Paycheck Protection Program – Access to Emergency Capital

House of Representatives Pass the CARE Act, including Paycheck Protection Program, which provides access to emergency capital for small businesses.  This afternoon, after some eleventh hour drama, the U.S. House of Representatives passed the CARE Act. President Trump is expected to sign the act into law soon. In addition to the tax changes outlined previously,…

North Carolina Tax Payment Deadline Extended for Corporate, Franchise and Individuals

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…

FRSCPA Requests all Data for Monthly Accounting Services, Business and Personal Income Tax be sent Electronically Effective Immediately

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…