An ever-increasing number of North Carolina cities and counties are imposing a combination of emergency restrictions and prohibitions under local state of emergency declarations referred to as “shelter in place” (sometimes called “stay at home”) to keep the COVID-19 virus from spreading.

An ever-increasing number of North Carolina cities and counties are imposing a combination of emergency restrictions and prohibitions under local state of emergency declarations referred to as “shelter in place” (sometimes called “stay at home”) to keep the COVID-19 virus from spreading.

Local tax officials from across the state continue raise important questions about the pandemic.  I don’t have perfect answers to all of those questions, but I’ll do my best to respond to many of them in today’s post.  Please also … Read more

Local tax officials from across the state continue raise important questions about the pandemic.  I don’t have perfect answers to all of those questions, but I’ll do my best to respond to many of them in today’s post.  Please also see my earlier post on pandemic-related tax questions.

Local tax officials from across the state continue raise important questions about the pandemic.  I don’t have perfect answers to all of those questions, but I’ll do my best to respond to many of them in today’s post.  Please also see my earlier post on pandemic-related tax questions.

The COVID-19 public health crisis is giving rise to an unprecedented economic crisis. Economic activity across the nation has slowed considerably, and many small businesses—which were operating successfully only one month ago—are now struggling to survive.

The COVID-19 public health crisis is giving rise to an unprecedented economic crisis. Economic activity across the nation has slowed considerably, and many small businesses—which were operating successfully only one month ago—are now struggling to survive. As their bills pile up but no revenue comes in, some businesses will run out of cash and be forced to shut down permanently. Business closures on a vast scale would likely inhibit a recovery for years after the current crisis subsides.

The COVID-19 public health crisis is giving rise to an unprecedented economic crisis. Economic activity across the nation has slowed considerably, and many small businesses—which were operating successfully only one month ago—are now struggling to survive. As their bills pile up but no revenue comes in, some businesses will run out of cash and be forced to shut down permanently. Business closures on a vast scale would likely inhibit a recovery for years after the current crisis subsides.

THIS BLOG POST HAS BEEN UPDATED ON SEPTEMBER 30, 2020 On March 18, 2020, Congress passed and the President signed into law the Families First Coronavirus Response Act (the “Families First Act”). The Families First Act is actually a compilation … Read more

On March 18, 2020, Congress passed and the President signed into law the Families First Coronavirus Response Act (the “Families First Act”). The Families First Act is actually a compilation of a number of different acts with different purposes, all sharing the goal of providing relief to those who have been or will be adversely affected economically by the COVID-19 pandemic.