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Read a few of the most recent posts:
Inflation Reduction Act Signed into Law
After months of negotiations, federal lawmakers voted along party lines to enact H.R. 5376, the Inflation Reduction Act. The bill…
CPA Firm Succession Planning: What Are Your Options?
by Michael R. Gillis, CPA, PFS, CGMS, Managing Partner, DMJ & Co., PLLC As part of providing great service, CPAs…
GLS Blog: Proposed Ethics Revisions: Loans, acquisitions, and other transactions
The AICPA has issued a proposal to update key terminology and certain ethics interpretations to better align with changes made…
GLS Blog: Proposed Changes to Peer Review
The AICPA has issued a proposal to make updates to the Peer Review standards. The changes are primarily formatting to…
Succession—There is Still Time
By Ben Hamrick, CPA Many would say that CPA firm succession is one of the most significant issues facing the…
GLS Blog: Q3 2021 In Review
This week’s GLS blog addresses the final standards that were issued by the AICPA, FASB and GASB in the third…
Tips for working with first-time single audit clients
The U.S. has seen historic levels of federal funding in response to the COVID-19 pandemic. Various laws, including the CARES…
GLS Blog: Ethics Revised Exposure draft: Unpaid Fees
The AICPA’s Professional Ethics Executive Committee (PEEC) has issued a proposal to revise the rules around unpaid fees. The current…
GLS Blog: Ethics Exposure Draft: Accounting Standards Implementation Services
The AICPA has issued a proposed ethics interpretation to help CPAs understand to what extent they can assist clients with…
GLS Blog: FASB Proposal: Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions
FASB has issued a proposed ASU addressing the accounting for investments in equity securities measured at fair value that are…
GLS Blog: IFR4NPO Consultation Paper – Part 2
This week’s blog addresses part 2 of the IFR4NPO Consultation Paper. The second part of the paper focuses on NFP…
GLS Blog: AICPA Survey on New CPA Exam
The AICPA is in the process of updating the CPA exam and is looking for CPAs to give them feedback…
12 Technology Terms Every CPA Should Know
Reprinted with permission of the Indiana CPA Society The one constant of technology is that it’s always changing. Keeping up with…
GLS Blog: AICPA Fraud Risk Frameworks
The AICPA has provided a Fraud Risk Framework document to help CPAs and their clients visualize the types of fraud…
GLS Blog: TQA for New COVID19 Funds
The AICPA has issued a TQA addressing questions about how for profit and nonprofit entities account for the new restaurant…
GLS Blog: GASB: Re-exposure Notes to Financial Statements
Governmental Accounting Standards Board (GASB) issued a REVISED exposure draft regarding Notes to the Financial Statements. This is in preparation…
GLS Blog: FASB’s Agenda Consultation
Have you ever wanted to influence the topics that FASB covers in its standard setting? Well, now here’s your chance….
Meet Melisa Galasso: The Person Behind the Professional
In case you missed it, NCACPA is partnering with Galasso Learning Solutions to deliver weekly vlogs (video blogs) covering the…
Meet Melisa Galasso
NCACPA is partnering with Galasso Learning Solutions to deliver weekly vlogs (video blogs) covering the latest developments in accounting and…
GLS Blog: FASB ED: Discount Rate for Nonpublic Lessees
FASB has issued an exposure draft regarding the use of the discount rate alternative offered to nonpublic entities. After receiving…
GLS Blog: Accounting Changes and Error Corrections
GASB has issued an exposure draft, Accounting Changes and Error Corrections an amendment of GASB Statement No. 62, to update…
Podcast | 4-26-2021
This week’s podcast focuses on the following items: A quick discussion of what know (little) and don’t know (a lot)…
GLS Blog: ASU 2021-03 Issued
On March 30th, the FASB issued ASU 2021-03, Accounting Alternative for Evaluating Triggering Events. The ASU provides an accounting alternative…
GLS Blog: Q1 2021 in Review
The first quarter of 2021 is a wrap. It was a light quarter for standard setting and given everything else…
GLS Blog: Third Party Assessments
The AICPA has issued a Technical Q&A to address common questions regarding what qualifies as a third party assessment and…
NCACPA CEO, Sharon Bryson, featured on WRAL
Today marks the one year anniversary of NCACPA transitioning to a fully remote work environment. As we look ahead to…
GLS Blog: Proposed NOCLAR Ethics Interpretation
The AICPA’s Professional Ethics Executive Committee (PEEC) has issued an updated proposal around reporting noncompliance with laws and regulations (NOCLAR)….
