Post-Wayfair – New Resources

The AICPA State Legislation and Tax Advocacy teams have created new resources on the Wayfair decision, available at this link. If you have any questions or suggestions for additional resources, please email Moira Gill, Advocacy and Communications Strategist.

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Filing Deadline Updates

The Association sent a correspondence to IRS Deputy Commissioner Mary Beth Murphy earlier this week requesting tax relief for additional North Carolina counties impacted by Hurricane Florence. We will provide any updates as soon as they are received. Unrelated to hurricane relief, the Department of Revenue has stated they recognize a limited number of taxpayers […]

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New Podcast | 10-8-18

This week’s podcast focuses on the following items: IRS issues SIFL rates for second half of 2018 Information letter discusses more issues with the SALT workaround regulations Business meals will remain 50% deductible despite TCJA law changes ECPRS program updated by the IRS Market discount not subject to TCJA revenue conformity rule §457 plan not […]

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PCPS Cybersecurity FAQs

October is cybersecurity awareness month! It’s a perfect time to help your clients address some of the top cybersecurity questions they may have with these co-brandable FAQs, one resource of the Exploring Cybersecurity toolkit. This tool is an example of the turnkey practice management tools and resources PCPS delivers. PCPS is an add-on firm membership […]

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New Podcast | 10-1-2018

This week’s podcast focuses on the following items: Wall Street Journal reports IRS will issue guidance allowing 50% deduction for business meals IRS issues guidance on credit for paying employees on FMLA leave Moving expenses incurred in 2017 but reimbursed in 2018 ruled to be excludable from the employee’s income Special per diem rules, including […]

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New Disaster Relief Resources for CPAs

The Association has received generous outreach and resources from CPAs in other states who have recovered from similar devastation as Hurricane Florence. Gerald Schreiber, CPA, has authored and provided NCACPA two materials: What’s Next Now That the Flood Waters Have Gone Down? and Tax Treatment of “Qualified Disaster Payments.”

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Are you considering an advisory service practice?

Are you considering an advisory service practice? Many financial professionals are in order to offer their clients more value-added services in the areas of business valuation, financial forensics, personal financial planning, and information management and technology assurance. One of the first steps is to consider the technology and investment required to support your new practice. […]

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New Podcast | 9-24-2018

This week’s podcast focuses on the following items: Tax Court allows a taxpayer to try and prove reasonable reliance on indirect legal advice Updated safe harbor explanations for plan distributions issued by IRS IRS delays major revision to Form W-4 to 2020 Relief announced for victims of Hurricane Florence You can listen to the podcast, view the […]

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NCDoR Announces Sales Tax Exemption for Disaster Assistance

FOR IMMEDIATE RELEASE Contact: Schorr Johnson, Director of Public Affairs (919) 814-1010 NC Department of Revenue Announces Sales Tax Exemption for Disaster Assistance Waiver Allows SNAP Purchases of Hot Food Tax-Free RALEIGH, NC– In response to Hurricane Florence, the North Carolina Department of Revenue today published a notice advising retailers across the state that the […]

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