North Carolina Society of Accountants, Inc. upcoming events

NCSA Lunch n Learn (Thursday, October 08, 2026)

Thu, 08 Oct 2026 16:30:00 GMT

NCSA Lunch n Learn

Speaker: Beth Evans, EA

Topic: Contractors Section 460 Part II

Program Number: A8FPT-T-00121-26-O

October 8, 2026, 12:30 p.m.

NCSA Member Cost $25

Non Member Cost $40

Program Description

Long-term contracts create unique tax accounting and reporting challenges for contractors and their tax professionals. This introductory webinar examines the fundamental requirements of Internal Revenue Code Section 460 and the tax accounting methods used to report income and expenses from qualifying long-term contracts.

Participants will learn how to identify a long-term contract, determine when the percentage-of-completion method is required, and recognize contracts that may qualify for an exception. The program will also cover contract cost allocation, estimating total contract costs, calculating the percentage of completion, and recognizing income during the life of a contract. Practical examples will demonstrate how Section 460 affects taxable income and tax return preparation. The webinar will also introduce the look-back method and common compliance issues encountered when working with contractor clients.

Learning Objectives

Upon completion of this webinar, participants will be able to:

Define a long-term contract under Internal Revenue Code Section 460.
Identify construction and manufacturing contracts that may be subject to Section 460.
Determine when the percentage-of-completion method is generally required.
Recognize contracts that may qualify for the home construction or small-contractor exceptions.
Distinguish between the percentage-of-completion method and the completed-contract method.
Explain how direct and indirect costs are allocated to long-term contracts.
Calculate the percentage of contract completion using the cost-to-cost method.
Explain how changes in estimated contract costs affect the recognition of taxable income.
Recognize the basic purpose of the look-back method for completed long-term contracts.

Twilight Knowledge Series(TKS) (Tuesday, October 27, 2026)

Tue, 27 Oct 2026 22:00:00 GMT

Join NCSA for the new Twilight Knowlege Series!

The Twilight Knowledge Series (TKS) will be hosting a presentation by Raina Dyer, Rental Property Tax Filings

This meeting is free to all members. Please register at www.ncsa1947.org.

NCSA Members - $25 (free for western with code)

Non Members - $40

NCSA Lunch n Learn (Thursday, November 12, 2026)

Thu, 12 Nov 2026 17:30:00 GMT

NCSA Lunch n Learn

Speaker: Raina Dyer

Topic Business Property Tax Lisitngs

NCSA Member Cost $25

Non Member Cost $40

NCSA Board of Directors Meeting (Tuesday, November 17, 2026)

Tue, 17 Nov 2026 21:30:00 GMT

North Carolina Society of Accountants Inc.

Board of Directors Meeting

Tuesday, November 17, 2026

Officers 4:30-4:45 pm. Full Board meeting 4:45 p.m.

In Person - Hilton Garden Inn - Greensboro Airport, 238 NC Hwy 68 South, Airport at PAI Park, Greensboro, NC 27409

When available, there will be a link below that contains the agenda for the upcoming Board Meeting. Please review the attached and come prepared to discuss the items you have been assigned. If you cannot attend, please have someone in your group attend with the updates.

North Carolina Society of Accountants is inviting you to a scheduled Zoom meeting.

Topic: NCSA Board of Directors Meeting

Time: Nov 17, 2026 04:45 PM Eastern Time (US and Canada)

Join Zoom Meeting:

https://us02web.zoom.us/j/89653859502?pwd=oXmEaAPLSYnPvYACPa5ZzFZjSsH8ng.1

Meeting ID: 896 5385 9502

Passcode: 634414

One tap mobile

+13017158592,,89653859502#,,,,*634414# US (Washington DC)

+13052241968,,89653859502#,,,,*634414# US

Thank you,

Mary Roberts, NCSA President

NCSA Lunch n Learn (Thursday, December 10, 2026)

Thu, 10 Dec 2026 17:30:00 GMT

NCSA Lunch n Learn

Speaker:

NCSA Member Cost $25

Non Member Cost $40