ncacpa-govt-advocacyNo one does more to advance and safeguard your profession in North Carolina.

NCACPA strives to represent the profession’s interests in vital areas of public policy formation, standard-setting, and rule-making that would have impact on members, the profession as a whole, and the North Carolina business climate. Also, the association identifies and supports the campaigns of those legislators and candidates who understand the profession through our NC CPA Political Action Committee (PAC).

NCDOR Releases Sales and Use Tax Changes Overview

The Sales and Use Tax Division has issued Form E-505 (9-17), which provides an overview of sales and use tax and privilege tax changes primarily enacted by the 2017 NC General Assembly. Form E-505 can be found at https://www.dornc.com/taxes/sales/2017_form_e-505.pdf Questions about the information provided in this document, can be directed to the Taxpayer Assistance and Collection […]

Read More.

AICPA Provides 2017 Disaster Tax Relief Resources

The AICPA Tax Teams have compiled comprehensive information about disaster relief and the effects on tax filing and tax planning to help practitioners: 2017 Hurricane Tax Filing Relief state-by-state spreadsheet IRS information on tax relief for Hurricane Irma victims Preliminary Thoughts on the Tax Implications of Hurricane Irma AICPA TV webcast and PowerPoint presentation on […]

Read More.

Help After Harvey—How the CPA Community Can Assist

As those affected by Hurricane Harvey begin the arduous process of recovery, there are things the CPA community can do to help clients, small businesses, and fellow CPAs living and working in affected areas get back on their feet. The AICPA Benevolent Fund provides assistance to AICPA members undergoing financial hardships. If you’d like to […]

Read More.

Tax Alert Now Available on SB 628 (Various Changes to Revenue Laws)

Two previous Tax Alerts (June 20 and June 30, 2017) provided members with a summary of the major tax legislation enacted during the North Carolina General Assembly’s regular 2017 session. One of the bills that NCACPA heavily monitored and advocated for, Senate Bill 628 (“Various Changes to Revenue Laws”), included many changes requested by the […]

Read More.

Former NCACPA Board Member Appointed to State Board of CPA Examiners

On July 24, former NCACPA Board of Directors member, Art Winstead, Jr., was sworn in to a three-year term on the NC State Board of CPA Examiners. Art has been a long-time engaged member of NCACPA serving in numerous roles, in addition to the board, to include the Peer Review and Accounting & Attestation Committees. […]

Read More.

NC General Assembly Enacts NCACPA’s Proposed Changes to SB 628

The General Assembly reconvened on August 3 for a one-day session to consider veto overrides and adopt conference reports. During the session, the House and the Senate voted to adopt the conference report for SB 628, Various Changes to Revenue Laws, which makes numerous technical changes to the North Carolina tax code. NCACPA was highly […]

Read More.

Think a Data Breach Can’t Happen to You? Think Again…

Tax professionals increasingly are targets of national and international cybercriminal syndicates that are well funded, digitally adept, and tax savvy. Each week the IRS receives three to five reports of data breaches at tax professionals’ offices. That rate is not sustainable. To assist tax practitioners to better protect themselves, the IRS, state tax agencies, and […]

Read More.

NCACPA Urges Conferees to Support Passage of SB628, Various Changes to Revenue Laws

In advance of the August 3 session of the General Assembly, the Association has been in communication with legislators to request their support of Senate Bill 628, Various Changes to Revenue Laws. The bill includes numerous provisions supported by NCACPA that clarify current tax law and benefit taxpayers and tax preparers. As shared previously, NCACPA […]

Read More.

General Assembly Adjourns; SB628 Status

After a week of late night sessions and committee meetings with little notice, the General Assembly has adjourned until August 3. Substantial progress was made on SB628 this session. The bill passed both houses and was assigned to a conference committee to work out the differences between the House and Senate versions of the bill. […]

Read More.

Major Tax Legislation Enacted—2017 North Carolina General Assembly

The Association just received a new Tax Alert summarizing the changes made by all the tax legislation that passed during the General Assembly’s regular session that just adjourned. Bill Nelson, a partner with Smith Anderson, provided NCACPA with this timely information. The Tax Alert updates and supplements the previous alert Bill prepared on the budget bill by […]

Read More.