We have good news for all you California CPA Exam Candidates gearing up to become CPAs!
Given the efficiencies with which the CBA has been operating, our healthy reserve fund (~15.5 Million) enables us to reduce fees, said CBA President Sally Anderson. With the present economic environment, this is certainly a good time to do so.
How does it affect you?
- Youre a CPA or accounting firm approved for licensure AFTER June 30, 2011: You are eligible for the reduction of the initial licensing fee of either $120 or $60, depending on when the license is issued.
- Youre an existing CPA or accounting firm and your license expires after June 30, 2011: You will pay a reduced fee of $120 every other year.
While some of you may be thinking $40 a year is merely chump change, its rare that any state agency proposes to reduce its fees. So, enjoy your slightly thicker wallet and be happy that its not an increase!