GLS Blog: Proposed NOCLAR SAS
The AICPA issued a very narrow proposal to add a new requirement for successor auditors to discuss suspected fraud and…
Free March PCPS Tool: Small Firm Philosophy Podcast
How did 2020 small firm net revenue compare to 2019? How are small firms adjusting their real estate footprint post-COVID?…
Celebrate International Women’s Day with NCACPA!
Today, March 8, marks International Women’s Day (IWD), where people around the world celebrate the social, financial, cultural, and political…
GLS Blog: Quality Management Proposal: Part 3
The final video blog in our QM series addresses the proposed audit standard. The audit standard assists the engagement team…
New & Enhanced Connect Features
On Monday, February 22, NCACPA’s Connect platform underwent a scheduled update. As a result of this maintenance, we want to…
GLS Blog: Quality Management Proposal: Part 2
This week’s video blog continues with the discussion of the AICPA’s proposed changes to Quality Management. SQMS 2 addresses the…
Black CPA Creates Course to Teach Teens & Children How to Stop Generational Poverty
Meet Michael Charles Pridgeon, a Certified Public Accountant (CPA) that is the visionary of Break the Cycle, a program that…
GLS Blog: Quality Management Proposal: Part 1
The AICPA issued three new proposals related to quality management. The new SQM Standards will replace the extant quality control…
GLS Blog: PEEC 2021 Temporary Enforcement Policy
The AICPA’s Professional Ethics Executive Committee (PEEC) has issued a Temporary Policy Statement regarding the recent changes by the SEC…
GLS Blog: The Future of Jobs Report
The World Economic Forum has released its 2020 Future of Jobs Report which looks at the impact of technology on…
NCACPA Needs Financial Literacy Volunteers!
In July 2019, North Carolina passed House Bill 924 which mandates an economics and personal finance (EPF) course. Beginning with…
How a Fractional CFO Could Transform Your Small Business
By Sandra Finerghty, Supporting Strategies Small business owners can get the benefit of high-level financial guidance without making a full-time…
GLS Blog: Professional Ethics Strategy & Work Plan for 2021-2023
In 2019, the AICPA issued a consultation paper for feedback on the projects PEEC should address. After evaluating feedback, PEEC…
GLS Blog: Goodwill Impairment Proposal
Goodwill Impairment Proposal FASB has issued a proposal to adjust the timing for when private entities and nonprofits would be…
Honoring MLK Day
DID YOU KNOW? MLK Day is the only federal holiday designated as a national day of service. Join us in…
New Covid-19 Tax Law…Discovering Some Hidden Gems!
By Rick Meyer, CPA, MBA, MST As we start the New Year, hopefully fresh from all the tax drama, we…
Improving the Workplace
By Chris Word, CPA In the wake of the recent social unrest, it is easy to assume the answer…
Email Inbox Out of Control? Establish Rules
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How We’re Helping Our Employees Cope With the Grief & Loss of the Pandemic
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Remote Work is Here to Stay
By Sandra Finerghty, Supporting Strategies What is the future of remote work? Many businesses weren’t ready when COVID-19 forced them…
The Craziest Work-From-Home Expenses of 2020
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The Best Ways To Collaborate With Office Documents
Thomas G. Stephens, Jr., CPA, CITP, CGMA Collaboration is more important today than it ever has been. With many team…
Comfort with the Uncomfortable: CFO Leadership
Michael F. De Stefano, CPA Recently I had a conversation with a coworker about professional development to help them prepare…
Attention to Detail: Managing Expenses for New Business Owners
There’s always an element of uncertainty in starting a new business. You’re always wondering if the risk element is too…
Career Path & Progression Options for CPAs
By Benjamin Aspir, CPA, MST, EisnerAmper Today’s CPAs can pursue many different career paths. While many CPAs work in business…
The Importance of CRM to Manage & Grow Your Business
By Randy Johnston and Sam Saab Higher client expectations and economic demands are causing firms of all sizes to re-evaluate…
The Top 100 People: 20 Lessons Learned From COVID-19
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5 Technology Resolutions for 2021
By Thomas G. Stephens, Jr., CPA, CITP, CGMA For many, the Holiday Season is a time to look back and…
Key Insights From CPA Firms for Tax Season 2021
2020 tax season has been the most intimidating one in many years. It taught us lessons that we should now…
