Paycheck Protection Program (PPP) Debt Cancelation Not Taxable
As a part of the CARES Act and the latest federal COVID-19 relief package, passed in December, the federal government created the Paycheck Protection Program (PPP). The PPP is a [...]
COVID-19
Guidance for Alcoholic Beverage Licensees and Agency Liquor Stores Effective January 15, 2021
New guidance for alcoholic beverage licensees and agency liquor stores effective January 15, 2021. If local jurisdictions have more restrictive guidelines, those must be followed instead. Printable Guidelines effective January [...]
COVID-19 Update on Military Income
Currently, at the national level, the order in effect to activate service members to provide COVID-19 related assistance is the President’s Executive Order of March 27, 2020. Governor Bullock has [...]
COVID-19 Department of Revenue Property Assessment Updates
The Property Assessment Division (PAD) staff, for the most part, is still working remotely. We do have a limited number of people working in offices where the space allows for [...]
Governor Bullock’s Phased Approach for Reopening Bars and Restaurants
Phase I guidelines will be in place until June 1, 2020 when Phase II guidelines go into effect. If local jurisdictions have more restrictive guidelines, those must be followed instead. [...]
Net Operating Loss (NOL) Changes Due to COVID-19
On March 27, 2020, Congress enacted the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act. Among other things, the Act addresses net operating losses (NOLs) and other related provisions. [...]
