Coronavirus Aid, Relief, and Economic Security Act
Confused about whether your business qualifies under the size standard for certain loans or assistance programs under SBA? This page helps you learn more size standard definitions, numerical requirements, and general requirements.
Paycheck Protection Program (PPP) Resources
Treasury and the U.S. Small Business Administration (SBA) released new Paycheck Protection Program (PPP) guidance on May 22nd that provided some clarity on several loan forgiveness questions.
In this resource center designed for CPA firms, you’ll find tools to help you educate and advise your clients on the program.
Here is an exhaustive list of lenders alphabetized by state. In this recently updated list, there are over 250 options in the Washington DC area and well over five hundred to choose from in Virginia. Use this list to see if your bank is participating in the Paycheck Protection Program (PPP).
This resource will give you a general overview about eligibility requirements for the program, when to apply, stipulations for forgiveness, and how to apply.
Entities such as WBC can help your organization find a lender. Use this directory to locate a WBC nearby, so that you can call them to inquire about lenders in your area.
Economic Injury Disaster Loan (EIDL) Program
This is the online portal to the application for the EIDL Loan, provided by the U.S. Small Business Administration. Sections on the loan include disclosers, business information, business owner(s) information, additional information, and a summary.
Family First Coronavirus Response Act (FFCRA)
Here is a resource that can help your members understand the requirements for paid leave under the FFCRA. These provisions go into effect April 1, 2020 and expire December 31, 2020. Find information including the five qualifying reasons for leave, the duration for each qualifying reason for leave, guidelines for determining covered employers along with guidelines for determining small businesses that may be exempt, etc.
Employers covered by the FFCRA Act must place this FFCRA poster in a clearly visible location that employees will frequent.
Launch a brief ‘Covid-19 Impact Survey’ within 2-3 days to gain insight on how the pandemic is affecting market trends, shipments, production, supply chain, staffing, etc.
As the second wave of the Paycheck Protection Program opened in late April, here are some frequently asked questions and guidance for the tax-exempt community navigating the PPP.
During this era of drastic shifts in the workplace, our team is working harder than ever to develop and maintain internal control for our clients’ organizations. This white paper discusses the components necessary to reach strong internal control along with the repercussions that may derive from relaxed or nonexistent internal control.
Other Resources Related to Mitigating COVID-19 Business Implications
Currently, the president has issued guidelines to avoid social gatherings of groups larger than ten people, but If you have not yet decided whether or not you will be canceling your annual event because it is taking place months from now, use this guidance to help you determine the risk level of attendees, volunteers, or staff contracting the virus.
Use this helpful resource to understand ways of preventing stigma related to COVID-19, which may include helping staff become more knowledgeable on the coronavirus disease facts.