EMPLOYEE RETENTION TAX CREDIT FOR COVID-19 IMPACTED EMPLOYEES
The CARES Act (Coronavirus Aid, Relief, & Economic Security) created a new employee retention tax credit for employees who are closed, partially closed, or experiencing significant revenue losses as a result of COVID-19.
*ADDITIONAL FUNDS JUST APPROVED!*
U.S. SMALL BUSINESS PAYCHECK PROTECTION PROGRAM
The U.S. Chamber created a small business guide with everything you need to know about how to apply for relief under the CARES Act (Coronavirus Aid, Relief, & Economic Security), including eligibility, requirements and application guidelines.
The U.S. Department of Treasury also created a quick one sheet fact guide with information on when and where to apply for the PPP Loan. If you would like to view a sample application as a borrower or a lender and would like more information in general, please visit this website.
*ADDITIONAL FUNDS JUST APPROVED!*
U.S. SMALL BUSINESS ADMINISTRATION
SBA Disaster Assistance in Response to the Coronavirus - The U.S. Small Business Administration is offering all U.S. states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19).
Applicants are encouraged to apply online for a disaster loan. If you do not have access to a computer or smartphone, please call SBA at 1‐800‐659‐2955 for assistance.
U.S. CHAMBER OF COMMERCE
Combating the Coronavirus - The U.S. Chamber is working closely with the White House, U.S. government agencies, and foreign government officials to inform and equip businesses with the most important and up-to-date information to prevent the spread of the virus and prepare businesses for the near and long-term impact.
CENTERS FOR DISEASE CONTROL AND PREVENTION
Coronavirus (COVID-19) What you Need to Know - This is a rapidly evolving situation and CDC will provide updated information and guidance as it becomes available.
THE PRESIDENT’S CORONAVIRUS GUIDELINES FOR AMERICA
15 Days to Slow the Spread - President Trump and the White House Coronavirus Task Force issued new guidelines to help protect Americans during the global Coronavirus outbreak.
U.S. DEPARTMENT OF LABOR
Coronavirus Resources - The U.S. Department of Labor has resources to help workers and employers prepare for the COVID-19 virus.
Families First Coronavirus Response Act (FFCRA or Act) - The FFCRA requires certain employers to provide employees with expanded family and medical leave for specified reasons related to COVID-19. The Department of Labor’s (Department) Wage and Hour Division (WHD) administers and enforces the new law’s paid leave requirements.
INTERNAL REVENUE SERVICE
Tax Payment Deadline Extension - The Treasury Department and the Internal Revenue Service are providing special tax filing and payment relief to individuals and businesses in response to the COVID-19 Outbreak. The filing deadline for tax returns has been extended from April 15 to July 15, 2020. The IRS urges taxpayers who are owed a refund to file as quickly as possible. For those who can't file by the July 15, 2020 deadline, the IRS reminds individual taxpayers that everyone is eligible to request an extension to file their return.
U.S. DEPARTMENT OF TREASURY
Resources, Updates, and What You Should Know - The Treasury Department is supporting American workers and businesses who are impacted by the coronavirus. In February, Secretary Mnuchin was appointed to the President’s Coronavirus Task Force, where he meets daily with the Vice President and our nation’s top health officials.