2021 Plan Limits; SECURE Act Guidance; Distributions to State Unclaimed Property Funds; Terminating a 403(b) Plan
2021 Retirement Plan Limits The IRS released Notice 2020-79 [PDF] to provide for cost-of-living adjustments to dollar limitations for retirement…
5 Performance Management Tools
The process of setting up an environment of motivation in an organization, where employees and managers are reviewing themselves regularly,…
Navigating the 2020 Election Outcome with Your Employees
By Jackie Ferguson The election is finally over and we have a new president….or the same president. Maybe it’s still…
6 Ways to Help Staff Get Through the CPA Exam Process
By Jessica L. Levin, Seven Degrees LLC The CPA Exam. What used to be a fundamental part of working in…
Virtual Interviewing: A Message From SOAR
By the Student Outreach, Advancement, and Recruitment (SOAR) Committee The world as we know it has changed. The impacts of…
A New Internet Domain for the Accounting Profession: .cpa
By Erik Asgeirsson, President and CEO of CPA.com This past year has further emphasized the importance of thinking strategically about…
Networking is More Important Now Than Ever
By Eileen Monesson, CPC, PRCounts By the time the coronavirus pandemic hit, we were full swing into networking season. Most…
Tax Jobs That Pay Great Career Dividends
Tax season is when millions of people and organizations turn to the expertise of professionals such as tax preparers, tax…
CPA Sisters Launch Daily Details Business in Charlotte
The Daily Details was founded by Nicole and Kiri, two sisters who worked as CPAs in Uptown, Charlotte. They dreamt…
Women’s Equality Day… & Voting!
Women’s Equality Day, celebrated annually on August 26, marks the anniversary of the ratification of the 19th Amendment which granted…
Longer Hours, More Emails, & Shorter Meetings—Working from Home in the time of COVID
By Andy Dunn, Writer, Formative Content Employees based at home during COVID-19 lockdowns have seen the length of their working days…
Artful Account Rebalancing
By David Tepp, CPA, PFS, MBA, Tepp Financial Planning One surefire way to initiate an awkward discussion with a client…
What Taxpayers Need to Know About the Home Office Deduction
The home office deduction allows qualifying taxpayers to deduct certain home expenses on their tax return. With more people working…
Minding the Other Pandemic
Amid the threat of COVID-19, CPAs could be facing another health crisis: a mental one. By Bridget McCrea By now,…
Tips for Managing Your Mortgage During the COVID-19 Pandemic
For most homeowners, their mortgage is their biggest monthly expense. But job losses around the country are hammering people’s finances,…
Meet the Chair: Kelli Knoble, CPA
By Carly Rutledge Due to social distancing requirements, this year’s “Meet the Chair” interview was a bit unconventional. With…
4 Ways to Manage Financial Stress
Money is one of the biggest stressors in many American’s lives. A 2017 AICPA survey found that 56% of…
Strategies for CPAs to Encourage Positive Changes in Diversity
By Ken Tysiac The racial injustice taking place throughout the United States has hit home hard for members of the…
Top 3 NCACPA Questions Answered
Following NCACPA’s Annual Business Meeting and Focus on the Profession session, we were delighted by the influx of positive input…
PCPS Diversity & Inclusion Toolkit
Efforts to improve diversity and inclusion really do make a difference. McKinsey found that companies in the top quartile for…
Career Path & Progression Options for CPAs
By Benjamin Aspir, CPA, MST, EisnerAmper Today’s CPAs can pursue many different career paths. While many CPAs work in…
U.S. Businesses Must Take Meaningful Action Against Racism
By Laura Morgan Roberts and Ella F. Washington The United States is in crisis. As we write this article, videos of racial…
The Auditor’s Role in Internal Controls
By Donald J. Kaiser, CPA, McCarthy & Company, PC Internal controls are among the most important anti-fraud controls that…
7 Tips for Accountants on How to Manage Cybersecurity Threats
By Brad Smith Accountants have access to very sensitive data, which includes information such as credit card numbers, bank details,…
Podcast | 5-11-2020
This week’s podcast focuses on the following items: IRS changes its guidance on the payment of health insurance only and…
Podcast | 5-4-2020
This week’s podcast focuses on the following items: PPP loan updates on corporate groups, businesses sold after February 15, 2020,…
Meet Our First Legacy Scholar Elwood Walker
A native of Eden, NC, Elwood Walker earned his undergraduate degree from UNC-Chapel Hill and master’s degree from Duke University….
