Finance

COVID Loan Resources: PPP, EIDL & Main Street Loans​

Read the Reference Document HERE.


DC NPMA Update PPP: Funding Still Stalled


Read the PDF HERE.

PDF Sources:

Easter Weekend SOURCE.
WHO
SOURCE.



RPC Resources for Coronavirus Response

Get the PDF HERE.

Interim Emergency COVID-19 Relief Act


Read the Act HERE.

Paycheck Protection Program (PPP)
APPLICATION

Complete the Application HERE.



SBA-Disaster Loan Assistance: 
LOAN APPLICATION


Complete the Application HERE.
 

Families First Coronavirus Response Act: Questions and Answers - U.S. Department of Labor

Get the FAQs HERE.


COVID-19-Related Tax Credits for Required Paid Leave provided by Small and Midsize Businesses FAQs - IRS

Get the FAQs
HERE.



IRS Issues Guidance on Employee Retention Credits Under CARES Act - Foley and Lardner, LLP

Get the details HERE.

Guide to the Employee  RetentionTax Credit - US Chamber of Commerce

Get the PDF HERE.
 


Treasury Encourages Businesses Impacted by COVID-19 to Use Employee Retention Credit- US Department of Treasury
Read the Press Release HERE.


Small business exemption to the paid sick leave and/or FMLA requirements - Wiley

The Department of Labor (DOL) is tasked with creating exemptions to the paid sick leave and FMLA requirements. HR 6201 states that this would not be an automatic exemption based on size so you should not assume you are automatically eligible. The DOL has said a small employer is exempt from the requirement to provide such leave when: (1) such leave would cause the small employer’s expenses and financial obligations to exceed available business revenue and cause the small employer to cease operating at a minimal capacity; (2) the absence of the employee or employees requesting such leave would pose a substantial risk to the financial health or operational capacity of the small employer because of their specialized skills, knowledge of the business, or responsibilities; or (3) the small employer cannot find enough other workers who are able, willing, and qualified, and who will be available at the time and place needed, to perform the labor or services the employee or employees requesting leave provide, and these labor or services are needed for the small employer to operate at a minimal capacity. Employers may deny paid emergency leave only to employees whose absence would cause one of these three scenarios, which means that leave may sometimes be denied non-uniformly. In this situation, employers are strongly urged to consult with counsel before making leave decisions so as not to accidentally implicate non-discrimination laws. Employers should carefully document the facts and circumstances of the denial and how it meets the criteria set forth above. These materials should not be sent to DOL, but rather retained in the employer’s files.

For more information, you can view an analysis of the rule HERE. 
 
A Message From Senator Rick Scott:
Answers to Your Frequently Asked Questions Regarding the CARES Act and Coronavirus in Florida


Get the full FAQ Document HERE.


Helpful Resources from Thomas Howell Ferguson, P.A.

What is the Paycheck Protection Plan (PPP) and How Will It Impact My Business? 
CARES Act - Impact on Individuals
CARES Act - Small Business Relief
Families First Coronavirus Relief Act
CARES Act - Stimulus Calculator
IRS Now Accepting Email and Digital Signatures