by Eric Chastaine | Sep 10, 2020 | CARES Act, Agriculture, Business Advisory, COVID-19, Financial Services, PPP Program, Small Business, Tax
Author: Lindsey Jackson, CPA The Internal Revenue Service issued guidance regarding the employee payroll tax deferral described in the Presidential memorandum from August 8th. IRS Notice 2020-65 provides details to employers who are considering taking advantage of the...
by Eric Chastaine | Jun 17, 2020 | PPP Program, CARES Act, COVID-19, Small Business
Author: Lindsey Jackson Late yesterday the SBA finalized and released two loan forgiveness applications which can be accessed online at https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program. The first is a revised...
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 11, 2020 | Uncategorized, Financial Services, Small Business, Tax
The current market conditions created by the COVID-19 pandemic have forced businesses across the country to grapple with a number of difficult challenges. With the stock market dropping to historic lows and closely-held family businesses experiencing a downturn in...
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 | 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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