💬 Join us to post & get advice from 50,000 HOA & Condo leaders.

Create Free Account →

⚡ Takes 30 seconds

Already a member? Log in

BonnieG1 (Nebraska)
Posts: 1,186
Posted:
Does anyone know the fee to renew a CPA license in the state of Nebraska? The retired bookkeeper who refused the contract had said he could not call himself a CPA becsuse he had not renewed his license. He gave a price of $5,000.00 (I heard this myself) to renew the CPA license.
SteveM9 (Massachusetts)
Posts: 3,699
Posted:
Why do you need a CPA? Cant he just be your bookeeper without a CPA license?
BonnieG1 (Nebraska)
Posts: 1,186
Posted:
He just mentioned that he had CPA experience but had not kept up his license. He was just being considered for a bookkeeper.
AnnJ1 (Florida)
Posts: 122
Posted:
Hi Bonnie,

There are approximately five states that have a two-tier system for renewal of a CPA license. Nebraska and Florida are two of which I am aware.

Not only is a fee required for the actual license "renewal" but the applicant must also show proof of meeting the "Continuing Professional Education" (CPE) requirements and it may require courses in ethical behavior. The actual license fee would be in the 100's of dollars. If the requirements for CPE's was 100 or so hours every 2 years, the cost for the courses/seminars/lectures etc. could very easily run up to a total of $5,000 (even more)

Additionally, had this person let his CPA license expire for a considrable period of time, there could be a need for re-instatement fees and the CPE requirements could be substantially higher. You might want to check this out at your state licensing website.

Having said all that.... A position for a HOA "bookkeeper" should certainly not require CPA credentialing, IMHO.

HTH,
Ann
BonnieG1 (Nebraska)
Posts: 1,186
Posted:
Thanks, you information has been helpful.

🎯 You've read this entire discussion

Join the conversation with 50,000 HOA & Condo Leaders:

  • ✓ Ask follow-up questions
  • ✓ Share your experience
  • ✓ Get expert advice
  • ✓ Access 350,000 discussions
Create Free Account →

⚡ Takes 30 seconds

Already a member? Log in here