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, CARES Act, COVID-19, Financial Services, PPP Program
On Thursday, April 9, 2020 the IRS issued updated guidance on three (3) important pieces of the CARES Act and COVID relief legislation. The new guidance is focused around filing and payment deadlines, claiming net operating losses (NOL) and additional guidance on...
by Eric Chastaine | Apr 30, 2020 | Financial Services, Agriculture, Business Advisory, CARES Act, COVID-19, PPP Program, Small Business, Tax
One of the more highly anticipated pieces of the CARES Act legislation recently signed into law is the Paycheck Protection Program (PPP). This program authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19...
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