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In formal comments submitted to the U.S. Department of Education, NCACPA urged policymakers to ensure that accounting programs are properly recognized as professional degree programs under proposed federal rules governing student loan limits. At stake is more than regulatory language. How the federal government defines a “professional degree” sends a signal about which careers require…

February 25, 2026 The Governmental Accounting Standards Board (GASB) has released a proposed Implementation Guide with guidance intended to clarify, explain, or elaborate on the requirements related to subsidies in Statement No. 103, Financial Reporting Model Improvements. The proposed implementation guidance on Financial Reporting Model Improvements—Subsidies addresses the application of GASB requirements under Statement 103,…

IR-2026-22, Feb. 9, 2026 The Internal Revenue Service announced a new expansion of Tax Pro Account, introducing business-level digital capabilities for tax professionals who work in tax-preparation companies, accounting firms, or other organizations. This release allows designated business representatives to: – Manage business CAF access, including specifying which employees are authorized to act under the…

North Carolina residents who received unemployment benefits in 2025 can now view or download their 1099-G tax form online through their secure MyNCUIBenefits account at the N.C. Division of Employment Security (DES) website. Paper copies will be mailed to those who requested one through January 31, with delivery expected to all recipients by early February. To…

NC Department of Revenue Issues Guidance on Cash Rounding Amid Penny Shortage The North Carolina Department of Revenue (NCDOR) has issued new guidance addressing how retailers should handle cash transaction rounding following the U.S. Mint’s decision to halt production of the one-cent coin. On November 12, 2025, the U.S. Mint announced it had produced its…