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...
Podcast | 6-29-2020
This week’s podcast focuses on the following items: IRS issues clarifications on claiming the employee retention credit SBA issues formal...
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...
Podcast | 6-22-2020
This week’s podcast focuses on the following items: Revised PPP forgiveness application and some rules to take into account PPPFA...
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...
