The information on this page is designed to assist you in light of the events surrounding COVID-19. A lot of this information is new and outside of the scope of our expertise. We encourage you all to reach out to your, tax professionals, legal experts, and or the direct lines provided by these agencies. Understand the information on this page is not intended to be legal advice. Our goal is to simply where you go to find information related to COVID-19 and your business. Employees will also find needed information. Be sure to continue to visit this page from time to time for updates. Scroll down not to miss anything.
The information below will help you, apply for business loans, learn about recent legislation passed by congress, and provide recommendations for operating your business during this pandemic.
The Families First Coronavirus Response Act (FFCRA or Act) passed in mid-March. It requires certain employers provide employees with sick leave or expanded family and medical leave for reason related to COVID-19. FFCRA will be effective through December 31st, 2020.
The Coronavirus Aid, Relief and Economic Security Act (CARES Act) provides over $2 trillion for business, individuals, federal agencies and more. Small businesses are encouraged to keep their employees on payroll by using the Paycheck Protection Program. Which is a loan that can be forgiven if you meet the requirements. As of 5/27 39% of the funding remains from the second round. They have been talks of expanding the usage time of the PPP from 8 weeks to 6 months. Once confirmed we will update as necessary.
Small Businesses with 2-100 employees can apply for an interest free loan through May 8th 2020.
Refer to the guidelines from the CDC for how to maintain a safe working environment during this time. Link Updated 4/13
OSHA has publish guidance for how to prepare your workplace for the return of your employees in light of COVID-19. Link ADDED 4/29
The FFCR Act updates the current policies for who is eligible for paid leave. Link Updated 4/13
$10,000 loan that doesn’t have to be repaid. This is for small business with temporary difficulties. This is not the same as the Paycheck Protection Program. Link Updated 4/13
FAQs for the US Treasury surrounding the Paycheck Protection Program. The most recent question focus on larger companies that received money when they should not have received money.
The US Chamber of Commerce provides eligibility insights into the CARES Act. This program does have loan forgiveness. Material Updated 4/9
File for unemployment with the State of Florida. For questions and updates reach of to the Florida Dept of Economic Opportunity. Please allow a couple weeks for updates due to the COVID-19 related claims.