Business Startup Solutions

Paycheck Protection Program (PPP) Interim Final Rule

This information is current as of 5/26.   Friday evening the SBA released a new Interim Final Rule regarding the Paycheck Protection Program (PPP). There still remains a lot to be clarified, but among other things it did clarify that bonuses paid to employees count towards forgiveness c

Mitigating Risks of PPP Loans

Mitigating Risks of PPP Loans This information is current as of 5/13/20.  If you have questions or are considering taking action, you should speak with a CPA or attorney to discuss your specific situation.   The Payroll Protection Program (“PPP”) was written, launched and implement

Paycheck Protection Program Loan Forgiveness

Paycheck Protection Program Loan Forgiveness If you receive funds from the Paycheck Protection Program (“PPP”)  we want to ensure that you are able to receive the maximum amount of loan  forgiveness.  You should not make expenditures you would not otherwise incur just so that you receive ful

COVID-19 Disaster Assistance Programs

COVID-19 Disaster Assistance Programs This information is current as of 4/21/2020.   Economic Injury Disaster Loan (Includes up to $10,000 Emergency Grant) SBA Economic Injury Disaster Loan (EIDL) The U.S. Small Business Administration (SBA) is providing low-interest rate federal dis

Is the IRS Shutdown?

Is the IRS Shutdown? The American Society of Tax Problem Solvers solicited the below information directly from the IRS and the short answer is no, they are not closed. Generally, the IRS is not conducting any in-person meetings, however the Taxpayer Advocate Office and the Automated Collections Sys

How to reach us?

Adam Shay CPA, PLLC

1721 Allens Ln #210

Wilmington, NC 28403

(910) 256-3456

[email protected]