An important statute change takes effect July 1, 2017, that applies to all Virginia licensed CPAs and firms, eliminating the additional 12-month period for renewals.
Beginning July 1, 2017, § 54.1-4413.2. of the Code of Virginia that references the renewal and reinstatement of licenses is changing, thereby eliminating the additional 12-month period for renewals. The Active-Renewal Fee Delinquent status for Virginia CPA licensees and firms will be discontinued.
Once the license goes into Expired status, it will be the responsibility of the licensee or of the firm to reinstate the license. There is a $350 reinstatement fee for individuals and a $500 reinstatement fee for firms. The steps for reinstatement are available at:
If you have any questions, please contact the VBOA at boa@boa.virginia.gov.
