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 Financial Crimes Enforcement Network (FinCEN) has announced that it will temporarily halt enforcement actions, including fines and penalties, for businesses that fail to meet the current deadlines for filing or updating beneficial ownership information (BOI) reports under the Corporate Transparency Act (CTA). This pause will remain in effect until a forthcoming interim final rule…
The North Carolina House of Representatives has passed House Bill 48, a measure backed by NCACPA that provides a tax credit for employers based on their Unemployment Insurance (UI) tax payments. What This Means for Employers If your business paid taxable wages in Q4 of 2024, you may be eligible for a tax credit equal…
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FinCEN has extended the beneficial ownership information (BOI) reporting deadline to March 21, 2025—but uncertainty remains for businesses and CPAs navigating compliance. Read the full news release here. With potential further modifications and exemptions, staying informed is crucial. NCACPA supports H.R. 736, a bill to push the deadline to January 1, 2026, providing much-needed clarity….
In January 2025, the NCACPA Board of Directors voted to support legislation introducing an additional pathway to CPA licensure in North Carolina: A bachelor’s degree with a concentration in accounting + 2 years of relevant professional experience + passage of the CPA Exam. NCACPA Chair Dr. Courtney Knoll, CPA, emphasized the Board’s commitment to strengthening…
The Association remains steadfast in advocating for the future of the CPA profession, and on December 18, NCACPA submitted a second comment letter to Dan Vuckovich, NASBA UAA Committee Chair, and Thomas Neill, AICPA UAA Committee Chair. In our letter, proposed changes in the Exposure Draft regarding alternative pathways were addressed. While the Association commends…
NCACPA has been actively engaging its members to provide feedback on two recent exposure drafts concerning alternative pathways to CPA licensure. In October 2024, NCACPA launched a survey to gather member input on these proposals. The insights collected were instrumental for a board-appointed working group in formulating the Association’s official comment letter, which was submitted…
NCACPA is engaging federal officials on all fronts to request a delay in the January 1, 2025, deadline for companies to file beneficial ownership information (BOI) reports with the Financial Crimes Enforcement Network (FinCEN). While many CPAs and public accounting firms in North Carolina are providing assistance to clients with BOI report preparation and submission,…
The BOI reporting deadline is here, and the stakes are high. Millions of businesses need to file BOI reports this year, and many will turn to their trusted tax advisors for help. With businesses facing stiff penalties for non-compliance, accountants are in a unique position to help clients meet filing requirements while strengthening their advisory…