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.
NCACPA has joined the growing chorus of organizations calling for the Treasury Department and the Internal Revenue Service (IRS) to extend the April 15 federal tax filing and payment deadline. The issue was discussed at a meeting of NCACPA’s Advocacy Advisory Council on March 8. It was the consensus of the Council to respond favorably…
On March 2, the AICPA urged federal lawmakers to extend the March 31 application deadline for Paycheck Protection Program (PPP) loans by at least 60 days. This action follows reporting that numerous processing difficulties are hampering PPP loan applications to the US Small Business Administration. The SBA recently implemented validation checks and screenings designed to…
As a third Coronavirus vaccine option arrives at clinics this week, the state of North Carolina is hoping to get more people vaccinated sooner. If you have not already received a vaccine, you may be wondering when it will be your turn in line. North Carolina is currently administering vaccines to Group 3. This category…
The Internal Revenue Service (IRS) issued guidance on March 1 for employers claiming the Employee Retention Credit (ERC) under the CARES Act, as modified by the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (Relief Act), for calendar quarters in 2020. The guidance in Notice 2021-20 is similar to the information in the ERC…
Extension only applies to families with qualifying children who did not already receive $335 grant. The North Carolina Department of Revenue (NCDOR) announced today that it is accepting applications for the $335 Extra Credit Grants through May 31, 2021 for eligible individuals who did not already receive the payments. The grant program was established in…
State legislators have filed a pair of bills that would allow business expenses associated with forgiven Paycheck Protection Program (PPP) loans to be deductible at the state level. NCACPA has not taken a position on either bill, except to advise lawmakers that swift action on the measures would eliminate the uncertainty faced by tax professionals…
NCACPA is partnering with the NC Department of Revenue on a pilot project that will make it easier for tax professionals to help clients who missed out on last year’s Extra Credit Grant due to a tax preparation software error. COVID-19 relief legislation passed in 2020 required an individual to report at least one qualifying…
The AICPA is asking the Department of the Treasury (DoT) and the Internal Revenue Service (IRS) to provide taxpayers and tax professionals with certainty and stability by announcing any pending tax filing and payment deadline postponements no later than March 1. In the attached letter sent on February 23, the AICPA urges Treasury and the…
NCACPA volunteer leaders and advocacy staff met on Wednesday, February 17 with senior staff from the N.C. Department of Revenue to discuss the association’s potential legislative priorities for the year. The meeting, which included Board Chair Kelli Knoble, Advocacy Advisory Council Chair Jason Poole, and Taxation Committee Co-Chair Jack Schmoll, also touched on several other…