NCCPAP Announces Call to Action following IRS Notice
The National Conference of CPA Practitioners (NCCPAP), an organization representing Certified Public Accountants (CPAs) and other tax professionals, announces its call to action against IRS Notice 2021-49.
“Last week, the Internal Revenue Service released Notice 2021-49 in response to repeated requests by the accounting and business communities to provide clarification regarding rules governing the Employee Retention Credit (ERC). In so doing, the IRS issued a damaging blow to those businesses hardest hit by the COVID-19 pandemic—small family-owned businesses.”
The letter continues, “Under this guidance, the wages of the owner and their spouse no longer qualify for an ERC if the owner has ANY CLOSE LIVING RELATIVE, regardless of them being employed by the business. A close relative is defined as your child, sibling, parents, uncle, aunt, niece, nephew, or any in-law. It does not have to be a relative you employ; the existence of any living relative disqualifies a small business owner and their spouse from claiming an ERC on their earnings.”
Long Term Care Insurance Experts to be Featured Speakers at ATS 2021
Long term care planning experts, Natalie Karp and Rona Loshak, will speak at ATS 2021 about leveraging tax incentives for the mass affluent. Watch the video below to learn more about their presentation and the Symposium.
NCCPAP Issues an Update from the IRS
NCCPAP Tax Chair, Steve Mankowski, CPA, recently attended the July 2021 IRS meeting. You can read his recap below, highlighting several topics including Office of Promoter Investigations, Fraud Enforcement Office Update, and the introduction of several new Office Directors.
Announcing the 19th Annual Accounting & Tax Symposium
This year’s 19th Annual Accounting & Tax Symposium (formerly LITPS) will again be virtual and national. Based on the success of the first virtual event last year, ATS is offering relevant & timely topics, nationally recognized speakers, an enhanced Lunch & Learn for networking, and up to 32 CPE Credits! ATS has spent hundreds of hours enhancing your Tax Symposium to make this a memorable event with the quality and exceptional education experience that you deserve. The event will take place on November 9, 12, 16, and 18, 2021.
NCCPAP Issues an Update from the IRS
NCCPAP Tax Chair, Steve Mankowski, CPA, recently attended the June 2021 IRS meeting. You can read his recap below, highlighting several topics including large corporate compliance audits, child tax credit updates, passport revocation update, and the marijuana industry.
NCCPAP Shares June President’s Message
NCCPAP recently held its National Quarterly Conference on June 7-9, 2021. Our summary of important topics includes: meetings with congress and the IRS, national officers and return to in-person meetings, expansion of scholarships and academic articles for members.
NCCPAP Issues an Update from the IRS
NCCPAP Tax Chair, Steve Mankowski, CPA, recently attended the May 2021 IRS meeting. You can read his recap below, highlighting several topics including filing season statistics, restaurant revitalization, and Small Business/Self-Employed Division updates.
NCCPAP Issues an Update from the IRS
NCCPAP Tax Chair, Steve Mankowski, CPA, recently attended the April 2021 IRS meeting. You can read his recap below, highlighting several topics including an Update on the New Tax Pro Account Release and a Spotlight on Criminal Investigation Programs.
NCCPAP in the News
NCCPAP is gaining more and more visibility in the media. Over the past several months, NCCPAP Board Members and our CPA member experts have been tapped as trusted sources for tax and regulatory information and advocacy. Some recent examples include New York Times, Accounting Today, Fox Business, & Newsday.
NCCPAP Issues an Update from the IRS
NCCPAP Tax Chair, Steve Mankowski, CPA, recently attended the March 2021 IRS meeting. You can read his recap below, highlighting several topics including Current Filing Statistics, Improvements to The Taxpayer Experience, and COVID-related Retirement Plan Relief.