Why the Coronavirus Lockdown is Making the Internet Stronger Than Ever
By Will Douglas Heaven Far from breaking it, the surge in usage the internet is seeing right now is driving…
Podcast | 4-27-2020
This week’s podcast focuses on the following items: PPP Loan program and EIDL Grants Get Additional Funding PPP guidance raises…
Podcast | 4-20-2020
This week’s podcast focuses on the following items: SBA issues guidance on self-employed taxpayers and partners for PPP loan program…
How to Plan a Successful Business Succession
By Sandra Finerghty, Supporting Strategies It’s not surprising that many new business owners devote little thought to their exit strategy….
Podcast | 4-6-2020
This week’s podcast focuses on the following items: Recovery Rebate for Individuals, Including Advance Payment Deferral of the Required Minimum…
Ethical Leadership at a Time of Crisis
By Bryony Clear Hill COVID-19 is presenting the world with an unprecedented crisis. Millions of people are concerned for their…
Podcast | 3-30-2020
This week’s podcast focuses on the following items: Payroll tax credit starts on April 1. IRS reverses courses, announces gift/GSTT…
Celebrating HERstory
By Carly Rutledge While many of you find it challenging to balance the workload and challenges resulting from the Coronavirus…
Secrets to a Stellar LinkedIn Profile
Maintaining a social media account can feel like a second job to some, while others utilize it as a…
Podcast | 3-23-2020
This week’s podcast focuses on the following items: Congress passes payroll tax credit for newly mandated paid sick leave Initial…
Financial Tips to Assist Individuals with Disabilities in Planning for the Future
By Ed Carter Even if your disability allows you to live on your own and care for yourself in your…
Embracing the AI Wave in Health Care
By Paul Weeks Artificial Intelligence (AI), machine learning, deep learning, data analytics — all are hallmarks of any discussion surrounding…
Podcast | 3-17-2020
This week’s podcast focuses on the following items: President declares emergency over COVID-19, directs Treasury to provide relief–and now we…
Martha Graham on the Hidden Danger of Comparing Yourself to Others
By James Clear Agnes de Mille had just achieved the greatest success of her career, but right now the only…
Essential Habits for Working Remotely
In light of the current COVID-19 (Coronavirus) situation, many employers are recommending or mandating employees who are able to work…
Do You Need a Trust For Your Children?
Most parents take certain steps to protect their children in the event of their premature death. Drafting a will or…
How to Help Your Small Business Clients Navigate the SECURE Act
By Jessica Curtin Planning for a secure retirement is a top-of-mind priority for almost every American worker. Yet, according to a…
Eliminating Awkward Tension & Restoring Value in Networking
By Jared Korver, CPA, at Beacon Wealthcare Networking has become a four-letter word with ten letters, and look, I have…
State Society Student Membership: Why Joining Makes You More Employable
Becoming a student member of your state society is an excellent idea, and there are a whole lot of reasons to…
Podcast | 3-9-2020
This week’s podcast focuses on the following items: IRS denies a taxpayer’s request to make a late mark to market…
Tough Interview Questions: ‘Tell Me About Yourself’
By Stephanie Vozza Looking for a new job is stressful enough, but to make matters more challenging, some interview questions…
Next Stop CPA Podcast: Why Should You Join Your State Society?
CPA state society membership is not just for practicing CPAs. In fact, many offer a range of services and programs…
Podcast | 3-2-2020
This week’s podcast focuses on the following items: Taxpayer who voluntarily exited OVDI program ended up with very poor result….
