In the January newsletter and March blog CTEC announced it would be increasing the registration fee from $25 to $35 and the late fee from $13 to $15. However, due to the fragile economy the board decided NOT to increase the registration fee. The registration fee will remain at $25. The late fee, however, will increase from $13 to $15. The new late fee takes effect November 1, 2009. You may recall the original reason behind the fee increase was so CTEC could provide additional funding for its public awareness campaign and still keep enforcement at its current level. Public awareness and enforcement will continue to be top priorities, but considering the economic downturn, the board decided an increase in the registration fee would create a financial hardship on professional tax preparers. As a result, public awareness will not get additional funds for its 2009/2010 advertising campaign. The board will review the registration fee issue next year and will provide sufficient notice should an increase become necessary. |
