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…
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…
Read MoreGovernor Cooper Issues Statewide “Stay at Home” Order
Governor Roy Cooper issued a new Executive Order 121, today, Friday, March 27, 2020, that will implement a statewide “stay at home” order, that will be effective Monday, March 30,…
Read MoreExecutive 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…
Read MoreCOVID-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…
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