Posts Tagged ‘SBO’
Comprehensive 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 MoreBusiness Tax provisions
Summary of Keypoints Employee Retention payroll tax credit: Employers may claim a refundable payroll tax credit equal to 50% of qualified wages, up to $10,000 per employee, if business operations were disrupted by COVID-19 shutdowns or gross receipts declined by at least 50% compared to the same quarter in the prior year, with different wage…
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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