NJ State Board Proposes Increase to License Fees
By Jeffrey Kaszerman, NJCPA Government Relations Director –
August 17, 2017
The New Jersey State Board of Accountancy voted to approve the following increases in licensing fees:
- Increase the initial license fee for CPAs and RMAs during the first year of a triennial period from $90 to $135, during the second year of a triennial period from $60 to $90, and during the third year of a triennial period from $30 to $45.
- Increase the fee for an accounting firm license from $90 to $135 during the first year of a triennial period, from $60 to $90 in the second year of a triennial period, and from $30 to $45 in the third year of a triennial period.
- Increase the renewal fee for licensed CPAs, public accountants and RMAs from $90.00 to $135 and for firm registrations from $90 to $135.
- Increase the initial and renewal license fees for public school accountants from $50 to $75.
- Increase the initial fee and renewal fee for continuing education sponsors from $100 to $150.
- Increase the inactive (paid) status renewal fee from $45 to $60.
The board notes that its fees have not been increased since 1999. Consequently, it says, an increase in fees is now necessary to ensure that the board will generate sufficient funds to cover its expenses for the next triennial renewal period.
The proposal has been published in the New Jersey Register and is open for public comment until October 6.