$40M Relief for NC Small Businesses Shuttered During Pandemic

Some small NC businesses that were ordered closed due to the coronavirus pandemic may soon get help. Gov. Roy Cooper announced Tuesday a $40 million…

Building Morale In the Virtual Workspace

As we move into month 5 of the pandemic and working remotely, the challenges we face as organizations continue to mount. One of those challenges…

Relief For Opportunity Zone Investors, New Markets Tax Credit Thanks To Coronavirus

If you were engaged in Opportunity Zone investment or New Markets Tax Credit transactions but were held up due to delays caused by coronavirus, take…

Fed Expands Main Street Lending Program

The Fed has announced revisions to the Main Street Lending Program that will make it possible for more small and midsize companies to receive financial…

PPP Forgiveness Changes as Congress Passes PPP Flexibility Act of 2020

Both houses of Congress have passed the PPP Flexibility Act of 2020, and it awaits the President’s signature, which is expected. We provide below a…

Business Interruption Insurance Claims for COVID-19

One of the many remaining uncertainties for businesses impacted by coronavirus is whether the loss of income will be covered under their business interruption insurance…

Regarding Employee Retention Credit, the PPP, and Health Insurance to Furloughed Workers

In our webinars and writings, we’ve focused a lot of attention on the Paycheck Protection  Program (PPP), but it’s important to remember that it’s not…

SBA Allows Increased PPP Loans to Partnerships, Seasonal Employers

The SBA has issued a new interim final rule permitting lenders to increase existing Paycheck Protection Program (PPP) loans to partnerships and seasonal employers.  Initial…

NC’s $1.6B Coronavirus Relief Package Includes Help for Small Businesses

North Carolina Governor Roy Cooper signed a $1.57 billion coronavirus relief package Monday to aid the state’s response to the COVID-19 pandemic. The bill was…

Relief For Individuals and Businesses Whose Tax Residence Affected By Coronavirus Travel Disruptions

The IRS will provide relief to individuals and businesses whose tax residence might be affected by cross-border travel disruptions — such as canceled flights, border…