Celebrating Diversity: Part 10
Part 10 of 10 In honor of Black History Month, NCACPA would like to celebrate the diverse individuals who contributed to…
Celebrating Diversity: Part 9
Part 9 of 10 In honor of Black History Month, NCACPA would like to celebrate the diverse individuals who contributed to…
Celebrating Diversity: Part 8
Part 8 of 10 In honor of Black History Month, NCACPA would like to celebrate the diverse individuals who contributed to…
Celebrating Diversity: Part 7
Part 7 of 10 In honor of Black History Month, NCACPA would like to celebrate the diverse individuals who contributed to…
Celebrating Diversity: Part 6
Part 6 of 10 In honor of Black History Month, NCACPA would like to celebrate the diverse individuals who contributed to…
Podcast | 2-24-2020
This week’s podcast focuses on the following items: Proposed regulations can be relied upon in the interim, as well as…
Celebrating Diversity: Part 5
Part 5 of 10 In honor of Black History Month, NCACPA would like to celebrate the diverse individuals who contributed to…
Celebrating Diversity: Part 4
Part 4 of 10 In honor of Black History Month, NCACPA would like to celebrate the diverse individuals who contributed to…
Celebrating Diversity: Part 3
Part 3 of 10 In honor of Black History Month, NCACPA would like to celebrate the diverse individuals who contributed to…
Celebrating Diversity: Part 2
Part 2 of 10 In honor of Black History Month, NCACPA would like to celebrate the diverse individuals who contributed to…
An Update from the Triad Women’s Initiative
The Triad Women’s Initiative Networking Group strives to facilitate connections between Triad-area women while encouraging social, personal, and professional…
The 2020 Top New Products
By Ranica Arrowsmith This year’s top products were selected for their contact with innovation, whether it’s in actual technology—injecting artificial intelligence,…
5-Steps to Secure Your Data
By Tom Miller More than 1.9 billion records containing personal and other sensitive data were compromised between January 2017 and…
Podcast | 2-10-2020
This week’s podcast focuses on the following items: Regulations implementing changes to FAVR and cents-per-mile methods finalized by IRS OIRA…
Tax Anxiety? Don’t Fret—You Still Have Time
By Sandra Finerghty, Supporting Strategies Even the most competent, upstanding, conscientious business owners tend to fret over filing their taxes….
A Message From NCACPA’s Succession Planning Task Force
Happy 2020 Everyone! I wanted to provide an update regarding our work to date on NCACPA’s Succession Planning Task Force….
Podcast | 2-3-2020
This week’s podcast focuses on the following items: Special agent in charge of Los Angeles CID talks about their potential…
Podcast | 1-27-2020
This week’s podcast focuses on the following items: IRS can use sample of transactions to carry burden for §165(c) kickbacks/bribery…
Podcast | 1-21-2020
This week’s podcast focuses on the following items: IRS expands rules excluding from income discharge of certain student loan debt…
Meet the 2019 Best Firms for Women
Each year, Accounting Today recognizes the 100 Best Firms to Work For in the U.S. — and then picks the 10 Best…
FASB Releases 2020 GAAP, SEC, XBRL Taxonomies
The Financial Accounting Foundation announced the availability of the 2020 GAAP Financial Reporting Taxonomy, the 2020 SEC Reporting Taxonomy, and…
The Young CPA Cabinet’s Thoughts on the ‘Season of Giving’
By Brooks Aker, CPA The Young CPA Cabinet (“YCPA Cabinet” or “cabinet”) enjoyed terrific accommodations at East Carolina University (ECU)…
Podcast | 12-23-2019
This week’s podcast focuses on the following items: Further Consolidated Appropriations Act, 2020 signed into law on December 20, 2019…
Succession Planning from the Seasoned CPA Perspective
By Ben Hamrick, CPA After the (literal) blood, sweat, and tears owners put into a firm, it can be hard…
Succession Planning from the Young CPA Perspective
By Stacee Rash, CPA Retiring partners are not the only CPAs with succession planning on their minds these days. Young…
Podcast | 12-16-2019
This week’s podcast focuses on the following items: IRS does not have the discretion to waive repayment of advance premium…
Digital Banking Trends Business Owners Should Be Aware Of
Business owners are finding themselves having to constantly adapt to an ever-changing market, due to the speed at which new…
Podcast | 12-9-2019
This week’s podcast focuses on the following items: Final version of 2020 Form W-4 released Final versions of 2019 Forms…
Emerging Technologies Council: Holiday Favorites
Ah the holidays. The time when you remember that malls exist and are thankful for online shopping. Maybe most people…
The Four Exit Ramps for Your Career
By Terrence Putney, CPA and Joel Sinkin The end of your professional career is something you will eventually face. How…
Podcast | 12-2-2019
This week’s podcast focuses on the following items: Commissioner rules that insurance payments for pyrrhotite damage does not require Forms…
Podcast | 11-25-2019
This week’s podcast focuses on the following items: IRS discusses information security responsibilities and risks for tax professionals Rental section…
Podcast | 11-18-2019
This week’s podcast focuses on the following items: Significant TCJA guidance to be issued by end of January 2020 PLR…
Podcast | 11-11-2019
This week’s podcast focuses on the following items: Federal Circuit shoots down previously successful taxpayer argument that limited maximum FBAR…
More Americans Are Leaving Their Money in 401(k) Plans After Retirement—Should You?
