October 27, 2021

In our effort to keep you informed on developments with the Illinois CPA license renewal process, we wanted to make you aware that the Director of the Division of Professional Regulation (DPR) has extended the expiration of Illinois CPA firm licenses from November 30, 2021 to January 31, 2022. The purpose of the firm extension was to ensure that Illinois licensed CPA firms would have a full three months to renew firm licenses. It is anticipated that CPA firm license renewal announcements will be sent on or about November 1, 2021.  The email will be directed to the firm’s primary point of contact for licensure issues.

RECOMMENDATION-It is recommended that upon receiving the firm license renewal notice you renew your firm license early, and here is why. Typically, renewal of the firm licenses is contingent upon the currency of all partners listed on the firm roster. Due to the IT conversion, individual CPA license renewals have been extended to December 31, 2021. Your partners’ individual CPA licenses are in good standing until Dec. 31st regardless if they have renewed, thereby allowing for a more expedient firm renewal process.  After December 31st, your partners’ individual licenses must all be in renewal status in order to renew your firm license.

SUPPLEMENTAL RECORD-We are acutely sensitive to the technical difficulties that you and your colleagues are encountering as a part of the 2021 CPA license renewal process. Our lines of effort have been to provide you with relevant information as well as to provide DPR with information and feedback on difficulties that you are encountering so that the IT developer can resolve glitches and gaps in the newly implemented system.     

ICPAS TAKEWAYS
• IL CPA firm license expirations have been extended to January 31, 2022 by variance
• Firm license renewal notices should be circulated via email on or about November 1, 2021
• Firms are encouraged to renew their firm licenses early to avoid technical issues with the firm renewal portal, or being delayed due to a partner’s individual CPA license not being renewed by December 31, 2021 

We hope that this information is useful and we will continue to keep you informed of developments as they become available.