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COVID-19 Employer and Business Resources



Preface from Diane:

OUR EXPANDING ROLES & RESPONSIBILITIES…

The Covid-19 pandemic has pushed all of us (and especially business owners) into a new variety of shifting roles. We’ve had to learn how to wear, re-size, adapt, and switch “hats” at an amazing speed over these recent weeks! These changes, options, and requirements can be ARE both overwhelming and confusing…

When in doubt about “what’s really happening?” or “what is the next logical step?” researching and sorting through the facts usually helps to ease anxiety – and throw light on – both of those questions.

As a business owner and employer, starting the week of March 23rd, I spent many hours in webinars put on by attorneys (and in conversation with an employment attorney). That was followed by even more researching and reading to better understand our COVID-19 situation, and how Federal and State employment requirements and business benefits can be utilized.

I still don’t have all of the answers I was looking for (many are still being created by government agencies). BUT I did realize that sharing much of what I’ve discovered could also save YOU from having to spend a huge amount of time when it comes to locating this CRITICAL BUSINESS & EMPLOYER INFORMATION!

Here’s what I’ve located thus far. Links are underlined and direct quotes from resources are in italics.


Federal and Other National & State Guidelines and Resources:

  • “White House Coronavirus Task Force” – To see current and prior briefings, search YouTube using the term shown in quotes.
  • Daily Announcements from Federal Agencies: The National Conference of State Legislatures started posting these on March 13th, 2020. There are MANY links and guidance resources on this page!
  • IRS Coronavirus Tax Relief Overview of IRS tax-related Covid-19 guidelines and programs.

  • IRS Filing and Payment DeadlinesQ&A’s for Business and Personal tax filings

  • IRS News ReleasesDeadline extensions, Employee Retention Credits, Economic Impact Payments, etc.
  • National Governors Association: “Current Information On The Status Of COVID-19 In The United States And Abroad, What Actions States/Territories Have Taken To Address It, And The Latest Efforts By The Federal Government.” A huge resource! Plus, check here to find out exactly which actions YOUR State has taken…

CARES Act –
Initial $2 Trillion Aid Package (3/25/2020)

What’s Inside The Senate’s $2 Trillion Coronavirus Aid PackageThis is a link to a comprehensive article from NPR (quotes in italics, below).

  • The amounts shown below are estimates at this point. Extracts of special interest to individuals and small businesses include:
    • $560 billion to individuals
      • $300 Billion in cash payments.
        “Most individuals earning less than $75,000 can expect a one-time cash payment of $1,200. Married couples would each receive a check and families would get $500 per child. That means a family of four earning less than $150,000 can expect $3,400.
        “The checks start to phase down after that and disappear completely for people making more than $99,000 and couples making more than $198,000.”

      • $260 billion in extra unemployment benefits.
        “This bill adds $600 per week from the federal government on top of whatever base amount a worker receives from the state. That boosted payment will last for four months.“For example, if an out-of-work person is receiving the national average of about $340 per week, under the new federal program their take-home pay will be $940. “The legislation also adds 13 weeks of unemployment insurance. People nearing the maximum number of weeks allowed by their state would get an extension. New filers would also be allowed to collect the benefits for the longer period.”
      • Tax returns, Student loans, and Insurance coverage. Rather than quoting extensively, please see the article.
        … 
    • $377 billion to small businesses
      • $10 Billion in Emergency Grants – Economic Injury Disaster Loans (EIDL)
        “… for grants of up to $10,000 to provide emergency funds for small businesses to cover immediate operating costs.” (Subsequently reduced to $1,000 per employee.)
      • $17 Billion of relief for existing SBA loans. To cover 6 months of payments.
      • Paycheck Protection Program (PPP)  See the SBA Section below.

Additional Funding through the CARES Act “3.5” (4/24/20)

What’s Inside:
  • $321 billion to the Paycheck Protection Program (PPP) with $60 billion to smaller lending institutions such as community banks and credit unions
  • $50 billion to the Disaster Loans Program
  • $10 billion to the EIDL Program
  • $75 billion to the Provider Relief Fund
  • $25 billion to expand research, development and capacity for coronavirus testing

Employer and Employees: Families First Coronavirus Response Act (FFCRA)


Financial Resources – SBA Loans & Other


PPP Loan Forgiveness

The following authors each note that guidance regarding loan forgiveness is continuing to evolve… but it’s best to work with what we currently know. Here’s a 1.5 minute video regarding that evolution:

(Calculator resources – below – are highlighted in burgundy.)


Individual States and Canada

  • Here’s a general reference that covers all States (from the National Conference of State Legislatures): https://www.ncsl.org/research/health/state-action-on-coronavirus-covid-19.aspx
    (Also shown in  Federal and Other National & State Guidelines and Resources, above)
  • National Governors Association:
    “Current Information On The Status Of COVID-19 In The United States And Abroad, What Actions States/Territories Have Taken To Address It, And The Latest Efforts By The Federal Government.” A huge resource! Plus, check this link to find out exactly which actions YOUR State has taken…
  • Be sure to check with your State’s Unemployment Agency to determine current programs and guidelines that may benefit you or your employees.
  • State Sales Tax & State Tax & Canadian Relief Information (from Avalara)“Tax news related to the COVID-19 outbreak in this roundup. It will be updated regularly as more information becomes available.”
  • Financial Programs Info for Canadians: LinkedIn article from Bryan Kaplan, Construction Consultant, Toronto, CA. (You’ll need access to LinkedIn.)

Industry Associations – Covid 19 Resource Pages


Business Insights from Construction Consultants…


Interesting and Informative


Notes & Disclaimers…

If any of the preceding resources include inaccurate or outdated information, sponsored ads, broken links (some of the government links change on a daily basis!), or reflect a political bias that offends, please understand that I haven’t gathered this information with any “background or political agenda.”

  • My intention is simply to share and “gift” to you what I’ve gathered, located and watched since the week beginning March 23rd, 2020.
  • I am not an attorney and cannot provide legal or employment advice.
  • I am not providing accounting advice through this page.
  • As I encounter updates, or others contribute info that has been helpful to them, I will update this Employer & Business Resources page.
  • I hope you find these resources to be helpful. (This is not an exhaustive reference, but you may want to bookmark this page for future reference.)
  • Please feel free to share this Resource Page with other business owners or organizations who could benefit from the info…
  • If you would like to receive notices of updates to this page (and to receive our newsletters) you will find the option to sign up in the footer section of this website.

Best wishes,

DIANE GILSON