By Alessandra Malito Millions of workers contribute to a 401(k) plan so they can have more money when they retire…
Millennials Have A Different Definition Of Diversity And Inclusion
By Lydia Dishman Diversity and inclusion are more than just buzzwords or boxes to check. Millennials believe they are essential…
Podcast | 11-4-2019
This week’s podcast focuses on the following items: Wisconsin fails in attempt to look to sublease to tax software sales…
50+ Ideas for Cultivating Diversity and Inclusion in the Workplace
By Jennifer Kim Nobody’s ever said that diversity and inclusion work is easy. But having grown a team that became known for…
Halloween Candy Spending to Shamble on as Prices Jolt to Life
By David Deull, Principal Economist, IHS Markit IHS Markit is forecasting 2019 Halloween candy prices to rise 3.9% over last…
Google Spent Years Studying Great Teams. These 5 Qualities Contributed the Most to Its Success
By Justin Bariso A few years ago, Google went on a quest to build the perfect team. The goal was to figure…
Technology Tools – Change with the Times
By Randy Johnston, Executive Vice President, K2 Enterprises Are you doing things the same old way? Do you wish there…
Podcast | 10-28-2019
This week’s podcast focuses on the following items: California rules on tax issues for directors that have meeting in California…
Myth Busters: NC CPA PAC Edition
With Election Day 2020 only one year away, it is the ideal time to remind our members of the importance…
The Impact $20.20 Can Have On Your Profession
$20.20 doesn’t seem like much money. It can get you four lattes from Starbucks, lunch for you and a coworker,…
What You Need to Know About NCACPA’s Advocacy Involvement
At NCACPA, we often say that advocacy is a member benefit North Carolina CPAs won’t receive anywhere else, and it’s…
What’s Your Fraud IQ?
While fraud can damage any organization, it can devastate small businesses, which often lack the resources for proper anti-fraud…
IMRS Hot Issues Summary
Tax Reform Don’t forget to check the IRS.gov Tax Reform pages regularly for the latest information. Changes to Transcript Delivery…
How Your Feedback is Shaping and Evolving CPA Licensure
By Susan S. Coffey, CPA, CGMA, EVP — Public Practice, Association of International Certified Professional Accountants I was thrilled that…
NCACPA Triad Women’s Initiative Luncheon June 20 | Vacation Tips & Tricks
Hello Friends, We had a great group of ladies at the May luncheon. Elizabeth Keller of CliftonLarsonAllen took us through…
CPA Exam Score Release Dates for 2019
A few things to note about CPA Exam score dates: All dates and times are based on Eastern Time zone….
Health Care, Student Loan Forgiveness Among Graduates’ Top Desires
By Sean McCabe As graduation season approaches for college students across the country, student loan forgiveness is on a lot…
IRS Audit Rate Continued to Decline Last Year
By Michael Cohn The Internal Revenue Service’s audit rate went down again in 2018, according to data released Monday by…
Accounting Services Industry is Projected to Grow
The accounting services industry is projected to grow at 1.8% overall between 2012 and 2017. That growth is triggering international…
Many Retirees Wish They Had Delayed Taking Social Security Benefits
By Lee Barney MassMutual says a married couple that lives into their 90s but decides to begin their Social Security…
2022 Short Session Tax Legislation
The General Assembly recessed its 2022 short session on July 1. Although the short session featured no major tax legislation,…
State Budget Agreement in the Works
State lawmakers are hopeful that they can reach an agreement on budget adjustments by June 17. The House and Senate…