Skip to main content

NCCPAP Releases Monthly IRS Update

NCCPAP Tax Chair Steve Mankowski, CPA, CGMA recently attended the September 2021 IRS meeting. You can read his recap below, highlighting several topics including overwhelming volume at the IRS, COVID Relief Employment Tax Credits, and Tax Pro Account/Digital Authorizations.

Read More

Ken Corbin and Barry Melancon Announced as Keynote Speakers for ATS 2021

Ken Corbin and Barry Melancon, CPA, CGMA have been announced as keynote speakers of the 2021 Accounting & Tax Symposium. Mr. Melancon is the longest serving CEO in the AICPA’s 133-year history, and Ken Corbin was recently appointed to the newly created position of Chief Taxpayer Experience Officer at the IRS. Click the link below to learn more about the ATS 2021 keynote speakers.

Read More

NCCPAP Endorsed the Tax Deadline Simplification Act

The National Conference of CPA Practitioners (NCCPAP) announces its support of H.R. 4214, commonly referred to as The Tax Deadline Simplification Act. If enacted, it will simplify the quarterly installments for estimated income tax payments by individuals, changing the due dates for the second and third quarter estimated federal income tax payments to have all quarterly payments due 15 days after the end of a quarter. To see the full press release, click below.

Read More

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.”
 

Read More

Markitects, Inc.

    Phone

    Address

    Above the Historic Anthony Wayne Movie Theater

    107 W. Lancaster Avenue, Suite 203

    Wayne, PA 19087

    Email