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North Carolina's New Budget Conforms to Federal Tax Treatment of Paycheck Protection Program Expenses

Governor Roy Cooper signed the state budget on November 18 that the North Carolina General Assembly passed this week. There are a variety of important tax changes in the budget, including one that affects all North Carolina...more

Congress Approves Federal Tax Relief for Individuals and Businesses in CARES Act

On March 27, Congress passed, and the president signed, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) in response to the coronavirus pandemic and resulting economic turmoil. The $2 trillion stimulus...more

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