July 25, 2026/Tax, Business Planning
North Carolina Tax Update: Legislation Enacted and NCDOR Issues Filing Guidance
Earlier this year, we informed clients that North Carolina had not yet adopted many provisions of the federal legislation commonly known as the “One Big Beautiful Bill Act,” or “OBBBA,” signed into law on July 4, 2025. As such, we recommended extending returns where appropriate. The General Assembly has now enacted conformity legislation, and the […]
August 25, 2025/Business Planning, Manufacturing, Tax
What the OBBBA Means for Manufacturing
Incentivizing Production: What the OBBBA Means for Manufacturing No sector is poised to feel a bigger impact from the One Big Beautiful Bill Act (OBBBA) than the manufacturing industry. Many of the most important provisions in the $4.5 trillion tax package were designed specifically to encourage domestic production. Although it remains unclear how the evolving tax and […]
April 26, 2021/Business Planning, COVID-19
Is Your PPP Loan Forgiveness Deadline Fast Approaching?
If you have received a Paycheck Protection Program (PPP) Loan and have not yet submitted your application for forgiveness, your deadline may soon be approaching. The deadline to submit a PPP Forgiveness Application with your lender is 10 months after the last day of the borrowers covered period
March 12, 2021/Tax, Business Planning, COVID-19
American Rescue Plan Act of 2021 Becomes Law
President Biden signed the $1.9 trillion American Rescue Plan Act of 2021 (ARPA) into law on March 11, 2021. Key provisions of this act allow for additional stimulus funds and is the 6th bill enacted by the federal government that focuses on COVID relief. Relief from this bill impacts both businesses and individuals and provides […]
March 4, 2021/Mergers and Acquisitions, Business Planning
COVID’s Impact on EBITDA
When buying or selling a company (now or in the future), it is important to recognize the impact that COVID has had on businesses. For most, COVID has had both positive and negative impacts on financial results. It’s time to familiarize yourself with the term EBITDAC (Earnings Before Interest Taxes Depreciation Amortization and COVID).
January 13, 2021/Tax, Business Planning, COVID-19
Employee Retention Credit Improvements
The Consolidated Appropriations Act of 2021 (Act), signed into law on December 27, 2020, contains significant enhancements and improvements to the Employee Retention Credit (ERC). Learn more about how these updates may impact your business.
January 5, 2021/Tax, Business Planning
January 2021 Payroll Tax and Compensation Reminders
As we ring in the new year, we would like to remind you that this year many not be the same as 2020 when it comes to payroll taxes and compensation and benefit matters. This alert highlights various areas of change and what employers should be focusing on as they review year-end payroll.
June 18, 2020/Tax, Business Planning, COVID-19
New PPP Loan Forgiveness Application Released
A new application and instructions to apply for tax-free forgiveness of the new small business loans is now available. Released June 17, the Form 3508EZ and instructions allow eligible borrowers that meet certain criteria to take advantage of a simplified forgiveness application process, which eliminates the complicated forgiveness calculations previously required.
June 4, 2020/Tax, Business Planning, COVID-19
PPP Forgiveness Changes Signed into Law
On June 4, 2020, the Paycheck Protection Program Flexibility Act that adjusts several PPP loan forgiveness provisions was signed into law. These changes clarified several questions that remained and could make loan forgiveness more attainable for certain business owners.
May 19, 2020/Tax, Business Planning, COVID-19
PPP Forgiveness Application and Guidance Issued
The much-anticipated PPP forgiveness application and related guidance have now been released. As many anticipated, the steps to securing forgiveness may be challenging. We break down the key components for you as you seek to apply this to your business.