DMJPS Joins Forces With Potter & Co. in North Carolina
CPA Practice
JUNE 6, 2025
As of July 1, when the deal goes into effect, top 200 accounting firm DMJPS will have more than 200 employees, 25 partners, and 10 North Carolina office locations.
North Carolina Related Topics 
Sorren Adds Williams Overman Pierce in North Carolina
CPA Practice
JULY 7, 2025
Sorren, which formed last spring and is comprised of 13 accounting firms across the U.S., has added a 14th firm to its roster—Raleigh, NC-based Williams Overman Pierce.
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Accounting Firm Abruptly Nopes Out of Tax Season Early, the Local Sheriff Is Investigating
Going Concern
MARCH 20, 2025
Some potentially juicy news coming out of North Carolina today : The Alexander County Sheriffs Office has received numerous calls related to the accounting firm of Price, Breazeale & Chastang, PA. The Sheriffs Office has been in contact with the North Carolina Board of CPA Examiners pertaining to the business.
North Carolina 
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North Carolina bill aims to fix CPA shortage
Accounting Today
MARCH 19, 2025
North Carolina is the latest state making legislative moves in hopes of expanding the pipeline of licensed accountants with an alternative path.
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North Carolina Extends PTET Election Due Date and Clarifies Franchise Tax Base Cap Computation
Cherry Bekaert
MAY 28, 2024
Contributors: Tony Konkol, Manager, State & Local Tax North Carolina Senate Bill No. 259 (Session Law 2023-134) was enacted on October 3, 2023, expanding eligibility for North Carolina’s PTET election. House Bill No. However, the maximum for the first $1,000,000 of a corporation’s tax base is $500.
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Ascend Adds Accounting Firms in New York, North Carolina
CPA Practice
JULY 7, 2025
Ascend has expanded its presence on the East Coast by adding two more accounting firms to its platform—Tronconi Segarra & Associates in Williamsville, NY, and BGW in Charlotte, NC—effective July 1.
Wayfair’s 7th birthday: Sales tax changes continue
TaxConnex
JUNE 19, 2025
Some states are trying to make post-Wayfair life easier by eliminating transaction thresholds to create economic nexus, including Alaska, North Carolina, South Dakota, California, Colorado, Iowa, Maine, North Dakota, Washington and Wisconsin. Tax breaks.
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States hit ‘Delete’ on some sales tax measures | TaxConnex
TaxConnex
AUGUST 1, 2024
North Carolina has become the latest state to ax transaction thresholds for economic nexus. Less than half the states currently have the transaction-based threshold,” reads the summary of North Carolina’s House Bill 228 (the bill progressed relatively quickly through the lawmaking process).
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Sales tax and streaming services
TaxConnex
JULY 15, 2025
Digital products” are generally taxable in Alabama, Connecticut, Idaho, Iowa, Kentucky, Louisiana, Minnesota, Mississippi, Nebraska, North Carolina, Ohio, Utah, Vermont, Wisconsin and Wyoming.
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North Carolina joins IRS Direct File
Accounting Today
AUGUST 19, 2024
The Treasury Department and the Internal Revenue Service announced that North Carolina will be the latest state to join the IRS Direct File free tax program in filing season 2025.
Sales tax and real property improvement services (part 1)
TaxConnex
JANUARY 23, 2025
New Jersey, North Carolina, New York and a few other states have specific rules around capital improvements, often distinguishing material improvements to the property (extending the life of the property or expanding its usefulness). Capital improvements.
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How To Take Advantage of Pass-Through Entity Tax in North Carolina
Cherry Bekaert
FEBRUARY 8, 2023
Stay Connected Following other jurisdictions that created a workaround from new requirements in the Tax Cuts and Jobs Act of 2017, North Carolina first enacted their pass-through entity tax (PTET) election through North Carolina Bill 105. These elections became available to businesses on January 1, 2022.
What's New in State Sales and Use Taxes
TaxConnex
MAY 6, 2021
North Carolina determined that there was no sales tax on these fees because the taxpayer’s customers don’t receive a tangible copy of or an electronic download of the software as part of the subscription fee. North Carolina does not currently tax access to cloud-based software accessed electronically over the Internet.
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DMJPS expands in Charlotte
Accounting Today
JUNE 5, 2025
EDT 1 Min Read Facebook Twitter LinkedIn Email DMJPS headquarters in Greensboro, North Carolina DMJPS PLLC, a Regional Leader based in Greensboro, North Carolina, is adding Potter & Co. Were a firm built in North Carolina — and were doubling down on that commitment."
What To Know About North Carolina Power Substations Taken Out by Gunfire
Withum
DECEMBER 7, 2022
This past Saturday two electrical substations in Moore County, North Carolina were severely damaged by gunfire leaving residents without power. The post What To Know About North Carolina Power Substations Taken Out by Gunfire appeared first on Withum. Withum Cyber Flash Report | US Critical Infrastructure.
