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.
Michael P. Arriola was sworn-in as the U.S. Small Business Administration (SBA) North Carolina District Director during a ceremony on May 24, 2021. In this role, Arriola will oversee an office that drives economic development by assisting local entrepreneurs to start and grow businesses. He will also direct the implementation of SBA programs related to…
On May 26, the Senate Finance Committee approved a bevy of significant changes to state tax law along with a program to provide $1 billion in additional relief to businesses impacted by the COVID-19 pandemic. The 41-page measure was presented as an amendment that rewrites HB 334, the House’s proposal to allow businesses to claim…
A top legislative priority for NCACPA was signed into law by Governor Roy Cooper on April 27, shortly after the bill received unanimous approval by the Senate. Under HB 279 (S.L. 2021-16), North Carolina waives any interest accrued on the underpayment of individual income taxes between April 15, 2021, and the extended filing deadline of…
The North Carolina House of Representatives approved legislation this week that would align the state tax code with two recent federal tax changes. As the May 17 filing deadline looms, it is unclear whether the Senate will go along with the proposal. The House was expected to adopt HB 334 on third reading on Tuesday….
The Treasury Department and the Internal Revenue Service issued Revenue Procedure 2021-20 for certain businesses that received first-round Paycheck Protection Program (PPP) loans but did not deduct any of the original eligible expenses because they relied on guidance issued before the enactment of tax relief legislation in December 2020. Under prior guidance, businesses that received…
Upon their return from spring break, lawmakers in the House quickly moved this week to adopt legislation supported by NCACPA that would waive the interest accrued on the underpayment of individual income taxes between April 15, 2021, and the extended filing deadline of May 17, 2021. On Tuesday, the House Finance Committee approved an amendment…
For months, state legislative leaders steadfastly refused the idea of conforming to a federal tax deduction for recipients of forgiven Paycheck Protection Program loans. That sentiment changed in early mid-April as the House of Representatives moved ahead with HB 334. The bill creates a $400 million tax break for North Carolina businesses by allowing them…
