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.
Millions of eligible individuals have already received their Economic Impact Payments. Some people, including those who received a payment for a deceased individual, may be unsure whether they should return a payment. Here is additional information about returning an Economic Impact Payment: How should an individual return an Economic Impact Payment? Mail the payment to…
Yesterday, June 17, 2020, the U.S. Small Business Administration (SBA), in consultation with the Department of the Treasury, posted a revised, borrower-friendly Paycheck Protection Program (PPP) loan forgiveness application implementing the PPP Flexibility Act of 2020, signed into law by President Trump on June 5, 2020. In addition to revising the full forgiveness application, SBA…
Deadline applies to individual income, corporate income, and franchise tax RALEIGH – The North Carolina Department of Revenue (NCDOR) issued a reminder today that state tax returns and payments are due one month from today on July 15, 2020. As part of the state’s response to the COVID-19 pandemic, the NCDOR automatically extended the time…
Approves Standards to Improve Convertible Instruments and Contracts in an Entity’s Own Equity, Gifts-in-Kind; Delays Standard on Long-Duration Insurance Contracts by One Year Norwalk, CT—June 10, 2020—The Financial Accounting Standards Board (FASB) approved the issuance of two upcoming Accounting Standards Updates (ASUs): one that improves financial reporting associated with accounting for convertible instruments and contracts…
The North Carolina Association of CPAs is deeply committed to our focus on diversity and inclusion, a focus embedded in valuing and respecting individuals and their perspectives, and working to promote true inclusiveness within our organization and the accounting profession we serve. We are unable to give true meaning to the words above without acknowledging…
On Tuesday, June 2, members of the association’s executive staff and select committee leadership participated in a call with US Senator Richard Burr and his senior staff to discuss issues relating to recent legislation. Senator Burr’s office followed-up with the association last evening with the news that the PPP Flexibility Act (HR 7010) just passed…
What follows is a link providing a summary of House Bill 1080, prepared by Bill Nelson, with the law firm of Smith Anderson. This article summarizes the more important provisions of the current version of this tax bill, which has passed its first reading and is now in committee. www.SmithLaw.com/resources-publications-1601.html
Summer 2020: Virtual Events Only Through July 31st For the safety of all, and to give us time to prepare our NCACPA Education Center and develop best safety practices with our event facilities and speakers, we have moved all CPE events (conferences, seminars and workshops) between May and July 31st to virtual-only. We will continue…
By Susan S. Coffey, CPA, CGMA On Wednesday, May 20, the AICPA took a big step toward propelling the CPA profession into the future. As a reminder, CPA Evolution is a joint effort of the AICPA and the National Association of State Boards of Accountancy (NASBA) to design and implement a new approach to CPA…
NASBA and the Boards of Accountancy compiled the latest information on Notice to Schedule (NTS) extension information for each jurisdiction. Please note this map will be updated immediately following any changes to Board of Accountancy NTS extension policies. Additionally, the chart below provides jurisdiction by jurisdiction information on updated exam credit extension policies as reported…