What’s new in sales tax?
TaxConnex
DECEMBER 3, 2024
A North Carolina-based online retailer has lodged a complaint in the state’s Business Court that their tax advisory firm failed to warn about sales tax filing obligations. The motivation for such a report isn’t reported, but efforts to create a sales tax in Montana date back more than 50 years.
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What is an IRS CP14 notice? Options for balance due for unpaid taxes
MyIRSRelief
MAY 24, 2023
Louis, Missouri Omaha, Nebraska Minneapolis, Minnesota Tampa, Florida Anaheim, California Cincinnati, Ohio Honolulu, Hawaii Bakersfield, California Riverside, California Oklahoma City, Oklahoma Durham, North Carolina Wichita, Kansas St.
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Ascend adds two East Coast firms
Accounting Today
JULY 1, 2025
Ascend added two more CPA firms: BGW in Charlotte, North Carolina, and Tronconi Segarra & Associates in Williamsville, New York, effective July 1.
Sales tax and agriculture | TaxConnex
TaxConnex
AUGUST 8, 2024
Here in Illinois, the equipment exemption applies to ‘new and used farm machinery and equipment the buyer certifies will be used primarily for production agriculture,’” notes the consultancy CliftonLarsonAllen Wealth Advisors.
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Understanding the Taxability of Your Products and/or Tech Services
TaxConnex
JANUARY 7, 2021
North Carolina imposes tax on sales of e-delivered greeting cards and photographs. Ron Wyden (D-OR) which also failed to make it through the legislative branch. Slightly more than half the states now tax sales of digital products. Some states tax ringtones as digital products and some don’t.
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What is an IRS CP14 notice? Help options for balance due for unpaid taxes
MyIRSRelief
MAY 24, 2023
Louis, Missouri Omaha, Nebraska Minneapolis, Minnesota Tampa, Florida Anaheim, California Cincinnati, Ohio Honolulu, Hawaii Bakersfield, California Riverside, California Oklahoma City, Oklahoma Durham, North Carolina Wichita, Kansas St.
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IRS Extends Tax Deadlines for Hurricane Debby Victims in the Southeast
Withum
AUGUST 14, 2024
On August 9, 2024, the IRS announced relief from certain tax filing and payment deadlines for individuals and businesses in all of South Carolina, most of Florida and North Carolina, and part of Georgia that were affected by Hurricane Debby.
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Marketplace Facilitators Create Their Own Sales Tax Obligations
TaxConnex
AUGUST 24, 2021
If you are selling through a marketplace, the majority of states now have these laws in place, including, recently , Georgia, Florida, Hawaii, Wisconsin, Illinois, Michigan, South Carolina and North Carolina.
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Sales Tax on Shipping: When Does it Apply?
TaxConnex
JANUARY 11, 2022
When only some of the contents of a shipment are taxable, the shipping charges must be pro-rated in Minnesota, New Jersey, North Carolina, North Dakota, Ohio, Rhode Island, South Dakota, Vermont, Washington and Wisconsin (where a “reasonable allocation” is required). Shipping is not taxed in Nevada, but handling is.
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The Evolving Taxability of SaaS
TaxConnex
APRIL 5, 2022
Most recently: North Carolina determined that in one instance there was no sales tax on subscription fees for SaaS because the taxpayer’s customers don’t receive a tangible copy of or?an?electronic Similarly, SaaS is exempt in Illinois but is subject to a 9% personal property lease transaction tax in the city of Chicago.
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ERC IRS Audit Representation: Your Comprehensive FAQ Guide
MyIRSRelief
JULY 3, 2023
Louis, Missouri Omaha, Nebraska Minneapolis, Minnesota Tampa, Florida Anaheim, California Cincinnati, Ohio Honolulu, Hawaii Bakersfield, California Riverside, California Oklahoma City, Oklahoma Durham, North Carolina Wichita, Kansas St.
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Special Report: 2025 Readers’ Choice Awards
CPA Practice
JUNE 30, 2025
million – $4,999,999 $5 million – $10,000,000 Over $10 million Consent Policy (Required) By downloading this content, you agree to our Terms and Conditions.
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How the Accounting Community is Rallying Around Victims of Hurricane Helene
CPA Practice
OCTOBER 10, 2024
3 that was attended by members from the Georgia Society of CPAs, North Carolina Association of CPAs, South Carolina Association of CPAs, Tennessee Society of CPAs, and the Virginia Society of CPAs on disaster recovery. Last weekend, the IRS team moved to North Carolina to assist with door-to-door search efforts.
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Accounting is changing, and the world can't wait until 2026
Accounting Today
JUNE 6, 2025
By Jeff Stimpson June 5 Practice management DMJPS expands in Charlotte North Carolina Regional Leader DMJPS is adding Potter & Co. By Michael Cohn 10h ago Tax-related court cases Tax Fraud Blotter: Prep perps Bank job; the magic is gone; not a beautiful day in the Neighborhood; and other highlights of recent tax cases.
