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COVID-19 Updates

COVID-19 – General Update

April 4, 2020

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…

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COVID-19 – General Update

April 3, 2020

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…

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A Letter From NCADA President Robert Glaser

April 3, 2020

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…

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Employee Retention Credit

April 1, 2020

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…

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Paycheck Protection Program

April 1, 2020

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…

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Reminder – FFCRA Becomes Effective Today, April 1, 2020

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…

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Gov. Cooper Issues New Executive Orders

April 1, 2020

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…

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NC Department of Revenue Notice on Tax Relief

March 31, 2020

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…

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NC House Select Committee on COVID-19

March 31, 2020

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…

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Local “Stay at Home” Orders Conflicting with Statewide Order

March 28, 2020

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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