This week’s podcast discusses a case in which moneylending was a business for the taxpayer, so the Tax Court ruled that the debt was a business bad debt. You can listen to the podcast here, view the video version here, and read the corresponding notes here. To stay current on federal tax updates, visit our podcasts page, where […]
News
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. […]
New Podcast | 8-7-17
This week’s podcast discusses a Security Summit Alert posted by the IRS regarding a new phishing scheme reported to the agency that attempts to get usernames and passwords from tax professionals for their tax software provider accounts. You can listen to the podcast here, view the video version here, and read the corresponding notes here. To stay […]
NC Firms Named in 2017 Best Accounting Firms to Work for
Accounting Today has announced its 2017 Best Accounting Firms to Work For. The annual survey and awards program, which is conducted in partnership with Best Companies Group, is designed to identify, recognize, and honor the best employers in the accounting profession, benefiting its economy, workforce, and businesses. Congratulations to the North Carolina firms that made the […]
Urgent – IRS Announces Planned e-Services Outage
Planned Outage for All e-Service Users; Impact to State e-File/TDS Applications The IRS is in the final stages of a technology upgrade for e-Services that will greatly improve the look and feel of various applications. However, there will be some temporary use issues that will occur as we make this transition: There will be a […]
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 […]
Free August PCPS Tool – Process Effect Action Plan
What does process improvement have to do with increasing the engagement level of your team? Listen to this podcast from Sandra Wiley with Boomer Consulting and use the PCPS Tool of the Month – Process Effect Action Plan to improve firm operations and engage your employees in the process. This PCPS Engaged Employee Podcast and Process Effect […]
New Podcast | 7-31-17
This week’s podcast covers the statement on tax reform released on July 27, 2017 by tax reform congressional and administration officials. You can listen to the podcast here, view the video version here, and read the corresponding notes here. To stay current on federal tax updates, visit our podcasts page, where we upload a new episode each week.
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 […]
New Podcast | 7-24-17
This week’s podcast discusses a case in which a taxpayer had to report unemployment benefit income even though he later repaid the benefits. Also discussed is the third IRS extension of the Safe Harbor Method for recipients of the HFA Hardest Hit Fund. You can listen to the podcast here, view the video version here, and […]