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California and New York Are Losing More Residents to Low-Tax States, IRS Says
CPA Practice
MAY 8, 2023
More than 300,000 individuals chose North Carolina as their new home. Although the effective property tax rate in North Carolina is a little higher than California’s at 0.8%, the move still saves people thousands of dollars in property taxes.
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On the move: Bowman & Co. bestows scholarships
Accounting Today
JUNE 21, 2024
Plus, North Carolina Association of CPAs names next CEO; Weaver promotes 17 to partner; and other news from across the profession.
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IRS Extends Tax Deadlines Until May For Helene Victims
CPA Practice
OCTOBER 1, 2024
The IRS on Tuesday announced disaster tax relief for all individuals and businesses affected by Hurricane Helene, including the entire states of Alabama, Georgia, North Carolina, and South Carolina, as well as parts of Florida, Tennessee, and Virginia. 25 in North Carolina, South Carolina, and Virginia; and Sept.
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Last-minute sales tax changes create difficulties for businesses
Accounting Today
JULY 19, 2024
Vermont, North Carolina, New Jersey and Ohio provide standout examples this summer. You need to be on your toes if you work in sales tax, as states are known to make substantial sales tax policy changes with little to no notice.
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Software, SaaS and Sales Tax
TaxConnex
FEBRUARY 22, 2022
North Carolina gave a SaaS licensorer a break on sales tax because customers don’t receive a tangible copy of or?an?electronic Hawaii clarified when its general excise tax applies to software sales.; electronic download of the software as part of a subscription fee. The side dishes.
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Monthly Sales and Use Tax Update
TaxConnex
JULY 15, 2021
North Carolina revenue collections for the year ending June 30 will be $1.9 billion more than once anticipated. The current-year forecast reported that corporate income and franchise taxes will be 78% higher compared to what was collected last year, with sales taxes up 16%.
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Georgia (and Florida) on My Mind
CPA Practice
AUGUST 30, 2023
[link] Hurricane and tropical storm warnings are now posted for most of the southern part of Georgia, as well as parts of South and North Carolina, where “significant storm surge will continue,” the agency stated.
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Here Are the 11 Best Online Master’s in Accounting Programs in 2023, According to Fortune
CPA Practice
MAY 8, 2023
Based on that data, Fortune ranked the top 11 online master’s in accounting programs for 2023.
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Small Biz Job Growth Improves
CPA Practice
MARCH 16, 2023
North Carolina gained 0.37 North Carolina has ranked first among states since June 2022 and has had an index above 102 since October 2021. At 99.86, the Midwest has had the strongest one-month change rate among regions for the past three months. The Midwest, led by Illinois, has gained 0.77
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Business leaders see risks in economy, cyber threats and talent
Accounting Today
FEBRUARY 13, 2025
1 risk cited by a group of business leaders, according to a new survey from Protiviti and North Carolina State University. The economy is the No.
Avalara Promises 100 More Jobs at North Carolina Office
CPA Practice
MARCH 22, 2024
By Brian Gordon, Raleigh News & Observer (TNS) With offices overlooking right field of Durham Bulls Athletic Park, the tax compliance software provider Avalara intends to add 100 workers to its downtown location in Durham, NC, by the end of the year.
Sales tax on shipping: latest updates
TaxConnex
SEPTEMBER 5, 2024
North Carolina: S&H generally taxable. North Dakota : Taxable if the product is. New Mexico: Taxable, but bear in mind that the state has a gross receipts tax , which can be passed on to the buyer or not. Ohio: Generally taxable. Oklahoma: If separately stated, exempt. Pennsylvania: Shipments are proportionately taxable.
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Finding Your Niche: Lessons from Accountants on the Specialization Journey
PANALITIX
DECEMBER 3, 2020
In the words of the founder of a North Carolina-based 12-person accounting firm, “Changing my mindset was the first important step I took in reforming my business. To ‘undo’ these habits requires a change in mindset, thought process, a cultural shift, a transformation. A concerted, long-term effort is required.
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Sales tax and Marketplaces: Who owns the responsibility?
TaxConnex
MAY 14, 2024
Among other details and typical of many of these platforms, vendors with a physical presence in a state where Etsy collects and remits state sales tax do not have to remit any tax collected on sales; the platform remits the money for the vendor.
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2023 NCGFOA Summer Conference Recap
Cherry Bekaert
AUGUST 2, 2023
Opioid Settlement Funds Opioid Settlement Funds were also highlighted, noting that governmental units need to fulfill both the requirements of the North Carolina Memorandum of Agreement (MOA) and the North Carolina Local Government Budget & Fiscal Control Act.
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