SBA Announces New North Carolina District Director
Michael P. Arriola was sworn-in as the U.S. Small Business Administration (SBA) North Carolina District Director during a ceremony on...
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Senate Proposes Sweeping Tax Changes, Additional Pandemic Relief for NC Businesses
On May 26, the Senate Finance Committee approved a bevy of significant changes to state tax law along with a...
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Cooper Signs Income Tax Interest Waiver into Law
A top legislative priority for NCACPA was signed into law by Governor Roy Cooper on April 27, shortly after the...
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House Passes Tax Break for PPP Expenses, Unemployment Benefits
The North Carolina House of Representatives approved legislation this week that would align the state tax code with two recent...
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IRS Provides Safe Harbor to Claim Deductions for First-Round PPP Loans
The Treasury Department and the Internal Revenue Service issued Revenue Procedure 2021-20 for certain businesses that received first-round Paycheck Protection...
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Income Tax Interest Waiver Clears House, Heads to Senate
Upon their return from spring break, lawmakers in the House quickly moved this week to adopt legislation supported by NCACPA...
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NC House Advances PPP Expense Deductibility Bill
For months, state legislative leaders steadfastly refused the idea of conforming to a federal tax deduction for recipients of forgiven...
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General Assembly Could Revisit PPP Expense Deductibility
NCACPA has learned that a measure to allow state tax deductions for expenses associated with forgiven Paycheck Protection Program loans...
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NCDOR to Extend Deadlines for Additional Taxpayers
The North Carolina Department of Revenue plans to announce that it will expand the April 15 tax filing and payment...
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NCDOR Issues Guidance for Addback of Unemployment Benefits
When a retroactive federal tax break included in the new COVID-19 relief bill created a compliance headache for tax preparers...
