COVID-19/Coronavirus – Essential Information for Small Businesses

We will continue to compile helpful information for small businesses (including spas, medi-spas, and medical practices) to weather this tough economic time. Please check back often as more resources will be added as they become available.

I am available for consultation on cash flow, business loans and more. Please don’t hesitate to reach out through the contact page of this site. Also see my blog post on protecting your business financially.

Resources & Information for Business in General

World Health Organization (WHO) Up to date information about Coronavirus

Centers for Disease Control (CDC) Up to date information about Coronavirus

Small Business Administration SBA Disaster Assistance in Response to the Coronavirus

IRS Treasury, IRS and Labor announce plan to implement Coronavirus-related paid leave for workers and tax credits for small and midsize businesses to swiftly recover the cost of providing Coronavirus-related leave

Federal Families First Coronavirus Response Act

  1. Requirement for employers with less than 500 employees to provide Paid Sick Leave and Family Medical Leave to their employees in specific situations associated with COVID-19.
  2. To offset the cost to businesses, Employer Social Security Tax will be reduced by the amount of Paid Sick and Family Medical Leave costs covered by employers.