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.
In response to a request from NCACPA, the NCDOR issued revised guidance to clarify when taxpayers should add back expenses paid using the proceeds of a forgiven PPP loan. The timing of the addback of expenses has been the subject of questions and concerns raised by NCACPA members on our Connect platform, especially after Congress passed legislation in December 2020 ensuring that such expenses…
NCACPA worked with Senator Richard Burr (R-NC) to help ensure that businesses could fully participate in the Paycheck Protection Program (PPP) and claim the Employee Retention Tax Credit (ERTC). Following our meeting with his legislative staff, Senator Burr co-signed a letter with Senator Maggie Hassan (D-NH) to encourage federal regulators to issue guidance making it clear that businesses can use PPP and…
After a tax software glitch prevented certain taxpayers from automatically receiving the $335 Extra Credit Grant in 2020, NCACPA worked with lawmakers and regulators on a solution that allowed practitioners to easily apply for the grant on behalf of their qualifying clients while avoiding time-consuming and costly preparation of amended returns. The bill received unanimous support in the General Assembly and became Session Law 2021-1. NCACPA later partnered with the NCDOR to create a user-friendly and…
1. Acceptance of Terms These Terms of Use (“Terms”) are an agreement between you (“user,” “you” or “your”) and the North Carolina Association of Certified Public Accountants (“NCACPA,” “Organization,” “we,” “us” or “our”), concerning your access to and use of the website, https://ncacpa.org/, or any of our related websites or applications that link to this…
Each year, the NCACPA’s Tax Resource Group meets with executive staff of the NC Department of Revenue to build relationships, make suggestions, identify key personnel who can assist in resolving issues, and collectively solve problems. This annual meeting also provides an opportunity to submit questions to the NCDOR that come directly from NCACPA members. The…
The North Carolina Department of Revenue began accepting applications for Business Recovery Grants on Thursday, December 16, 2021. The Business Recovery Grant Program will issue a one-time payment to eligible North Carolina businesses that experienced significant economic loss due to COVID-19. The application period closes January 31, 2022. The NCDOR will administer the program. Two types of grants…
A personal note to our members: It is amazing to consider all NCACPA has focused on and accomplished in the DEI space over the past couple of years, and I would like to share an update with you. I am honored to work alongside a board of directors, an internal team, and numerous volunteers who…
11.19.2021 By William W. Nelson On November 15, 2021, after months of negotiations and four and a half months into the new fiscal year, the North Carolina General Assembly released Senate Bill 105, its proposed budget bill (the “Bill”). Both Chambers rapidly passed the measure, and Governor Cooper signed it on November 18. This Alert…
