North Carolina Association of CPAs (NCACPA)

Starting in tax year 2025, North Carolina business taxpayers and tax professionals will benefit from a reduced administrative burden, thanks to advocacy efforts by NCACPA, the NC Chamber, and the Council On State Taxation. On October 30, the NC Rules Review Commission approved a rule change extending the state corporate income tax filing deadline to one month after the federal extended deadline. This additional month provides corporations, especially those with multi-state obligations, more time to thoroughly review federal returns, lowering the risk of errors and penalties. Read more: https://lnkd.in/etQN_K7s

After Hurricane Helene, NCACPA engaged FinCEN, advocating for relief on both FBAR (granted) and BOI Reporting. We're happy to announce that today FinCEN issued a notice (FIN-2024-NTC10) providing reporting relief to victims of Hurricane Helene.  Certain victims of disasters related to Hurricane Helene will receive an additional six months to submit beneficial ownership information (BOI) reports (including updates or corrections to prior reports). FinCEN is providing this relief to reporting companies that meet two requirements. Learn more about them here: https://lnkd.in/gvNdBvDU

We’re pleased to introduce Joe Baker, a committed member of the NCACPA Young Professionals Cabinet. Joe is passionate about the opportunities the Cabinet provides to shape the future of the accounting profession. "We really get to advocate for the profession and where we want to see it go here in North Carolina and generally in the country. You get to start initiatives that are important to you and see them come to fruition in the future." Joe’s experience with the YP Cabinet highlights the importance of taking an active role in guiding the direction of the profession, both locally and nationally. It’s a unique opportunity to turn your ideas into impactful initiatives. But don’t wait—the clock is ticking! Applications for the YP Cabinet are due November 4. Watch Joe’s message and discover how you can be a part of shaping the future of accounting through the YP Cabinet. Apply today before time runs out! Watch Joe's message: https://hubs.li/Q02W3z1j0 Apply to be a part of the Cabinet today: https://hubs.li/Q02W3C050 #YPCabinet #NCACPA #Advocacy #Leadership #YoungProfessionals #ApplyNow

🌟 YP Spotlight: Lorin Hartley, CPA🌟 Meet Lorin Hartley, an Assurance Supervisor at DMJPS, PLLC, who's making a huge impact in both her firm and her community! 🙌 As Treasurer of The Arc of Greensboro, Lorin exemplifies leadership, work ethic, and integrity. She’s a dedicated mentor for young accountants and a go-to resource for networking and client relations at her firm. Lorin is passionate about advocating for the profession, especially through her work with college students! 🎓 Originally from South Florida, Lorin now calls Greensboro home. She became a licensed CPA in July 2023 after earning her Master’s from UNC Greensboro and a Bachelor’s from Florida State. (Fun fact: She was on FSU’s dance team! 💃 Go Noles!) 🎶 Favorite Hype Song: Any Taylor Swift song—Lorin loves them all! 💡 Best Career Advice: “The work is similar everywhere, but it’s the people you work with who make or break your career.” 💼 Advice for Young Professionals: "Embrace the challenge! Public accounting may seem overwhelming, but it’s a chance for growth and learning!" We’re excited to spotlight professionals like Lorin who inspire the accounting community! Nominate yourself or a deserving team member today—nominees must be accounting professionals 40 and under. Visit https://hubs.li/Q02VGZC_0 to submit your nomination!

NCACPA Secures Expanded Tax Relief for Hurricane Helene Victims Through continued advocacy efforts, NCACPA successfully pushed for expanded relief provisions in SB 743, the Disaster Recovery Act of 2024—Part II. This critical legislation, passed by the General Assembly on October 24, broadens interest waiver eligibility to taxpayers affected by disrupted access to their tax preparers or necessary records, even if they are outside designated disaster counties. NCACPA worked closely with state legislators, highlighting the challenges faced by tax professionals and their clients—many of whom were still without power, water, or Internet as deadlines approached. We thank Senate Majority Leader Paul Newton and the NC Retail Merchants Association for their support in securing this measure. Read the full release: https://lnkd.in/gw3nd83r Connect with NCACPA’s Director of Advocacy Robert Broome, CAE, with questions. #NCACPA #TaxRelief #HurricaneHelene #Advocacy

