New Alert from the NC Department of Revenue
A few days ago, the NC Department of Revenue notified NCACPA they have issued a new e-alert notifying taxpayers that...
Taxpayers Should File by July 15 Tax Deadline; Automatic Extension to Oct. 15 Available
The Department of the Treasury and IRS announced the tax filing and payment deadline of July 15 will not be...
NC General Assembly Overview
In the early morning hours of June 26th, the NC General Assembly (GA) completed most of its work and adjourned...
IRS Finalizes Guidance for the Section 199A Deduction for Shareholders of Regulated Investment Companies
Today, the Internal Revenue Service issued final regulations permitting a regulated investment company (RIC) that receives qualified real estate investment...
Updates to the CPA Evolution Initiative
The CPA Evolution initiative was created to transform the CPA licensure model to recognize and support rapidly changing skills and...
Returning an Economic Impact Payment
Millions of eligible individuals have already received their Economic Impact Payments. Some people, including those who received a payment for...
SBA & Treasury Announce New EZ & Revised Full Forgiveness Applications for PPP
Yesterday, June 17, 2020, the U.S. Small Business Administration (SBA), in consultation with the Department of the Treasury, posted a...
Reminder: State Tax Returns & Payments Due July 15
Deadline applies to individual income, corporate income, and franchise tax RALEIGH – The North Carolina Department of Revenue (NCDOR) issued...
FASB Approves New Standards & Proposed Effective Date Delay at Final Meeting of Chairman Russell G. Golden
Approves Standards to Improve Convertible Instruments and Contracts in an Entity’s Own Equity, Gifts-in-Kind; Delays Standard on Long-Duration Insurance Contracts...
NCACPA Statement on Anti-Racism and Social Injustice
The North Carolina Association of CPAs is deeply committed to our focus on diversity and inclusion, a focus embedded in...
