This week’s podcast covers the following developments: IRS computer system failure ends up adding one extra day to tax season The Supreme Court hears oral arguments in the Wayfair case IRS gives details on blended rates to be used by fiscal year C corporations IRS issues the rates for valuing employer owned aircraft trips for […]
News
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 […]
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 […]
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.
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 […]
Free April PCPS Tool : Comparison of FRF for SMEs to Other Bases of Accounting
Has it been a while since you looked at the Financial Reporting Framework for Small and Medium-Sized Entities as an option for your privately-held clients? With accounting standards changes and income tax changes, there’s a lot going on right now and the changes can be pretty complex. Use the Comparisons of the FRF for SMEs […]
New Podcast | 4-9-18
This week’s podcast covers the following developments: Filing date relief issued by IRS for victims of Northern California wildfires Challenge to minister’s housing allowance exclusion returns to court Tax Court will assert strict subordination requirement for mortgages on conservation easements outside First Circuit Signature no longer required for §754 election Retroactive loss of tax-exempt status […]
New Podcast | 4-4-18
This week’s podcast covers the following developments: Accountant by day, goaltender by night in Chicago IRS publishes statistics on exams, collections, phone wait times and more IRS reminds and warns taxpayers about virtual currency issues IRS recommends taxpayers have a payroll checkup You can listen to the podcast here, view the video version here, and read the […]
NCACPA Announces 2018 Award Recipients
Winners of the 2018 North Carolina Association of Certified Public Accountants (NCACPA) annual awards have been announced and will be recognized during the annual business meeting held May 3, 2018, at the Raleigh Marriott City Center. Each year, the association recognizes several contributors for their outstanding work and exemplary representation of the association and the […]
New Podcast | 3-26-18
This week’s podcast covers the following developments: Congress passed bill to fix the grain glitch and passed partnership audit rule changes IRS warns of increasing attacks against tax professionals Series 8453 business forms must be signed manually Supreme Court rules on tax obstruction statute You can listen to the podcast here, view the video version here, and […]