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Coronavirus COVID-19 Links

As the Coronavirus situation continues to evolve, there is a large amount of uncertainty about what people are allowed to do and if a business is permitted to operate. While there is too much information for me to post in a short blog, I have tried to create a list of helpful links, below, about Reno and Nevada requirements as well as other important information related to federal taxes and SBA loans. This list is far from exhaustive, but I will continue to update it as I find more helpful links. If you need help determining if your business qualifies and applying for any of the programs below or deciding whether your business can continue to operate, please do not hesitate to call the Law Office of Aaron Richter, PLLC to schedule an appointment.

 

The Paycheck Protection Program is a great benefit included in the CARES Act. It provides a loan of up to $10 million dollars to cover eight weeks of pay and expenses to small businesses. Eligible borrowers include small business with under 500 employees, sole-proprietors, paid independent contractors, and other self-employed individuals as well as some non-profits and veterans’ organizations. Salaries paid under the program cannot exceed $100,000 (including benefits). If you receive a credit from other COVID-19 related payments or credits, you may not be eligible for the program. The loan will be forgiven if you use the proceeds for payroll, rent, and utilities and you meet the employment requirements. However, it is anticipated that if you spend more than 25% of the loan for qualified expenses other than payroll, those amounts in excess of the 25% will not be forgiven.

The treasury prepared a Paycheck Protection Program Factsheet, it can be found at https://home.treasury.gov/system/files/136/PPP–Fact-Sheet.pdf

 

US Small Business Administration (SBA) webpage for COVID loan resources:

https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources

 

Nevada Health Department list of best practices for business and individuals and a list non-essential businesses (business required to close):

https://nvhealthresponse.nv.gov/wp-content/uploads/2020/03/NV-Health-Response-COVID19.pdf

 

City of Reno:

https://www.reno.gov/community/emergency-preparedness/covid-19

 

SBA Nevada District office:

https://www.sba.gov/offices/district/nv/las-vegas/resources

 

CDC guidelines for business and individuals, as well as best practices:

https://www.cdc.gov/coronavirus/2019-ncov/index.html

 

The Secretary of Treasury and the Commissioner of the IRS, at the direction of the President, extended the filing and payment deadline for taxpayers with a return and/or payment due on April 15, 2020. The date was extended to July 15, 2020. More information about the IRS’s response to the national emergency can be found at:

https://www.irs.gov/coronavirus

IRS website to check the status of your stimulus payment: https://www.irs.gov/coronavirus/get-my-payment

The Treasury Department also has a page with helpful information: https://home.treasury.gov/coronavirus

 

Nevada Unemployment: https://www.ui.nv.gov

 

Department of Labor COVID guidance and information about the new paid sick leave requirements: https://www.dol.gov/coronavirus