🎉 Calling All Students! Ready to Explore the Limitless Possibilities in Accounting? Join us for "Accounting Exploration: Unveiling Pathways and Possibilities" on Wednesday, November 6, from 5:00–7:30 pm ET via Zoom! 🌐 This virtual event, hosted in partnership with @VSCPA and Maryland Association of CPAs (MACPA), is a perfect opportunity for college students and anyone curious about accounting to dive into the profession. 🔑 What You’ll Experience:  - Hear from professionals across various sectors sharing their unique career journeys.  - Engage in small group breakout rooms where you can ask questions and explore the field further.  - Get a chance to win prizes like gift cards! 🎁  It's not too late to register for this FREE event! Don’t miss this opportunity to learn from top industry experts. 🔗 Sign up today: https://lnkd.in/efbtCy2H 🌟 More info: https://lnkd.in/ershcarb   

Hurricane Helene left a devastating impact on our state, with estimated damages exceeding $53 billion. Many NCACPA members were directly affected by the storm, while others have clients in the hardest-hit areas. NCACPA is hosting a free CPE event on October 30, titled "Hurricane Helene Disaster Matters." Nearly 500 members have already registered—sign up today to gain the knowledge and resources you need to help individuals and businesses recover. Link in post below!

🎥✨ Mark and Courtney are here to invite YOU to join us at NCACPA's 85th Annual Symposium! With over 700 combined in-person and virtual attendees and 20+ sponsors, it's the perfect opportunity to learn, network, and connect with your peers. Register and chat with them in person!! We can’t wait to see you there! 🙌 Learn more about Symposium & register: https://hubs.li/Q02VwhJS0 #NCACPA #AnnualSymposium #AccountingProfession #Networking

This week, we’re proud to introduce Mike Trefzger, an active member of the NCACPA Young Professionals Cabinet. Beyond his role on the Cabinet, Mike is deeply involved in the A&A Resource Group, the Triangle Networking Group, and has even contributed to Interim Report. "What being an NCACPA member means to me is connecting with like-minded individuals in accounting and really getting to know the people behind the profession. I also enjoy being on NCACPA Connect, seeing what people are talking about, and expanding my network." For Mike, the NCACPA isn’t just about professional development—it’s about building meaningful relationships within the accounting community and staying engaged with the latest industry conversations. The application for the YP Cabinet is open—watch Mike’s story and discover how you can connect with peers, contribute to the community, and grow as a professional. Watch Mike's message: https://hubs.li/Q02V8Q4B0 Apply to be a part of the Cabinet today: https://hubs.li/Q02V8RTJ0 #YPCabinet #NCACPA #Networking #YoungProfessionals #ApplyNow

📢 Your Input Needed on Alternative Licensure Pathways 📢 As part of NCACPA’s ongoing advocacy efforts to strengthen the accounting pipeline, we are seeking input from our members on a critical topic: alternative pathways to CPA licensure. Two exposure drafts are open for comment, and your voice is essential to shaping the future of the profession! 🗣️ 📝 What’s at stake? - Proposed changes to the UAA Model Act and Model Rules, which could introduce a new licensure pathway and impact CPA practice mobility across states. - The CPA Competency-Based Experience Pathway, a new framework for licensure being considered. Several states have proposed or are considering other alternative pathways to licensure and measures to provide automatic license mobility to CPAs licensed in other states. 💡 How can you help? NCACPA has developed a 5-minute survey to gather member feedback on these important issues. The results will guide our board-appointed working group as they draft the Association’s official comment letter. 📅 Deadline for survey responses: November 1. 👉 Access the exposure drafts: https://hubs.li/Q02Tw0J50 👉 Take the survey: https://hubs.li/Q02Tw4l90 Your feedback is vital to our advocacy efforts and to ensuring the accounting profession remains strong and adaptable. Let your voice be heard!