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).

NC Senate Bill Would Require Audits of All Nonprofits with State or Local Funding

A bill (S304) filed in the NC Senate last Thursday would require every nonprofit that receives state or local government funding to have a financial audit at least once every four years. Currently, nonprofits are only required to be audited if they receive at least $500,000 in state grant funds. The audits would be performed […]

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Reminder: Dangerous W-2 Phishing Scam Evolving; Targeting Schools, Restaurants, Hospitals, Tribal Groups, and Others

WASHINGTON – The Internal Revenue Service, state tax agencies and the tax industry issued an urgent alert today to all employers that the Form W-2 email phishing scam has evolved beyond the corporate world and is spreading to other sectors, including school districts, tribal organizations and nonprofits. In a related development, the W-2 scammers are […]

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NCDOR Announces e-Filing Launch Date

The Department of Revenue has announced that the e-Filing portal for Form NC-3, W-2s, and 1099s will launch on Friday, January 13. More information is available on their website.

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State Auditor’s Race Ends

Today, December 9, Republican candidate Chuck Stuber, CPA, conceded the state auditor’s post to Democratic incumbent Beth Wood, CPA. The following statements were released by both candidates: Chuck Stuber, CPA “The statewide recount is almost over, and it appears my campaign will come up short on the vote count. I want to offer my congratulations […]

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NCDOR Responds to Tax Committee’s Questions

NCACPA’s Taxation Committee convenes annually with the executive staff of the NC Department of Revenue. This meeting provides the opportunity to build relationships, make suggestions, identify key personnel who can assist in resolving issues, and collectively solve problems. Members of the Tax Section of the NC Bar Association also gathered questions from their membership and […]

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eNC3 Update From NCDOR

We received the following information from the NC Department of Revenue, offering us the opportunity to share this data with our NCACPA members prior to their releasing it to the public. The NCDOR has been working diligently on preparations for the upcoming tax filing season. This effort includes work for the NC3 withholding filing requirement/deadline […]

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Sales and Use Tax Changes Effective January 1, 2017

The Association was notified that the NCDOR will be mailing over 10,000 notices to persons who have an electrical contractor license with the State of North Carolina. The document may be accessed at the following link:  www.dornc.com/taxes/sales/contractorletter2016.pdf.  The NCDOR has asked that members assist with forwarding the information discussed and referenced herein to others whom you believe will […]

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Federal Judge Blocks Overtime Rule

On Tuesday, November 22, Judge Amos Mazzant of Sherman, Texas granted a preliminary injunction delaying the implementation of the regulation that would extend overtime eligibility to over 4 million workers, which was set to take effect on December 1 of this year. As finalized in May by the Labor Department, the overtime rule doubled the […]

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NCDOR Sales and Use Tax Division Publishes New Directives and Notices

The Sales and Use Tax Division of the North Carolina Department of Revenue published two directives and three notices for the various changes, expansions, and clarifications for real property contracts, RMI services, and service contracts. Key points of the directive: Definitions for “real property,” “real property contract,” and “capital improvement” are enacted. A contract is […]

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Preliminary Election Results for North Carolina

NCACPA would like to share the following official preliminary North Carolina election results, current as of this morning, November 9, 2016, from the association’s legal counsel. Governor Pat McCrory is expected to call for a recount; Chuck Stuber and Buck Newton may do so as well. Provisional and absentee ballots that have yet to be […]

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