Information Collection & Maintenance Related to the New Beneficial Ownership Information (BOI) Regulations Don’t miss out on this important session featuring our guest speaker, Melanie Lauridsen, Director of Tax Practice & Ethics at AICPA. She will be speaking about the new...
Tax Update – April 2023 Inherited Individual Retirement Accounts (IRAs) There are some notable, but mostly beneficial, rule changes related to IRAs and RMDs . Beginning in 2023, the SECURE 2.0 Act raised the required age that you must begin taking RMDs, to 73. If you reach age...
Tax Update – March 2023 Tax Year Progress From the IRS’s perspective, there is NO March Madness. They have cleared the carryover backlog for original return processing. The average answer time and level of service have vastly improved to over 80% level of service. Taxpayers...
Tax Update – February 2023 Filing Season Update, At a Glance Filing season is going well; there is only a small amount of carryover from last year, which was expected to be finalized at the end of January. There are over eight million refunds averaging $1,900 each. Refunds...
Tax Update – January 2023 Changes in Tax Law for Current Season (at a glance) Child Tax Credit has been reduced, back down to $2K (from $3K) per child Gift Tax for 2023 increases to $17K Mortgage insurance (on Schedule A) is no longer deductible $300/$600 deduction for...
Thank you to all that attended and participated in our January NCCPAP NOW event. It was another great success, and we hope you enjoyed the topics presented. This session covered the latest happenings in the profession including a message from the NCCPAP President, a tax update (based on...
Engagement Letters Designed to Protect You and Your Clients Don’t miss out on this important session featuring our Executive Vice President, Norman M. Fleischer, CPA, who will cover the topic of engagement letters. By attending this NCCPAP NOW series, you will understand how to improve...
By Frank Sands CPA, National President, NCCPAP Here are a few thoughts from my perspective. We are experiencing challenging times for CPAs, especially for those of us who lead small firms or are sole practitioners. The Inflation Reduction Act (IRA) and the new Statements on Standards for...
Congratulations to Stephen Mankowski, CPA, CGMA, our NCCPAP Tax Co-Chair, for being recognized by Accounting Today in its popular annual industry publication: Top 100 Most Influential People in Accounting . This is Steve's fourth time making the list and NCCPAP is lucky to have him as an...
Tax Update – November 2022 What's New How is the IRS looking to spend its funds? Tax law provisions An implementation plan (by February) Implementation, processes, and ongoing communications feedback The IRS is working on improvements that have been in the works for...