The Centers for Disease Control and Prevention (CDC) has updated Guidance for Workplaces and Businessess on their website. Information provided includes: Guidance for Businesses & Employers, FAQs for Workplaces & Businesses, Workplace Guidance, and more.
The U.S. Small Business Administration (SBA) oversees many of the relief programs authorized by federal legislation. These programs are listed on the SBA webpage for Coronavirus Relief Options.
- The Shuttered Venues Grant, also known as the Shuttered Venue Operators Grant, provides emergency assistance for eligible venues affected by COVID-19.
- The Paycheck Protection Program (PPP) provides loans to help businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. Borrowers may be eligible for PPP loan forgiveness.
- The Economic Injury Disaster Loan (EIDL) provides economic relief to small businesses and nonprofit organizations that are currently experiencing a temporary loss of revenue.
- The SBA provides a financial reprieve to existing borrowers through the SBA Debt Relief program.
- Cross Program Eligibility on SBA Coronavirus Relief Options This webpage provides a summary of the criteria that must be met when considering different funding options.
New law extends COVID tax credit for employers who keep workers on payroll!
The Internal Revenue Service urges employers to take advantage of the newly extended employee retention credit, designed to make it easier for businesses that, despite challenges posed by COVID-19, choose to keep their employees on the payroll.
The Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted December 27, 2020, made a number of changes to the employee retention tax credits previously made available under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), including modifying and extending the Employee Retention Credit (ERC), for six months through June 30, 2021. Several of the changes apply only to 2021, while others apply to both 2020 and 2021. Learn more.