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 Department of Labor has released its final rule “Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales and Computer Employees” which outlines updates to the Department’s overtime rule. The rule goes into effect December 1, 2016. These changes include: An increase in the standard exemption from $455/week to $913/week or approximately $47,476…
Conferees to work on SB726, IRC Update, have been identified for both the North Carolina House and Senate. They are as follows: House Rep. William Brawley, Chair Rep. Jason Saine Rep. Julia C. Howard Rep. John Szoka Rep. Rick Catlin Rep. Ken Goodman Senate Sen. Bob Rucho, Chair Sen. Bill Rabon Sen. Jerry W. Tillman…
As of May 11, 2016, SB 726, IRC Update, has not moved forward in the General Assembly. Senator Rucho asked the Senate yesterday afternoon not to concur with the House’s addition of the leaking underground storage tank provision, which consequently was agreed upon by a vote of 45-1. The next step will be for the…
The Senate of the North Carolina General Assembly met briefly this morning without taking up any bills for consideration, including SB 726, IRC Update. The Senate has placed the bill on its calendar for Tuesday, May 10. The association’s legal counsel has contacted several legislators to urge quick passage and enactment of the bill, and…
NC SB 726, IRC Update, won final House passage on Wednesday, May 3, 2016, by a vote of 76-35, and will go to the Senate as amended, likely today when they convene at 11:00 am. Before that vote, however, the bill was amended by Rep. Rick Catlin (R-Wilmington), to allow exclusion from taxpayers’ gross income…
The House Committee on Finance of the North Carolina General Assembly will consider SB 726, IRC Update, and SB 729, Various Changes to Revenue Laws, in a meeting this morning, May 3, 2016. The association will keep members informed as to the results of the committee’s meeting.
The IRC Update bill (SB726) is likely to go to the Senate floor this week for voting and could make it to the House Finance Committee next week. This is the same IRC Update bill that passed the General Assembly last year. This is great news for the profession, as a timely consensus on IRC conformity…
In the Public Accounting vs. Industry blog series, NCACPA member Abby Smith outlines how a career in public accounting is different...
In the Public Accounting vs. Industry blog series, NCACPA member Abby Smith outlines how a career in public accounting is different...
By: Ken Tysiac, Journal of Accountancy As the business environment has changed, a shift has occurred in the type of work newly licensed CPAs perform. Technical proficiency of accounting, auditing, and tax concepts remains important. Following the AICPA Examinations team’s most recent practice analysis, feedback from the profession indicated that the Uniform CPA Examination should…