CARES Act

North Carolina Updates References to Internal Revenue Code and Decouples from Certain Provisions

The SBA has continued to provide updated guidance based on new legislation and to address many of the questions and concerns Borrowers have as they move closer to applying for loan forgiveness. Click to learn more.

Coronavirus Aid, Relief and Economic Security Act (CARES Act)

The CARES Act provides provisions for a new coronavirus related distribution, repayment of distributions, increased loan limits, extended loan repayment periods and waiver of the 10% early distribution penalty. Click to find out more.

By |2022-06-10T11:53:28-04:00April 2nd, 2020|Articles, Business Taxation|0 Comments

The Coronavirus Aid, Relief, and Economic Security (“CARES”) Act

On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act” or the “Act”), a massive $2 trillion piece of legislation intended to address the extraordinary impact of the coronavirus (COVID-19) pandemic.

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