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 US House of Representatives passed the Mobile Workforce State Income Tax Simplification Act of 2015, H.R. 2315, by voice vote on September 21. The bill would establish a uniform national standard governing the withholding of state income taxes for nonresident employees. Many state CPA societies sent letters to their representatives in the House urging…
NCACPA continues to work to soften the blow of the U.S. Department of Labor’s (DOL) overtime rule that will take effect later this year. The rule, announced by DOL in May, includes a salary threshold increase for white-collar salaried employees. The increase will double the current threshold of $23,660 to $47,476 on December 1, giving…
On Friday, September 23, 2016, the North Carolina Supreme Court issued its decision in the case of Commscope Credit Union v. Butler & Burke LLP, which reversed the NC Court of Appeals’ former ruling that an auditor might have a fiduciary duty to his or her client. The association has been actively involved in this…
September 21, 2016 The NCDOR’s Sales and Use Tax Division has issued Form E-505 which includes an overview of the many changes enacted by the 2016 Session of the NC General Assembly to the taxes administered by the Sales and Use Tax Division. This form includes an overview of many changes enacted by the…
IRS Urges Employers to Take Advantage of Expanded Work Opportunity Tax Credit; Employers Have Until Sept. 28 to Request Certification for Many New Hires WASHINGTON – With a key certification deadline fast approaching, the Internal Revenue Service today urged employers to take advantage of a valuable tax credit designed to help those who hire long-term…
Important Notice: Exemption for Certain Products Made of Recycled Materials Effective October 1, 2016, N.C. Gen. Stat. § 105-164.13(68) provides an exemption from sales and use tax for the sale at retail or the storage, use, or consumption in this State of “products that are made of more than seventy-five percent (75%) by weight of…
Since the Enhancing Audit Quality initiative was launched in 2014, the AICPA has continued to see improvements in audit quality as a result of its collective efforts with state CPA societies. As part of the initiative, the AICPA implemented several programs that promote audit quality and support the profession’s ongoing commitment to quality improvement. A new report, AICPA…
As an update on NCACPA’s collaboration with the DOR, members of our Tax Modernization Task Force and CEO Sharon Bryson participated in a meeting with the DOR focused on HB1030 on September 7. The meeting was quite productive and served as an opportunity for the DOR to receive feedback on RMI from representatives of multiple professions. In addition to NCACPA…
September 2, 2016 WASHINGTON – The Internal Revenue Service today warned tax professionals of a new wave of attacks that allow identity thieves to file fraudulent tax returns by remotely taking over practitioners’ computers. As part of the Security Summit effort, the IRS urged tax professionals to review their tax preparation software settings and immediately…
On Monday, August 29, NCACPA held a meeting between its Tax Modernization Task Force and representatives from the North Carolina Department of Revenue. It was a great opportunity for the association establish itself as a trusted resource to the Department, particularly as the DOR continues to work through complexities in the RMI sales tax area….