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 AICPA’s Firm Services Team has put together a statement on CPAs as agents for Paycheck Protection Program applications that the Treasury Department released earlier this week. It is available in the SBA Paycheck Protection Program resources for CPAs section of the AICPA’s COVID-19 Resource Center, along with other helpful tools for small firms. The…
The AICPA has developed lots of great tax-related resources on COVID-19, and the content is now available to all AICPA members on the coronavirus (COVID-19) tax resources page. Coronavirus Individual Client Letter Coronavirus Business Client Letter Coronavirus Tax Snapshot for Clients CARES Act and Families First Coronavirus Response Act Summary CARES Act Stimulus Calculator (open…
NCACPA received this news release from NC General Assembly staff sharing hopeful news, as NC leaders announced joint bipartisan support for deferring accrual of interest on state income taxes filed before July 15, 2020. This information appeared in a joint statement released by General Assembly lawmakers and Governor Roy Cooper. The General Assembly and Governor…
On March 27, 2020 President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (HR 748) (“CARES Act”) shortly after the bill cleared the House. The Senate had passed the measure the day before. The CARES Act is the third phase of Congress’s response to the coronavirus (COVID-19) emergency. The most significant business and…
A message from the NASBA Examination Team Dear CPA Examination Candidate, During this unique time, we understand CPA Exam candidates are concerned about their testing options. Although Prometric Test Centers in many parts of the world are currently closed due to the COVID-19 virus, we wanted to share some good news with you. In response…
The North Carolina Department of Revenue (NCDOR) published the following notice in response to the COVID-19 outbreak: Important Notice: Department of Revenue Expands Penalty Relief for Taxpayers Affected by Coronavirus Disease 2019 (COVID-19) If you have questions, you may call 1-877-252-3052 to speak with a customer service representative or write to Customer Service, PO Box…
To help taxpayers and the tax professional community during this COVID-19 period, effective immediately, the IRS will begin temporarily accepting images of signatures (scanned or photographed) and digital signatures on documents related to the determination or collection of tax liability. In addition, the IRS is allowing IRS employees to accept documents via email and to…
By Charles Kabugo-Musoke, Peter Bosman and Bart Norman On March 23, 2020, the Board of Governors of the Federal Reserve System (the “Federal Reserve”) announced a series of actions intended to support the United States economy during the unprecedented financial crisis caused by the outbreak of the coronavirus (COVID-19) pandemic. The Federal Reserve’s announcement describes…
We received the following information from the AICPA over the weekend to share with our members: Update – IRS information service lines closed Late last week, the IRS closed the Practitioner Priority Service hotline, the e-Services Help Desk and the Centralized Authorization File (CAF) office because they have limited staff available to work. To help you…
The US Department of Labor (USDOL) released this mandatory employee notice poster outlining what the USDOL has issued for employee rights regarding paid sick leave and expanded family and medical leave under the Families First Coronavirus Response Act (FFRCA).