Posts Tagged ‘Finances’
What’s the Status of Your Economic Injury Disaster Relief Loan (EIDL)?
Summary of Keypoints EIDL application status: Full EIDL applications with numbers starting with “2” that are marked in review are currently frozen, with no processing timeline provided by the SBA. $10,000 advance priority: The SBA is only processing EIDL $10,000 advances at this time; these applications generate numbers starting with “3” and do not receive…
Read MoreStep by Step Guidance and Application Forms – A Small Business Owner’s Guide to the CARES Act
Summary of Keypoints Primary resource provided: The post directs readers to a U.S. Chamber of Commerce CARES Act step-by-step guide for detailed instructions on how small business owners can access federal assistance. PPP application support materials: It includes downloadable documents to help business owners understand and complete the Paycheck Protection Program (PPP) process. Included PPP…
Read MoreComprehensive List of Private and Public Loans, Grants, and Financial Support for Small Businesses
Summary of Keypoints Purpose of resource: The post highlights financial relief efforts launched in response to COVID-19 by federal, state, local governments, and private organizations to support small businesses. Compiled by Gusto: Gusto created a comprehensive, centralized list of available loans, grants, and financial support programs. Scope of assistance: The resource includes both public and…
Read MoreNew Guidance from the DOL on Administering FFCRA Leaves
Summary of Keypoints Source of guidance: The U.S. Department of Labor released a Questions and Answers document to help employers administer FFCRA leave provisions ahead of the April 1 implementation date. Employee eligibility limits: FFCRA leaves are not available to employees who are furloughed, have reduced hours, or work at locations that are closed due…
Read MoreFor Individuals: New COVID-19 Federal Assistance – CARES Act
Summary of Keypoints Overview of the CARES Act for individuals: The CARES Act, enacted on March 27, 2020, provides economic relief aimed at helping individuals and families manage the financial effects of the COVID-19 pandemic, with provisions summarized as guidance available at the time. Retirement plan relief: Individuals may take coronavirus-related retirement plan distributions of…
Read MoreFairfax County Help For Businesses due to Covid-19
Summary of Keypoints Overview of Fairfax County business assistance: Fairfax County provides COVID-19-related relief measures aimed at supporting local businesses impacted by the pandemic. Tax deadline extensions: Fairfax County extended deadlines for certain local taxes, including car (business personal property) taxes and real estate taxes, to help ease short-term cash flow pressures for businesses. Purpose…
Read MoreLatino Economic Development Corp – Tax Planning and Reporting for Small Business
Summary of Keypoints Event overview: A tax planning and reporting presentation for small businesses hosted by the Latino Economic Development Corp on March 19, 2020. Presenters: The session was led by Jennifer Eubanks, with participation from Rod Johnson of the U.S. Small Business Administration. Primary focus: The presentation addressed tax planning and reporting considerations relevant…
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