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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…

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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…

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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…

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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 – …

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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…

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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…

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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…

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