by Eric Chastaine | May 26, 2020 | Agriculture, Business Advisory, CARES Act, COVID-19
Author: Lindsey Jackson, CPA | Tax Manager Late Friday the SBA published an Interim Final Rule addressing several items related to PPP loan forgiveness. The IFR is rather lengthy at 26 pages, but does address many frequently asked questions we have received the past...
by Eric Chastaine | May 14, 2020 | Agriculture, Business Advisory, CARES Act, COVID-19, PPP Program, Small Business, Tax
Our prior announcement of May 6th provided information on additional guidance issued for the Paycheck Protection Program (PPP) regarding the repayment of funds received. Initially the guidance provided that recipients of PPP funds had until May 7th to...
by Eric Chastaine | May 6, 2020 | COVID-19, CARES Act, PPP Program, Small Business
On Monday, May 4th N.C. governor Roy Cooper signed House Bill 1043 which included $125 million to provide funding for the NC COVID-19 Rapid Recovery Loan Program. This program seeks to assist North Carolina businesses by providing additional funding to small...
by Eric Chastaine | Apr 30, 2020 | CARES Act, Agriculture, COVID-19, PPP Program
The Paycheck Protection Program and Health Care Enhancement Act that was signed into law on April 24th included two notable provisions regarding Economic Injury Disaster Loans (EIDL) and grants. The funding for EIDL is increased from $10 billion to $20...
by Eric Chastaine | Apr 30, 2020 | PPP Program, CARES Act, COVID-19, Tax
DEFERRAL OF EMPLOYMENT TAX DEPOSITS The IRS has issued frequently asked questions (FAQs) on the payroll tax deferral opportunity provided by the Coronavirus, Aid, Relief, and Economic Security (CARES) Act (Public Law 116-136). Under that provision, employers of all...
by Eric Chastaine | Apr 30, 2020 | Uncategorized, Business Advisory, CARES Act, COVID-19, Small Business
On April 9, the Federal Reserve announced additional actions it will take, providing up to $2.3 trillion in loans to support the U.S. economy. The Federal Reserve believes this funding will assist households and employers of all sizes, bolstering the ability...
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