Skip to content

NCADA

Posts by Bridget Johnson

A 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 for the first time in 25 years, I thought it best to send a note to all NCADA members, leaders and managers discussing the concerns…

Read More

Employee 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 percent of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19. “We encourage businesses to take…

Read More

Paycheck 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 payroll costs including benefits.  Funds can also be used to pay interest on mortgages, rent and utilities. Fully Forgiven Loans – Funds are provided in the form…

Read More

Reminder – 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 and expanded family and medical leave for specified reasons related to COVID-19. These provisions will apply from April 1, 2020 through December 31, 2020. REMINDER – …

Read More

Gov. 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 to help schools and local governments access state surplus property to help bridge gaps during the response to COVID-19. The Order also provides for the…

Read More

NC 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 not be imposed for late filing or payments of many tax types, including sales and use and withholding taxes, through July 15, 2020. Previously, the…

Read More

NC 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 possible legislative responses to the COVID-19 crisis. Earlier today, the Working Group on Economic Support met to discuss the initial impacts of COVID-19 on small business in…

Read More

Local “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 dealers” and “auto supply, sales,… auto-repair” as Essential Businesses and Operations exempt from the general non-essential business closure order, provided certain other requirements of the…

Read More

Executive Order 120 Issued Prohibiting Mass Gatherings of More Than 50 and Closes Some Businesses

Governor Cooper Issues New Executive Order 120 Governor Cooper issued Executive Order 120 on Monday, March 23, 2020, to implement additional measures to address the impact of the COVID-19 pandemic in North Carolina.  See details in Executive Order listed below. Executive Order 120 – Issued March 23, 2020 This order announces additional measures to address the COVID-19…

Read More

COVID-19 Tax Extension Pushes Deadline to July 15, 2020

NCDOR Announces Tax Filing Deadline Extension To July 15, 2020 The North Carolina Department of Revenue has announced that the deadline for the filing of North Carolina income tax returns for individual, corporate, and franchise taxes will be extended to July 15, 2020, to match the announced deadline change from the Internal Revenue Service.  The…

Read More