Much of the focus of the attention generated by the CARES Act has been on the Payroll Protection Program (PPP) through the Small Business Association. Loans through the PPP have the potential to be forgiven on a tax-free basis. Please see our client...(read more)
CARES Tax Benefits for Businesses – Increased Deductions, Increased Use of Losses, and Potential Refunds
The Coronavirus Aid, Relief, and Economic Security Act (CARES) enacted on March 27, 2020 contained several significant business-related tax changes highlighted below. Many of these changes are limited in the period to which they apply, and several...(read more)
What are all those dates again? And another extension from Justice Beasley
This article originally appeared on the North Carolina Bar Association's Blog on April 3, 2020. I know it is difficult keeping track of all the moving dates and deadlines. For your convenience, here is a chart with all the current extensions. Below...(read more)
USPTO Still Open, but Extends Many Trademark Deadlines due to COVID-19
The United States Patent and Trademark Office (USPTO) remains open for filings. Currently, as it has been for years, nearly all filings are made online. Under authority from the CARES Act, the USPTO has extended many trademark and patent deadlines...(read more)
COVID-19 Criminal Justice Update (April 1, 2020)
This article originally appeared on the North Carolina Bar Association's Blog on April 1, 2020. With coronavirus infections multiplying exponentially around the globe, countries, states, and localities are taking action to slow the spread. This...(read more)
Navigating the COVID-19 Crisis: Planning Tips to Avoid Business Disruption
In the evolving COVID-19 pandemic, businesses are having to re-evaluate their short-term and long-term needs. There are several actions companies can take to avoid business disruption. Create a response team. Appoint key personnel within your...(read more)
Department of Labor Clarifies Scope of FFCRA
The Department of Labor (DOL) shared more insights into the Families First Coronavirus Response Act (FFCRA). These latest additions to the DOL’s guidance include a few surprises, which we’ve highlighted here. One of the biggest surprises was that...(read more)
NC Governor Cooper Issues Statewide “Stay at Home” Order (Critical Infrastructure and Essential Business Operations Continue)
On March 27, 2020, North Carolina Governor Roy Cooper issued Executive Order No. 121 , a statewide "Stay at Home" order, which is intended to slow the spread of COVID-19 in our state. The Order goes into effect at 5 p.m. on Monday, March 30, 2020,...(read more)