N.H. Admin. Code § Ac 401.06 - Inactive Status Designation

(a) A CPA or PA who does not intend to practice accounting but who, at a later date, might wish to re-enter practice, may apply to the board for permission to enter inactive status. Such status shall allow the applicant to continue to use the CPA or PA designation provided that the full word 'Inactive' appears immediately after the letter 'A' or word 'accountant' in their title.

(b) A CPA or PA seeking permission to use the inactive status designation shall submit the following on or with an Application for Inactive Status Form:

(1) The applicant's certificate number as issued by the board upon initial certification;

(2) The name of applicant, including any previous names under which the applicant held certification or registration;

(3) The applicant's complete mailing address;

(4) The applicant's complete business address;

(5) The applicant's home and work telephone number;

(6) The applicant's e-mail address;

(7) A statement indicating that, at the time application is made, the applicant does not intend to practice public accounting during the next 3 years;

(8) A statement indicating that he or she will neither hold himself or herself out as a currently practicing CPA or PA nor knowingly allow anyone else to do so;

(9) A statement indicating that, should the applicant's intentions change, he or she shall notify the board at least 30 days prior to the proposed date of re-entry into practice;

(10) A statement indicating that the applicant agrees before actually re-entering practice to satisfy all CPE requirements that would have been applicable had the applicant remained active in practice, up to a maximum of 120 hours;

(11) The fee of $275; and

(12) The applicant's signature, attesting that the information contained in the application is true and correct to the best of the applicant's knowledge and belief.

(c) The board shall grant the application for inactive status if it determines that the application is complete and the fee paid.

(d) The CPA or PA whose application has been granted may use the inactive status designation for the 3 years during which his or her renewal would have been effective. If the CPA or PA wishes to remain on inactive status after such 3 year period, he or she shall comply with (a) and (b) above and the board shall grant such applications pursuant to (c) above.

Notes

N.H. Admin. Code § Ac 401.06

#9051, eff 12-27-07; amd by #10054, eff 1-1-12

Amended by Volume XXXV Number 01, Filed January 8, 2015, Proposed by #10746, Effective 1/1/2015, Expires1/1/2025.