We have been told that the NC House has passed the PPP expense deduction (to agree with the IRS). It has now gone to the NC Senate. We are hopeful that the NC legislators will help our businesses in NC. At this time, we will not be sending out NC tax returns that include PPP funds (or the federal that go with them – both business and personal) yet, stay tuned.
Thank you to all NC clients for your continued updates too!
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