Return & Extension Acknowledgements by NC Department of Revenue

Due to a massive volume of e-filed tax returns and extensions, the NC Department of Revenue is experiencing a delay in sending out acknowledgements. They anticipate these confirmations will be behind by a few days, and will relay more specific updates to NCACPA as they are received by the Department’s I.T. staff. However, returns and […]

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Six Tips for Starting an Advisory Practice

In order to stand out in a crowded profession, many financial professionals are leveraging the escalating trend toward advisory services. The ability to offer specialized knowledge allows you to differentiate yourself from competitors and position yourself more favorably within the marketplace. One of the best ways for you to demonstrate your knowledge and expertise in […]

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NC Secretary of Revenue Waives e-Filing Penalty for Form NC3

The Association has been in frequent communications with the Department of Revenue over the past month on the NC-3 e-Filing issues. This week in particular, we have been persistently engaged reiterating the concerns our members have with the current electronic filing process. The Department of Revenue has readily heard our concerns and the Secretary of […]

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Update on NC-3 Online Portal

Our members have sent several questions regarding the NC-3 online portal process with the NC Department of Revenue. The following update should provide clarity on many of the questions posed, and the DoR will have an additional update for us to share with members by the end of this week. In September/October, the DoR gives […]

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IRS Action After FEMA Disaster Declarations

The Association received a message from the AICPA this morning that their Tax Advocacy team reached out earlier in the week to the IRS on behalf of practitioners and taxpayers. Their request was the IRS act as quickly as possible regarding any changes to the Sept. 15 filing deadlines, depending on the scope of Hurricane […]

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SALT Workaround Proposed Regulations

This article outlines the IRS’s proposed regulations on the various state tax credits for charitable contributions after TCJA. Note that this affects both credits enacted after TCJA (such as in New York, New Jersey and Connecticut) and those already existing (in around 30 states), so this affects more than just the three that are getting […]

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Free July PCPS Resource: First 15 Reading Program Library Builder

Demonstrate your firm’s commitment to the personal and professional development of your team by allowing paid time to read at the start of each day. Use this library builder to assemble your firm’s First 15 Reading Program library with books suggested by Chet Buchman, creator of the program. For additional resources to kickstart a reading program […]

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Protect Your Business From Cybersecurity Concerns

Whether you’re a long-standing community business or a new web-based start-up, many of your transactions will be conducted online. While digital transactions and communications can expand your marketing reach and enhance efficiency, they can also expose you to the same types of security breaches many larger organizations experience. What’s a small business to do? Recognize […]

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10 Ways to Refocus After Busy Season

By Maureen Schwartz The nature of accounting and tax firm services today can create the sense that it’s a never-ending busy season. Still, tax reform this year has made springtime even busier for most, so it’s all the more important for firms to take a step back and refocus their energies now that April 18 […]

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