Recent Updates
As the Coronavirus (COVID-19) pandemic continues to impact our communities, NCACPA is monitoring the situation closely and heeding the advice of the CDC and medical community so we can proactively address implications to our members at both federal and state levels.
We are all in this together.
If you have any questions, please email NCACPA Experience Support.
State-Level Updates:
- 3/23/21 NCDOR Issues Guidance for Addback of Unemployment Benefits
- 3/18/21 NCDOR Extends Individual Income Tax Deadline to May 17
- 3/17/21 NC House Delegation Unanimously Supports Tax Deadline Extension
- 3/11/21 Extra Credit Grant Bulk Application Opens March 11
- 3/9/21 General Assembly Unlikely to Adopt PPP Expense Deductibility
- 3/1/21 NC Department of Revenue Launches Application Process for Extra Credit Grants Extension
- 2/25/21 Lawmakers File Bills to Repeal PPP Expense Addback
- 2/25/21 NCACPA, NCDOR Partner on Extra Credit Grant Pilot Project
- 2/18/21 NCDOR to Issue Clarified PPP Expense Guidance
- 2/18/21 NCACPA Works With Senator Burr to Urge IRS Guidance on PPP & ERTC Interplay
See more
- 1/4/21 The NC DOR shared the updated Power of Attorney policy that went into effect on January 1, 2021.
- 10/8/20 State Tax Filing Guidance for Coronavirus Pandemic
- 9/18/20 NC Department of Revenue Launches Application Process for Extra Credit Grants
- 9/3/20 House & Senate Pass a $1 Billion COVID-19 Relief Funding Bill for NC
- 7/22/20 The Sales & Use Tax Division published the attached Notice: Additional 0.25% Local Sales & Use Tax Effective October 1, 2020
- 7/20/20 NCACPA received the attached notice from the NCDOR to assist taxpayers in understanding recent law changes
- 7/7/20 On July 2, 2020, Governor Roy Cooper signed HB 118 Liability Safe Harbor, expanding the immunity protections it created last month in response to COVID-19. Read a detailed summary of HB 118 here.
- 7/6/20 The NCDOR announced today that under a new law signed by Governor Roy Cooper last week, the state now follows a more favorable 7.5% itemized medical expense deduction threshold.
- On June 30, 2020, Governor Cooper signed HB 1080 (Session Law 202-58)
- 6/29/20 The NC General Assembly adjourned the 2019-20 session on June 26, passing two significant tax bills.
- 6/15/20 Reminder: State Tax Returns & Payments Due July 15
- 6/1/20 Tax Bill Advances in North Carolina General Assembly
- 5/22/20 at 5:00 pm, North Carolina moved into Phase 2
- 5/20/20 The NC State Board of CPA Examiners shared important news about the CPA Exam
- 5/7/20 NCDOR Notice Covering Laws Encompassed in Session Law 2020-3
- 5/7/20 Beginning Friday, May 8 at 5:00 pm, North Carolina will move into Phase One.
- 5/4/20 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.
- 4/28/20 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.
- 4/8/20 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.
Federal-Level Updates:
- 3/9/21 NCACPA Joins Call to Extend Federal Tax Deadline
- 3/3/21 AICPA Issues Call for Extension of PPP Application Deadline
- 3/2/21 IRS Issues ERC Guidance & PPP Eligibility Rules
- 2/25/21 The AICPA Calls for Certainty & Relief for the 2020 Tax Year
- 1/15/21 2021 Tax Filing Season Begins Feb. 12; IRS Outlines Steps to Speed Refunds During Pandemic
- 12/22/20 Congress Passes Sweeping Pandemic Relief Bill
- 11/3/20 IRS Announced Several Changes to Help Struggling Taxpayers Impacted by COVID-19
- 10/7/20 IRS Will Work With Taxpayers Needing Relief for the October 15 Tax Filing Deadline
- 8/12/20 New PPP Guidance Addresses Health Insurance, EIDL, & Other Issues
- 8/4/20 The SBA & Treasury have released additional PPP guidance
See more
- 7/16/20 More Credits & Incentives Could Be Included in the Next COVID Relief Bill
- 7/13/20 NCACPA CEO Sharon Bryson Calls for Federal Relief
- 7/8/20 NCACPA received this important notice from the NC Department of Revenue regarding the enhanced medical and dental expense deduction, providing additional guidance to taxpayers who may now qualify to deduct medical and dental expenses.
- 6/30/20 The Department of Treasury & IRS Announced the July 15 Tax Filing & Payment Deadline Will Not be Postponed
- 6/24/20 IRS Finalizes Guidance for Section 199A Deduction for Shareholders of Regulated Investment Companies
- 6/17/20 SBA & Treasury Announce New EZ & Revised Full Forgiveness Applications for PPP
- 6/10/20 FASB OKs Two Standards & Delays Insurance Standard Amid Coronavirus
- 6/4/20 PPP Flexibility Act Passes in the Senate
- 5/26/20 NASBA CPA Exam Credit Extension Information
- 5/22/20 Treasury is Delivering Millions of Economic Impact Payments by Prepaid Debit Card
- 5/19/20 HEROES Act & PPP Support
- 5/19/20 The AICPA’s Revised PPP Loan Forgiveness Calculator is Now Available
- 5/14/20 The Government Accountability Office (GAO) released a COVID-19 GAGAS CPE Alert.
