidavit of Firm question before                                                            resident manager must sign the renewal on behalf
a license will be issued. If the answer to the first                                                        of the firm. The Office Renewal Notice will not be
question is “yes”, complete the enclosed affidavit                                                          processed and a license will not be issued if this
and attach sufficient factual documentation for the                                                         form is not signed.
Board to determine if further action is required.
If the answer is “no” the enclosed affidavit does
not need to be returned.

The documentation must show any civil action
involving the firm as a defendant, including the
date and the amount of the penalty.                                                                    17
                                                                                                            The Office Member List indicates the offices of the
                                                                                                            firm and the partner, officer, director, shareholder,
                                                       16                                                   or sole proprietor associated with each office
The attached Office Member List must be up‑                                                                 currently registered with the Board. Review the
dated and returned with the Office Renewal                                                                  information carefully.
Notice. A license will not be issued to an office
until all information and the appropriate fees                                                              If it is correct, sign and date it in the appropriate
are received for every office and all members                                                               space and return it with the Office Renewal
associated with the firm.                                                                                   Notice. Indicate any additions or corrections to
                                                                                                            the information.
                                                         Texas State Board of Public Accountancy
                                                             firM orGaniZation fee worKsHeet instructions

                                              All firms must return a completed worksheet to the Board


                                                                                                                                       Complete the worksheet in the order specified
                                                                                                                                       by the numbers. Only firms with a Texas
                                                                                                                                       address/office need to complete the
                                                                                                                                       FIRM ORGANIZATION WORKSHEET
For each license period printed, a fee
calculation must be completed. Refer to Board
Rule 521.13 Firm License Fees printed below
for the definition of the following:                                                                                              1
                                                                                                                                        The FIRM ORGANIZATION FEE
                                                                                                                                        WORKSHEET will be used to facilitate the
         CPA employees in Texas
                                                                                                                                        collection of an additional fee required for
         Non‑CPA owners in Texas
                                                                                                                                        licensing a firm. Each firm will receive one
         additional fee
                                                                                                                                        FIRM ORGANIZATION FEE WORKSHEET,
                                                                                                                                        although a firm that has more than one office
As shown in the example,
                                                                                                                                        will receive a renewal notice for each office. The
•   Enter the count of CPA employees in            2                                                                                    FIRM ORGANIZATION FEE WORKSHEET
    column B.
                                                                                                                                        will be printed for the MAIN OFFICE only.
•   Enter the count of non CPA owners in           3
    column B.

•   Enter the sum of the individual counts in      4
    column B.

•   Refer to the chart shown in Rule 521.13
    printed below to find the entry with a range
    of employees that matches the total that                                                                                      7
    you calculated.                                                                                                                    Enter the calculated firm organization fee due
                                                                                                                                       for all license periods (column E) on the front of
•   Enter this additional fee that will be paid    5                                                                                   the Office Renewal Notice.
    per individual in column C.

•   Multiply the total individual count by the
    additional fee and then by the rate printed in
    column D. (B x C x D = E) Enter the result in
    column E. This is the firm organization        6
    fee due for this license period.

•   Enter the firm organization fee due for all
    license periods in column E at the bottom of
    the form.
                                                                                                                                 8
                                                                                                                                      Complete the affidavit on the back of the Firm
                                                                                                                                      Organization Fee Worksheet.
      Notice to Firms with
    Non-CPA Owners in Texas
Non‑CPA owners of a public accountancy firm
in Texas who reside in Texas must register
with the Board and meet the requirements in
Section 513.11, Qualifications for Non‑CPA
                                                                                                                                                         NOTICE
                                                                                                                                      You are providing information on this form.
Owners of Firm License Holders, for the firm to
                                                                                                                                      Upon written request you are entitled to be
be issued a license. If your firm has previously
                                                                                                                                      informed about information the Board has
registered non-CPA owners with the Board, a
                                                                                                                                      collected about you. For a copying fee, you are
NON‑CPA OWNERS LIST is included in your
                                                                                                                                      entitled to receive copies of this informa-
renewal package. The information requested
                                                                                                                                      tion. At no charge, you are entitled to make an
about each non-CPA owner must be provided.
                                                                                                                                      appointment to review this information at the
If there are non‑CPA owners of your firm that
                                                                                                                                      Board’s offices. At no charge, you are entitled to
have not been registered with the board, an
                                                                                                                                      have erroneous information corrected. Refer to
APPLICATION FOR NON‑CPA OWNER OF A
                                                                                                                                      the Board’s web site for further details.
FIRM IN TEXAS must be completed. This
form is available on the Board’s web site. The
completed NON‑CPA OWNER LIST and all
applications must be returned with the license
renewal package to the Board.




           To receive a license, firms must pay an additional fee based on the total number of CPA employees and non‑CPA owners of the firm in Texas.
           This fee is called the firm organization fee, and is defined by Board Rule 521.13.

           Rule 521.13 Firm License Fee.
           (a) The fee for a firm license shall be $50 for each office of the firm in Texas plus the fee required by section (b) of this section, if any.
           (b) A firm shall pay an additional fee based on the number of CPAs employed at the firm in Texas plus the number of non‑CPA owners of the
               firm in Texas, in accordance with the following chart:
                                                          Total number of CPAs            Fee per each CPA
                                                       CPA employees and non-CPA        employee and non-CPA
                                                         owners in all offices in              owner
                                                                  Texas
                                                                   1-5                             $0.00
                                                                   6-9                            $15.00
                                                                  10 - 49                         $20.00
                                                                  50 - 99                         $25.00
                                                                 100 - 249                        $25.00
                                                               250 or more                        $25.00
            (c) A firm “employs” a CPA within the meaning of this rule when:
            (1) a CPA is a partner, owner, member, shareholder, or employee of the firm;
            (2) a CPA works at the firm, either temporarily or long term, under a lease agreement or contract with any other entity, including but not limited
                to personnel staffing agencies or service companies affiliated with the firm;
            (3) a CPA works at the firm on anything less than a full time basis;
            (4) a CPA has any of the relationships described in paragraphs (1)‑(3) of this subsection with an entity that is a partner, owner, member,
                shareholder of the firm; or
            (5) a CPA has any of the relationships described in paragraphs (1)‑(3) of this subsection with an entity affiliated with the firm and that CPA
                participates in performing professional services for clients of the firm.
            (d) Each firm shall certify to the board the highest number of CPAs it employs within the meaning of the rule during the 30 days prior to filing its
                application. Each CPA should be counted only once, even if he or she has more than one relationship as described in paragraphs (1)‑(5) of
                subsection (c).
            (e) If a firm is required to be licensed in Texas but has no office in Texas, the fee shall be $50 plus the fee required by subsection (b), of this
                section, if any.
            (f) Firm license fees shall not be prorated or refunded.
            (g) A firm whose license has been expired for 90 days or less may renew the license by paying the board a penalty of $150.00 in addition
                to the license fee required to be paid under subsections (a), (b) and (c) of this section.
            (h) A firm whose license has been expired for more than 90 days may renew the license by paying the board a penalty of $250.00 in addition
                to the license fee required to be paid under subsections (a), (b) and (c) of this section.