COVID-19: Support and General Information for Business
LAST UPDATE: 10 APRIL 2020, 5:00 PM EST
Like many others, we have made the difficult decision to close our offices and our team is working remotely. We are operating on a regular schedule to ensure we are available to assist you. While everyone is properly prioritizing physical health of themselves and their employees, we also know that you may have concerns regarding your business operations and we wanted to share resources that we found that may answer many of your questions.
On an ongoing business we will be gathering information on topics like tax relief, credit assistance, legal matters (a.o. force majeur), travel and immigration and hr matters. It is important to realize that there are differences between federal, state and even local initiatives. Be sure what you are reviewing is applicable to your business.
This document will be updated periodically as information is constantly changing. Newly updated items are highlighted in yellow.
Employee Retention Credit
The IRS urges employers to take advantage of the newly-extended employee retention credit, designed to make it easier for businesses that, despite challenges posed by COVID-19, choose to keep their employees on the payroll.
Update Paycheck Protection Program
The Small Business Administration (SBA) published their guidelines for the Second Round of PPP loans (“PPP2”). With the new guidelines published it became clear that the SBA has also reopened their application for the first round of PPP loans and encourages eligible businesses that were not able to, or missed the deadline for the first PPP loan to apply now.
Webinar Report: Withum Analyzes the Since-Passed Stimulus Package
Paycheck Protection Plan Loan forgiveness and the new PPP Package (PPP2) were discussed on December 23th. The full report may be downloaded from TABS.
Webinar report: NAF-BIZ New York – Update U.S. travel restrictions for Dutch businesses – 29 July 2020
NAF-BIZ New York held an interesting webinar on travel restrictions for Dutch businesses on July 29, 2020. Jacob Willemsen of TABS was co-host on this webinar. Read the webinar report here.
Webinar Report: Developing New and Emerging Brands in the COVID 19 Environment- Trends and Strategies
VINEXPO held a webinar on June 23rd entitled: Developing New and Emerging Brands in the COVID 19 Environment- Trends and Strategies regarding opportunities and succeeding in the “new normal” for the beverage alcohol market.
Webinar Report: The New Normal: Beverage Alcohol in a COVID Environment
From the report: Ecommerce growth will continue, and channel shifts are inevitable especially with retail closures imminent. Large scale changes are needed to make certain sectors, especially those on-premise, more sustainable during the crisis. Brands will need to adapt in order to compete on price and convenience, and above all else, plan for all scenarios.
New PPP Interim Final Rule Clarifies That Foreign Employees Count for Size
A new Interim Final Rule from the U.S. Small Business Administration (SBA) solidifies Paycheck Protection Program (PPP) counting rules, stating that all employees, foreign and domestic, of a business and its affiliates (absent an exception) count for purposes of size limitations.
Webinar Report: Understanding the Paycheck Protection Program Loan Forgiveness Process
American Business Immigration Coalition (ABIC), National Partnership for New Americans (NPNA), The Resurrection Project (TRP), Illinois Restaurant Association (IRA), Florida Restaurant Association (FLRA), and Self Help Federal Credit Union held a webinar on May 21st entitled “Understanding the Paycheck Protection Program Loan Forgiveness Process” and details updates to the Program as of May 16th. TABS Staff attended and created this report.
ADP Publishes Online Paycheck Protection Program (PPP) Loan Forgiveness Estimator Tool
If your business received a Small Business Administration loan through the Paycheck Protection Program (PPP), you may be wondering just how much of that loan may be forgivable by the federal government. Contact TABS for more information and assistance with Payroll related issues.
Webinar Report: Risk Management in a Pandemic: What to Do Now
The European American Chamber of Commerce held a webinar on Cyber Security on April 22. TABS Staff attended and made this report.
Webinar report: You Transitioned to a Remote-Work Environment, Have Your Cyber and Privacy Policies Practices Moved With You?
CohnReznick LLP held a webinar on Cyber Security on April 17th. TABS Staff attended and made this report.
SBA Announces Lapse in Appropriations
The US Small Business Administration (SBA) announced that the Administration is unable to accept new applications for the Economic Injury Disaster Loan (EIDL)-COVID-19 related assistance program (including EIDL Advances) as well as the Paycheck Protection Program (PPP) based on available appropriations funding.
Webinar report: The Corporation vs The LLC
CT Corporation held a webinar entitled The Corporation vs. The LLC on April 7, 2020. TABS Staff attended and made this report.
Webinar report: Supply Chain Triage: Issues to Consider in a Global Pandemic
The European American Chamber of Commerce held a webinar on Supply Chain Triage: Issues to Consider in a Global Pandemic on April 14th. We followed the webinar and made this report.
Webinar report: SHRM/CDC – Update on COVID-19: Understanding What Has Happened and What Is Ahead
SHRM and the Center for Disease Control (CDC) held a webinar on COVID-19 update – Understanding What Has Happened and What is Ahead. We followed the webinar and made this report.
COVID-19 Stimulus Programs – 10 April 2020
A summary of the various programs through the CARES Act, IRS and New York City that businesses can apply for assistance due to the COVID-19 outbreak including information about programs.
Webinar report: GTM Global – US Legal & Economic Intervention – 8 April 2020
GTM Global held a webinar on US Legal & Economic Intervention during the Pandemic. We followed the webinar and made this report.
Webinar report: Flexport – COVID-19 Logistics update – 7 April 2020
Flexport held a webinar on COVID-19, Logistics Update. We followed the webinar and made this report.
Webinar report: CohnReznick – The CARES Act – 6 April 2020
CohnReznick NYC held a webinar on the CARES Act. We followed the webinar and made this report.
Webinar report: NAFBiz NY – COVID19 and US businesses – 30 March 2020
NAF-Biz NY held a webinar on COVID-19 and US businesses on 30 March 2020. We followed the webinar and made this report.
Webinar report: SBA – Economic Injury Disaster Loan (EIDL) – 30 March 2020
SBA (US Small Business Administration) held a webinar on disaster assistance for small businesses under the CARES-act on 31 March 2020. We followed it and made this report.
Webinar report: EACCNY – Data Protection – 24 March 2020
The EACCNY held a webinar on what U.S. and European companies need to know, especially as companies and their staff go “virtual” for an indefinite amount of time on 24 March 2020. We followed it and made this report.
Webinar report: TriNet – Emergency paid sick leave – 24 March 2020
TriNet held a webinar on emergency paid sick leave and the emergency family and medical leave act on 24 March 2020. We followed it and made this report.
Webinar report: Wilson Sonsini – Employer Readiness for issues arising from the Coronavirus – 19 March 2020
Wilson Sonsini held a webinar on the employer readiness for issues arising from the Coronavirus on 19 March 2020. We followed it and made this report.
Webinar report: Manhattan Chamber of Commerce – The applicable labor and employment laws – 19 March 2020
The Manhattan Chamber of Commerce held a webinar on the Covid-19 and the applicable labor and employment laws on 19 of March 2020. We followed it and made this report.
Webinar report: EACCNY – The World in Lockdown – 20 March 2020
The EACCNY held a webinar on the Covid-19 pandemy impact on travel and business on 20 of March 2020. We followed it and made this report.
COVID-19: Support and General Information for Business
LAST UPDATE: 31 August 2020, 5:00 PM EST Like many others, we have made the difficult decision to close our offices and our team is working remotely. We are operating on a regular schedule to ensure we are available to assist you. While everyone is properly prioritizing physical health of themselves and their employees, we