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...
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NCDOR Fixes Franchise Tax Electronic Payments Glitch
NCACPA recently learned that some LLCs in North Carolina had experienced difficulty with paying their franchise tax liability online. Thanks...
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NCDOR Extends Individual Income Tax Deadline to May 17
The North Carolina Department of Revenue (NCDOR) announced that it will extend the April 15 tax filing and payment deadline...
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NC House Delegation Unanimously Supports Tax Deadline Extension
All of the members of North Carolina’s delegation to the U.S. House of Representatives have signed their name to a...
