Insights

North Carolina waives interest on income tax payments made by the extended due date of July 15, 2020, and extends the due date for additional items.

The IRS released Rev. Proc. 2020-29, temporarily allowing the electronic submission of requests for letter rulings, closing agreements, and other advice.

On Monday, North Carolina enacted new legislation providing a tax credit for Unemployment Insurance Fund contributions made on or before April 30, 2020.

If you have received or may receive a PPP loan, you should consider how the use of the loan proceeds may impact your ability to take a deduction for certain expenses on your 2020 tax return.

Learn more on the NIH updated Grants Policy Statement, which provides details about participation in the SBIR for research and research & development.

Choosing between COTS and custom software is a critical decision for startups. Explore the pros and cons of each approach.

The due dates for tax returns for C corporations with fiscal years ending other than June 30 have changed. The due dates are a month later than in the past.

Learn more on the M-P Programs and JV arrangements that can be beneficial to both the government and the government contracting companies involved.

Learn more on the Fiscal Year (“FY”) 2020 National Defense Authorization Act (“NDAA”) which contains several sections impacting government contracting.

Learn more on two tax incentives: the IC-DISC and FDII, offered to encourage companies to expand domestic operations by selling goods and services abroad.