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 North Carolina Department of Revenue issued an Important Notice titled Impact of the American Rescue Plan of 2021 and the Consolidated Appropriations Act of 2021 on North Carolina’s 2020 Individual Income Tax Return on October 8, 2021. The notice addresses the state’s tax treatment of various COVID-19 relief provisions excluding certain items of income…
The U.S. has seen historic levels of federal funding in response to the COVID-19 pandemic. Various laws, including the CARES...
Individuals and households affected by Tropical Storm Fred that reside or have a business in Avery, Buncombe, Haywood, Madison, Transylvania, Watauga and Yancey counties qualify for federal and state tax relief under notices released by the Internal Revenue Service and the North Carolina Department of Revenue. Federal tax-filing and tax-payment deadlines falling on or after August…
Under a new state law, North Carolina businesses and not-for-profit entities now have greater flexibility to conduct corporate meetings and other business electronically. HB 320 (S.L. 2021-162) authorizes remote meetings of corporation shareholders, nonprofit corporation members, and mutual insurance company policy holders. It also authorizes nonprofit corporations to conduct all business electronically, and makes several…
The U.S. Department of Labor Employee Benefit Security Administration (EBSA) Office of the Chief Accountant (OCA) is planning to conduct a study to assess the quality of audit work performed by independent qualified public accountants (IQPAs) with respect to financial statement audits of employee benefit plans covered under the Employee Retirement Income Security Act of…
Individuals and households affected by Tropical Storm Fred that reside or have a business in the North Carolina counties of Avery, Buncombe, Haywood, Madison, Transylvania, Watauga, and Yancey qualify for tax relief according to an announcement from the Internal Revenue Service on September 10, 2021. Tax-filing and tax-payment deadlines falling on or after August 16, 2021,…
NCACPA Launches IRS Penalty Relief Social Media Campaign The coronavirus pandemic and a plummeting drop in service levels at the IRS are causing hardships for accounting professionals and taxpayers across North Carolina and the nation. IRS penalties have made an already difficult experience even harder. On September 7 and 8, NCACPA joins AICPA and several…
Originally posted on August 26, 2021 Updated September 10, 2021 The NC Department of Revenue issued an Important Notice on August 23, 2021 updating information about North Carolina Withholding Tax. The NCDOR provided NCACPA with a copy of the draft notice and solicited our comments and suggestions prior to its release. NCACPA is grateful to…
2020 was tough. COVID-19 made firms of all sizes put their heads down and focus on the rapidly evolving situation...
Six weeks after the Senate passed its version of the biennial state budget, the House voted to approve a rewrite with their own tax and spending priorities. SB 105 passed third consideration by a vote of 72-41. The House stayed within the agreed upon spending caps of $25.7 billion for FY 2021-22 and $26.6 billion…