ONLINE CPE REGISTRATION UPDATE
As NCACPA completes its system migration, registration for online CPE courses will temporarily close at 12:00 a.m. on the day prior to each program to allow for accurate attendance and CPE processing. We appreciate your understanding and will share updates once this step is no longer necessary. Please contact Solutions Support at 800-469-1352 with questions.
The Internal Revenue Service and the Security Summit partners warned tax professionals that savvy cybercriminals target IRS-issued identification numbers to help impersonate practitioners as well as taxpayers. To help protect against this threat used on the Dark Web, the IRS, state tax agencies and the tax industry reminded practitioners that they must maintain, monitor and…
Let the analysis begin! Since the issuance of Sec. 199A regulations by the IRS on August 8, NCACPA has been working on developing an eight-hour course for tax practitioners specific to this topic. We turned to Don Farmer to comb through the 180 pages of information on the qualified business income deduction section added to…
The IRS released three components of Section 199A guidance – below are links to each: The proposed regs (Proposed regulations concerning the deduction for qualified business income under section 199A) A notice about W-2 wages (Notice 2018-64: Methods for Calculating W-2 Wages for Purposes of Section 199A) FAQs (Section 199A – Deduction for Qualified Business…
The NCACPA Taxation Committee will hold its annual meeting in the fall with key IRS and NC Department of Revenue personnel, at which time there will be an opportunity to pose questions and submit comments. Each year, NCACPA asks the membership to help provide questions for these meetings. Please add questions or comments you wish…
The seventh annual CPA Day of Service is coming up on Friday, September 21, 2018! Nearly eight years ago, this day of service arose from a simple yet powerful challenge a member brought to the NCACPA Board of Directors—to plan a day where members could take to their communities and give back in some way….
By Paula McMillan, CFP, CPA/PFS, CGMA Pups and Pints was friend-filled and fun! Thirteen women and five dogs gathered at a...
By Bill Nelson On August 7, 2018, the North Carolina Department of Revenue issued a Directive (SD-18-6) requiring remote sellers to begin collecting North Carolina sales tax on sales of goods and services to North Carolina customers. The Directive is a response to the United States Supreme Court’s ruling in South Dakota v. Wayfair, Inc., which eliminated…
The Association participated in a meeting this morning at the North Carolina Department of Revenue to discuss a new directive the Department issued earlier this afternoon regarding economic nexus. Effective November 1, 2018, businesses making annual sales in excess of $100,000 or 200 transactions will be required to collect sales tax regardless of whether they…
In order to stand out in a crowded profession, many financial professionals are leveraging the escalating trend toward advisory services....
Are you considering an advisory service practice? Many financial professionals are in order to offer their clients more value-added services in the areas of business valuation, financial forensics, personal financial planning, and information management and technology assurance. One of the first steps is to consider the technology and investment required to support your new practice….