- 5/6/20 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.
- 5/5/20 New Resource for Members | PPP Loan Forgiveness Services Matrix
- 5/1/20 NCACPA sent letters to North Carolina’s entire congressional delegation pushing for PPP Loan Forgiveness Guidance
- 4/8/20 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.
- 4/3/20 The AICPA’s Firm Services Team put together a statement on PPP applications
- 3/19/20 The Small Business Administration approved the request for North Carolina’s disaster declaration. Eligible applicants may apply for economic injury disaster loans (EIDLs).
3/2/21 Coronavirus (COVID-19) Vaccination Update
12/15 How We’re Helping Our Employees Deal With the Grief & Loss of the Pandemic
12/4 Tell Congress to Allow PPP Expense Deductions for Small Businesses
11/4 Security Summit Partners Warn Taxpayers of New COVID-Related Text Scam
Productivity Guide for Working from Home with a Dog
10/8 State Tax Filing Guidance for Coronavirus Pandemic
Science Says You Shouldn’t Work More Than This Number of Hours a Week—The Young CPA Cabinet wants to know what you’re doing to ensure overtime doesn’t equate to employee burnout. Join the conversation on Connect!
8/27 Why You’re Feeling Work-From-Home Burnout & What Can Be Done
8/18 Working from Home in the Time of COVID
The Current & Emerging Technology Council’s 2020 Marketing Guide
6/18 Returning an Economic Impact Payment
Free June PCPS Tool | Secure Your Firm Post COVID
IFR on SBA loan review procedures & responsibilities
AICPA Coronavirus Resource Center
Is Your Firm Prepared for a Pandemic? (CPA Practice Advisor)
Resources for NC Employer Issues Around COVID (CAI)
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)
Lead Your Business Through the Coronavirus Crisis (HBR)
EPA approved cleaners to help keep your office and home safe (CNN)
How to Prepare for a Remote Digital Workforce (CFO)
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)
To protect the safety of our attendees, speakers, and staff, our team is still finalizing details regarding the 2021 event lineup. Additional programs may be added as they are confirmed and events are subject to changes due to ongoing circumstances surrounding COVID-19.
Learn how NCACPA is providing greater flexibility
- Cancellation fees for webcast and webinar programs have been altered to incur only when made less than one (instead of five) business days prior to an event.
- Transfers made in advance of a program will not result in additional fees.
- Registration fees for all online programs (on demand, webcast, and webinar) taking place between June 22, 2020–April 30, 2022, have been adjusted to match early bird fees for live programs (excludes Don Farmer programs).
We appreciate your continued patience as we make the safest decisions possible for our attendees and staff. If you have any questions, please email NCACPA Experience Support.
2021 Virtual Conferences
 Employee Benefit Plans Conference |  Local Government Conference |
 Not-for-Profit Accounting Conference |  Business & Industry Spring Conference |
 CPE Beach Cluster
|  TechFest Summer Conference
|
The NCACPA COVID-19 Quick Pulse Survey found that the number one challenge facing most CPAs is ensuring the continued health and safety of employees. Additionally, nearly one in four CPAs indicated that resources to help manage stress would be most helpful to their firm, company, or organization.
To help you cope with newfound stress, NCACPA, has recorded a free Zoom video call lead by Julie P. Killion, MA, LCMHC, LCAS, NCC. Listen now: Coping During Covid-19: Mental Health & Wellness 101.
Articles:
How We’re Helping Our Employees Deal With the Grief & Loss of the Pandemic
Coronavirus Disease 2019 (COVID-19) Response in North Carolina
North Carolina Department of Health & Human Services
Johns Hopkins Coronavirus Dashboard Map
Centers for Disease Control and Prevention: Coronavirus
Centers for Disease Control and Prevention: Coronavirus Resources and References
US Department of State Travel Restrictions
Office of Homeland Security: Coronavirus
Receive Short-Term Assistance From the AICPA Benevolent Fund
8/3 How to Rotate Workers (or Students) into Buildings to Curb the Spread of Covid-19
7/14 The AICPA created this checklist to help you safely manage your firm during COVID-19.
Learn how to combat racism and bias that’s spreading with the Coronavirus.
Articles:
- 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:
The Journal of Accountancy Podcast
- How Social Exclusion Can Lead to Social Inclusion (9 mins)
- The Relationship Between Social Isolation, Loneliness & Belonging (11 mins)
UCI Podcast:
- Inclusivity in Difficult Times (15 mins)
NCACPA partnered with other state societies to measure the concerns and challenges faced by CPAs in the early months of the pandemic. Results from the first two surveys are now available. We’ve segmented the results by sector to provide you with the resources public and industry professionals identified as most helpful to you and your company.
Results
Resource Pages
COVID-19 Learning & Networking 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.