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Recent Updates • Helpful Links • COVID-19 • CPE & Webinar Options • Stay Connected • Stay at Home Order by NC County • Support Your Communities • Contact Your State Lawmakers • News Related to COVID-19 Pandemic
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.
As of March 16, NCACPA has decided to cancel all in-person seminars, local area, and social/networking events through April 16. We recognize we may need to reevaluate in the coming weeks 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.
To assist you in easily finding the latest on COVID-19, browse through the information below for links to quality resources, information and developments.
Based on the CDC’s recommended guidelines, we have made decisions to move some events to virtual-only and have cancelled others. If you have any questions, please email our Member Service Center.
The following events have been cancelled:
- April 15 | Asheville Networking Group April Roundtable
- May 14 | Local Government Conference Greensboro
Check in soon for April Triangle, Triad, and Hickory networking group events that have gone virtual!
NCACPA is exploring virtual networking events and encourages you to submit any ideas to Mia Phillips.
The following CPE programs have been moved to a virtual event:
- May 12 | Employee Benefit Plans Conference (Join us virtually)
- May 19 | Not-for-Profit Accounting Conference
- May 20 | Business & Industry Spring Conference (Join us virtually!)
All online programs will still occur as scheduled.
On March 20, 2020, the NC Department of Revenue announced the Secretary of Revenue will automatically extend the time for filing North Carolina individual income, corporate, franchise, and estate and trust taxes to July 15, 2020. The automatic extension also applies to partnerships.
The DoR will not charge penalties for those filing and paying their taxes after April 15, 2020, as long as they file and pay their tax before July 15, 2020. Currently, interest will still accrue on tax payments received after April 15 until the date of payment; NCACPA is working with the state legislature to amend this law.
Additionally, on March 18, NCACPA CEO Sharon Bryson had a call with Senator Burr’s office to discuss other issues needing to be addressed in light of partial tax relief granted by Treasury. Net operating loss (NOL) is of major concern to Senator Burr, and his office directly contacted Treasury on the matter earlier this week. In a separate communication to the Senate Finance Committee, they also expressed the need for clarification on the definition of who is “impacted” by COVID-19 and therefore eligible for relief. The Senator’s office believes this will apply quite broadly, but also understands the public’s need for some sort of definition. Our members’ issues were communicated in real time to the Senate as they worked on the third budget package March 18, which is expected to go to the floor for a vote any day.
Additionally, the Small Business Administration approved the request for North Carolina’s disaster declaration. Eligible applicants may now apply for economic injury disaster loans (EIDLs) as a result of the ongoing effects of COVID-19.
We will continue to provide real-time updates as we receive them.
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.
COVID-19 CPE & Webinar Options
Stay-At-Home Orders by NC County
We are listing counties that have made stay-at-home orders the week of March 23, 2020 as they are announced. Click on a county to learn more.
List of counties
TOWN of Beaufort (Accounting Listed as Essential Service)
Buncombe County (Accounting Listed as Essential Service)
Cabarrus County (Accounting Listed as Essential Service)
Durham County (Accounting Listed as Essential Service ONLY in City of Durham as of 3/25/2020)
Guilford County (Accounting Listed as Essential Service)
Madison County (Unclear – Details Developing)
Mecklenburg County (Accounting Listed as Essential Service)
Orange County (Accounting Listed as Essential Service)
Pitt County (Accounting Listed as Essential Service)
Wake County (Accounting Listed as Essential Service)
CITY of Winston-Salem (Accounting Listed as Essential Service)
Contact Your State Lawmakers
Issue: Extending the due date for business personal property tax filings
Issue: Waiving interest fees on tax payments due April 15th