COVID-19 Relief for Employers: New Employee Retention Tax Credit

The coronavirus (COVID-19) pandemic has shut down many sectors of the U.S. economy, causing widespread job losses. Over 10 million Americans applied for unemployment benefits in March, according to the U.S. Department of Labor. And far more claims are expected in April. Some economists predict that the unemployment rate could rise to Depression-era levels of 10% to 15% before the crisis en…

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Federally Guaranteed Loans for Small Businesses – Applications Start April 3rd – Get Prepared NOW!

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed on March 27th and designed to help stimulate the US economy in light of the current global pandemic. $349B has been set aside for the Small Business Paycheck Protection Program (PPP) which is aimed at helping US small businesses keep workers employed via job retention loans. These loans will be eligible for partial o…

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COVID-19 Relief: Overview of the New CARES Act

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27, 2020. In addition to giving people access to health care treatments, the new law will provide roughly $2 trillion in much-needed financial relief to individuals, businesses, not-for-profit organizations, and state and local governments during the coronavirus (COVID-19) pandemic. Here are some of…

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COVID-19 Resource Center

For up to date information, please visit our COVID-19 Resource Center.

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Update: Tax Deadline Extended

The IRS announced that the tax deadline will be moved from April 15, 2020 to July 15, 2020. This follows the release of Notice 2020-17, which extended the deadline for certain payments due April 15, 2020 to July 15, 2020. All taxpayers with an April 15, 2020 filing due date will now be able to delay filing until July 15, 2020. The Internal Revenue Department is still encouraging taxpayers…

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IRS Delays April 15 Deadline for Payment of Taxes Owed

Today the IRS issued guidance that individual taxpayers who owe up to a million dollars in federal income taxes can defer paying until July 15, while corporations can defer up to $10 million due to the COVID-19 pandemic. Individuals and businesses will be granted a 90 day extension to pay taxes they owe. The 90 day extension for payment of owed tax does not delay the April 15 filing deadl…

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A Message to Our Clients Regarding COVID-19

Dear Clients and Friends,  The health and wellbeing of our team and clients is paramount to HPG and we want you to know that we are taking proactive steps to continue to serve you in a safe environment. In light of the recent Declaration of a State of Emergency in North Carolina and growing concerns about the impact of coronavirus (COVID-19), we want you to know how we are responding.…

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RTP CFO Forum Announces New Board Members

The RTP CFO Forum (www.rtpcfos.com) today announced four new members to the Board of Directors starting January 1, 2020: Jane Ralston, Michael Gesser, Joe Carino, and Bill Kaluza. Since 2010, the Forum has welcomed over 300 members and is designed to provide interactive networking and discussion of technical and strategic topics in an environment created exclusively for senior-level peers.…

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The Family Medical Leave Act (FMLA) Tax Credit – Does Your Company Qualify?

By: Adam Leonard and Cheryl Rhew With the passing of the Tax Cuts and Jobs Act of 2017 came the largest number of changes to our tax code in over 30 years. Many of these new changes have been built up and highly advertised, but there were just as many changes that may not be as well known, and could possibly benefit your company. One of these changes is the FMLA tax credit, which provide…

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