State Board of Accountancy Fee Changes

The Board approved fee changes in response to the passage of House Bill 7 (HB 7) by the 84th Texas Legislature. Effective September 1, 2015, HB 7 will eliminate the annual $200 fee for accountants and other licensed professionals in Texas. For most Texas CPAs, your license fees will be reduced by $191 in the coming year. The new renewal fee will be $66 which includes $56 to fund the operations of the Board, and $10 to the fifth-year accounting students’ scholarship trust account. The 84th Texas Legislature eliminated the $200 professional fee after September 1, 2015. However, renewal fee charges accrued prior to September 1, 2015 will continue to include the $200.

The Board will also be impacted by HB 7 and expects a revenue reduction from late payment fees, which are based on the total license fee. The Board also anticipates revenue reductions as a result of the projected number of retiring licensees, as well as CPA Exam expenditures exceeding revenue. As a result of the Board’s projected revenue, expenditures, and fund balances, modest fee increases are necessary to maintain the same level of operations for Texas licensees. Effective September 1, 2015:

  • Professional fee will decrease from $200 to $0
  • Professional fee exemption will no longer be necessary
  • Individual license fee will increase from $57 to $66
  • Firm license fee will increase from $50 to $60 per office
  • Firm organization fee for firms with 2 to 5 CPA employees and non-CPA owners will increase from $0 to $10 per individual count
  • Out-of-state firms will be subject to the organization fee based on their count of CPAs and non-CPA owners in their home state of registration
  • No changes to firm organization fees with six or more CPAs or non CPA owners

Effective October 1, 2015:

  • Retired/disabled fee will increase from $10 to $15
  • Exam application of intent fee will increase from $50 to $60

The Board is self-sustaining. All direct and indirect costs must be paid from what it collects in license renewal fees, firm registrations, exam fees, sponsor registrations, and other collections.

TEXAS STATE BOARD OF PUBLIC ACCOUNTANCY

 

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