COVID-19 – General Update
SBA Issues Additional Interim Final Rule on Affiliations The U.S. Small Business Administration issued an additional interim final rule on the application of the SBA’s affiliation rules to loan applications…
Read MoreCOVID-19 – General Update
April 3, 2020 SBA Issues Interim Final Rule On PPP Last night, the U.S. Small Business Administration issued an Interim Final Rule providing guidance on key provisions and the operation…
Read MoreA Letter From NCADA President Robert Glaser
Dear NCADA members: Just a short three weeks ago, we were worried about Duke vs. UNC as a possible matchup in the ACC tournament in Greensboro. Times have certainly changed and…
Read MoreEmployee Retention Credit
The Treasury Department and the Internal Revenue Service have launched the Employee Retention Credit, designed to encourage businesses to keep employees on their payroll. The refundable tax credit is 50…
Read MorePaycheck Protection Program
The small business Paycheck Protection Program begins accepting applications this Friday, April 3, 2020. The Paycheck Protection Program provides small businesses with funds to pay up to 8 weeks of…
Read MoreReminder – FFCRA Becomes Effective Today, April 1, 2020
The federal Families First Coronavirus Response Act (FFCRA) becomes effective today, April 1, 2020, and requires employers with less than 500 employees to provide their employees with paid sick leave…
Read MoreGov. Cooper Issues New Executive Orders
Governor Cooper has issued two additional executive orders this week to address COVID-19 related issues. Executive Order 122, issued March 30, 2020, eases regulations on the disposition of state surplus property…
Read MoreNC Department of Revenue Notice on Tax Relief
The North Carolina Department of Revenue has issued an Important Notice: Department of Revenue Expands Penalty Relief for Taxpayers Affected by Coronavirus Disease 2019 (COVID-19). The Department notes that penalties will…
Read MoreNC House Select Committee on COVID-19
Various subcommittee “working groups” of the newly appointed North Carolina House of Representatives of Select Committee on COVID-19 are continuing to meet remotely this week, to begin the preliminary work to develop…
Read MoreLocal “Stay at Home” Orders Conflicting with Statewide Order
NCADA is currently working to address the impact of various local government “stay at home” orders in the State which conflict with Governor Cooper’s Executive Order 121 that recognized “automobile…
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