On Tuesday night, the Senate unanimously passed the Coronavirus Aid, Relief and Economic Security Act or “CARES Act”. The House is expected to pass this bill without significant changes and the President is expected to sign into law, shortly thereafter. The bill is a massive 880 pages and includes needed economic stimulus, as well as…
The N.C. Department of Revenue (NCDOR) announced that they will extend the April 15 tax filing deadline to July 15 for individual, corporate, and franchise taxes to mirror the announced deadline change from the Internal Revenue Service. However, under current regulation, the state is legally obligated to charge interest on late payments. Therefore, unless state…
As our team works diligently to prepare for the unknown as it relates to COVID-19 and our business, we are steadfastly working on solutions to help our beloved clients. While it has not yet been mandated for our office to close, most of our team is working remotely. Our technology permits all of our staff…
We announced last week that the IRS Issued Notice 2020-18 postponing Tax Day to July 15, 2020. As a reminder, all federal tax payments and filings due April 15th are now not required to be filed or paid until July 15, 2020. Please note, this does not apply to Second Quarter 2020 estimates, as these…