Marcia Nally, CPA
Marcia Nally, CPA, is a Director with Moore Colson’s Tax Services practice. In this role, Marcia’s primary focus is on tax compliance and planning services for closely-held businesses and their owners in the real estate industry. Marcia also works with clients in the franchise, professional services, and retail industries. Marcia’s responsibilities at Moore Colson include the coordination of tax services for clients, planning and organizing engagements, managing the progress of work, suggesting and implementing tax planning ideas, and supervising staff.
Marcia’s professional background in public accounting includes extensive experience in real estate partnerships and high net-worth individuals. In addition, Marcia serves clients in the manufacturing, retail, services, private equity and venture capital, and technology industries.
Prior to joining Moore Colson in 2015, Marcia worked for JAMESTOWN for five years. In this role, Marcia managed U.S. income tax compliance for all levels of multiple tiered real estate investment funds, including partnerships, foreign and domestic corporations, and individuals. She also served as the lead manager for all of JAMESTOWN’s corporate U.S. income tax reporting and compliance.
- University of Alabama (Masters of Accountancy, 1999)
- University of Alabama (B.S., Business Administration, 1998)
- American Institute of Certified Public Accountants
- Georgia Society of Certified Public Accountants
- Commercial Real Estate Women, Atlanta Chapter
- Mt. Zion United Methodist Church
– Church Treasurer
– Church Council
– Finance Committee
– Children’s Services
- University of Alabama Alumni Association
- Gamma Phi Beta Alumni Association
COVID-19 CARES 7(a) / PPP Loan Assistance
The CARES Act expands the ways the Small Business Administration (SBA) can help small businesses remain open and meet payroll. The law expands the allowable use of the so-called “Section 7(a)” or “PPP loans” funds to include payroll support, including paid leave, mortgage payments, insurance premiums and debt obligations and waives many of the usual requirements, such as collateral and personal guarantees. Moreover, if employers maintain their payrolls for eight weeks after the loan origination, the portion of the loan applied to payroll, mortgage interest, rent and utilities will be forgiven.
Additionally, one of the more debated topics in the newly established Paycheck Protection Program (PPP) is the treatment of partner compensation, whether in the form of guaranteed payments or distributions. Specifically, the question is whether guaranteed payments or distributions are treated as “payroll costs” as defined by the CARES Act.
Our team is here to answer questions and make the process easier for you and your business during this difficult time.
We can help you:
- Calculate the 7(a) loan amount
- Apply for the 7(a) loan
- Calculate the forgiveness amount
- Complete and file the 7(a) loan forgiveness application
- Determine how partner compensation should be treated for 7(a) loans
- Assist with 7(a) loans and loan forgiveness applications for partnerships