This is an emerging and rapidly evolving situation. NCACPA will provide updated information as it becomes available.
As the Coronavirus (COVID-19) pandemic continues to intensify, NCACPA is monitoring the situation closely so we can proactively address implications to our members at both federal and state levels.
Based on the CDC’s recommended guidelines, we have made changes to certain summer events and programs. If you have any questions, please email our Member Service Center. We are constantly reevaluating as we continue to monitor the pandemic closely and heed the advice of the CDC and medical community. Flexibility, communication, and patience both among staff and our members will be key.
We are all in this together.
At this time, it is our intention to resume select in-person CPE events (conferences, seminars, and workshops) scheduled September through December. If you have any questions, please email our Member Service Center.
The following CPE programs have been moved to a virtual event:
- Summer Leadership Conference (Join us virtually!)
- June 29 | Breaking Free from Internal Struggles (Join us virtually!)
All online programs will still occur as scheduled.
- 6/29 The NC General Assembly adjourned the 2019-20 session on June 26, passing two significant tax bills.
- 6/15 Reminder: State Tax Returns & Payments Due July 15
- 6/1 Tax Bill Advances in North Carolina General Assembly
- 5/22 at 5:00 pm, North Carolina moved into Phase 2
- 5/20 The NC State Board of CPA Examiners shared important news about the CPA Exam
- 5/7 NCDOR Notice Covering Laws Encompassed in Session Law 2020-3
- 5/7 Beginning Friday, May 8 at 5:00 pm, North Carolina will move into Phase One.
- 5/4 Joined by leaders of the NC General Assembly, Gov. Roy Cooper, signed two bipartisan COVID-19 relief bills providing more than $1.5 billion in emergency funding for critical expenditures related to public health and safety, educational needs, small business assistance, and continuity of state government operations.
- 4/28 Representatives filed House Bill 1039: COVID-19 Response Act–Economic Support which includes the following tax provisions as well as other changes to the State’s unemployment compensation laws and recommendations from the Division of Employment Security.
- 4/8 Property tax listing extensions (for July 15, 2020) are currently being granted by some individual counties via waiver request. Here is an example of a memo from Wake County.
- 6/30 The Department of Treasury & IRS Announced the July 15 Tax Filing & Payment Deadline Will Not be Postponed
- 6/24 IRS Finalizes Guidance for Section 199A Deduction for Shareholders of Regulated Investment Companies
- 6/17 SBA & Treasury Announce New EZ & Revised Full Forgiveness Applications for PPP
- 6/10 FASB OKs Two Standards & Delays Insurance Standard Amid Coronavirus
- 6/4 PPP Flexibility Act Passes in the Senate
- 5/26 NASBA CPA Exam Credit Extension Information
- 5/22 Treasury is Delivering Millions of Economic Impact Payments by Prepaid Debit Card
- 5/19 HEROES Act & PPP Support
- 5/19 The AICPA’s Revised PPP Loan Forgiveness Calculator is Now Available
- 5/14 The Government Accountability Office (GAO) released a COVID-19 GAGAS CPE Alert.
- 5/6 NCACPA requested both Senators Burr and Tillis cosponsor Bill S. 3612 to clarify the intent of the CARES Act regarding deductibility of PPP loan proceeds.
- 5/5 New Resource for Members | PPP Loan Forgiveness Services Matrix
- 5/1 NCACPA sent letters to North Carolina’s entire congressional delegation pushing for PPP Loan Forgiveness Guidance
- 4/8 The AICPA is pressing Treasury for the reasonable request of broad filing season relief, calling for extensions of all filing and payment deadlines, e-signatures, estimated payment relief for second quarter payments, and more.
- 4/3 The AICPA’s Firm Services Team put together a statement on PPP applications
- 3/19 The Small Business Administration approved the request for North Carolina’s disaster declaration. Eligible applicants may apply for economic injury disaster loans (EIDLs).
6/18/2020: Returning an Economic Impact Payment
Is Your Firm Prepared for a Pandemic? (CPA Practice Advisor)
35 Questions for Coronavirus Planning (Journal of Accountancy)
Cybersecurity in a Time of Coronavirus (Accounting Today)
What are Companies’ Legal Obligations Around Coronavirus (Harvard Business Review)
Coronavirus Fraud: A Guide to Potential Schemes (NU Propety Casualty)
Global Map of Coronavirus Cases (Financial Management)
Interim Guidance for Businesses and Employers to Plan and Respond to Coronavirus Disease (Centers for Disease Control and Prevention)
The following interim guidance may help prevent workplace exposures to acute respiratory illnesses, including COVID-19, in non-healthcare settings. The guidance also provides planning considerations if there are more widespread, community outbreaks of COVID-19.
Recommended COVID-19 strategies for employers to use now:
- Actively encourage sick employees to stay home.
- Separate sick employees as soon as they show respiratory symptoms and send them home immediately.
- Emphasize staying home when sick, respiratory etiquette and hand hygiene by all employees.
- Perform routine environmental office cleaning.
- Advise employees before traveling to take these steps.
Learn how to combat racism and bias that’s spreading with the Coronavirus.
- Combating Bias & Stigma Related to COVID-19
- Social Distancing is a Privilege
- Libraries Respond: Combating Xenophobia & Fake News in Light of COVID-19
- CDC: Reducing Stigma
Podcasts & Episodes:
- How Social Exclusion Can Lead to Social Inclusion (9 mins)
- The Relationship Between Social Isolation, Loneliness & Belonging (11 mins)
- Inclusivity in Difficult Times (15 mins)
- The Diversity & Inclusion of Healthcare (35 mins)
- Your Lack of Diversity is Showing Now More Than Ever (32 mins)
- Managing Culture in a Time of Crisis (33 mins)
COVID-19 Learning Options
With the gaining spread of COVID-19 across the nation, there’s an ever-growing need for protective face masks. Noticing the deficiency in supplies, NCACPA member Sabrina Cook, CPA, and her eight-year old daughter got to work making dozens of masks for the community.
Sabrina Cook and her daughter Josie are creating basic hospital masks using two sheets of cotton fabric. Sabrina’s inspiration for making the masks stemmed from social media where she saw her peers participating in the charitable craft. Reading controversial posts regarding the usefulness and need for masks in the medical community, she was torn. That is until Sabrina saw the responses from people in the medical community who urged commenters to continue supplying masks. They voiced their concerns about wearing the same masks all day and in some cases, reusing masks. Sabrina was quick to respond to this small white flag.