United States Senators passed the Paycheck Protection Flexibility Act (PPFA) on Wednesday to give small businesses more wiggle room in how they spend federal loan dollars. The funds were given as part of previous CARES Act provisions through the Paycheck Protection Program (PPP), but had several restrictions that made it difficult for some businesses to… Read More »
Category: Advocacy
Paycheck Protection Flexibility Act
Proposed County Budget to be Presented to Commissioners
The Manager’s Recommended Budget will be presented to Forsyth County Commissioners Thursday, kicking off a process that will lead to the adoption of the county’s 2020-2021 budget. County Manager Dudley Watts will make his summarized presentation of the proposed budget on Thursday, June 4. The proposed budget will be available for review in the County… Read More »
Phase 2 of Reopening Plan Begins Friday
On Friday at 5:00PM, North Carolina will transition into Phase 2 Governor Cooper’s three-phased plan to incrementally reopen the state’s economy. Key Takeaways of Executive Order 141: The statewide stay-at-home order is lifted. However, vulnerable individuals should still stay home when possible. Masks or other face coverings are recommended for use in all public settings.… Read More »
PPP Loan Forgiveness Application
The Small Business Administration (SBA), in consultation with the Department of the Treasury, released the Paycheck Protection Program (PPP) Loan Forgiveness Application and detailed instructions for the application. The form and instructions inform borrowers how to apply for forgiveness of their PPP loans, consistent with the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).… Read More »
Tax Answers for Stimulus Checks and Unemployment Insurance
Stimulus Checks: Over 130 million Americans have received stimulus checks from the federal government as part of a provision of the CARES Act. This money is tax-free and will not affect any refunds you might be owed. Additionally, you will not have to return any funds if you received a payment but wind up earning… Read More »
SBA Issues New Regulations for Women-Owned Small Business Federal Contracting Program
The SBA published Women-Owned Small Business Federal Contracting program provisions that will provide a free, online certification and eligibility application process for women-owned small businesses and economically-disadvantaged women-owned small businesses. The timeline for implementation of changes to SBA’s WOSB program has been delayed to accommodate those affected by the current pandemic. Starting July 15, 2020,… Read More »