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).

State Budget Passes, Includes State Tax Return Extension Provision

As of today, June 12, 2018, both chambers of the North Carolina General Assembly have voted to override Governor Cooper’s veto of the new state budget, allowing it to become law. Included in the budget was a state extension proposal NCACPA worked diligently on over the past several months. The provision requires any taxpayer granted […]

Read More.

General Assembly Begins Budget and Tax Hearings

Today the NC General Assembly is considering the Senate Bill 99 Appropriations Act of 2018 Conference Report that was posted on the website of the General Assembly last evening. This report cannot be amended, except by a subsequent act of the General Assembly. We are pleased to report to our members that included in the […]

Read More.

NC Department of Revenue Statement on Electronic Payment Issue

The North Carolina Department of Revenue discovered earlier this week that some taxpayers’ electronic payments were drafted twice. The NCDOR knows which taxpayers have been impacted and has begun to contact the affected taxpayers directly. The NCDOR is already in the process of returning the funds electronically to these taxpayers. The affected individuals are not […]

Read More.

Sales and Use Tax Directive 18-1 Published

The Department of Revenue released this directive, which is an updated chart with a list of services to real property that are generally subject to sales and use tax as either repair, maintenance, and installation services for real property or as real property contracts. This chart has been expanded substantially as a result of legislative […]

Read More.

State Treasurer Announces Academy for Accountants

4/17/2018 Contact: Frank Lester (919) 814-3811 FOR IMMEDIATE RELEASE   State Treasurer Folwell Announces Treasurer’s Academy for Accountants N.C. Department of State Treasurer will offer intensive work experience (Raleigh, N.C.) – State Treasurer Dale R. Folwell, CPA, has announced plans to launch a highly selective program that will prepare accountants for careers in public sector […]

Read More.

NC Tax Filing Deadline Extended through April 18

The North Carolina Department of Revenue just announced that in light of the IRS extension, the Department will also extend the NC tax deadline through 11:59 pm today, April 18.

Read More.

Draft North Carolina Tax Legislation Released

By William W. Nelson Smith Anderson Law Firm On April 11, 2018, the General Assembly’s Revenue Laws Study Committee released a draft tax bill for possible introduction in the legislative session that convenes May 16. This Alert provides a summary of the more important provisions of the draft bill. A Fiscal Analysis Memorandum accompanying the […]

Read More.

New Tax Cuts and Jobs Act Resources

The AICPA’s tax team has updated two PowerPoint presentations on the impact of the new tax laws, which can be found at this Dropbox link. One presentation is for individuals, and one covers business considerations. You are free to use these decks in client conversations, educational activities, or other presentations. You will notice placements on the […]

Read More.

NCDOR Sales and Use Tax Important Notice

The Sales and Use Tax Division has issued IMPORTANT NOTICE: Updated Form E-589CI, Affidavit of Capital Improvement and updated the Form E-589CI, which incorporates legislative changes enacted by the 2017 Session of the General Assembly. Generally, services to real property are retail sales of, or the gross receipts derived from, repair, maintenance, and installation services, […]

Read More.

Ernst & Young Expanding in Charlotte

On February 27, Governor Cooper announced Ernst & Young LLP (EY), will create 375 jobs in Mecklenburg County and invest $8.2 million in Charlotte over the next five years. EY will also develop a wavespace center in Charlotte as part of the expansion. The firm launched wavespace centers beginning a year ago, which bring together […]

Read More.