Business Support during Covid-19 outbreak.

Find all that’s happening related to Disaster Funding and support for SMEs. Contact us for further details.

For Small Businesses: New COVID-19 Federal Assistance – CARES Act

By cpadepartment | March 29, 2020

The Cares Act, passed March 27, 2020, provides payroll and rent relief to small businesses. The Act includes a loan forgiveness provision for funds used to pay employees, rent, utilities or a mortgage. There is also a provision to defer payment of employer social security taxes with payment permitted over two years. Here is a…

Help for Small Businesses in Maryland

By cpadepartment | March 29, 2020

Maryland offers two programs to assist small businesses with fewer than 50 employees. The first is an emergency relief grant fund, and the second is an emergency relief loan funds. Maryland Small Business COVID-19 Emergency Relief Grant $ 50M Fund This fund offers working capital to assist Maryland small businesses and nonprofits with disrupted operations…

Virginia Unemployment Web Based Assistance

By cpadepartment | March 28, 2020

Fairfax County Help For Businesses due to Covid-19

By cpadepartment | March 28, 2020

Resources for Small Businesses – SBA EIDL Funding

By cpadepartment | March 28, 2020

U.S. Small Business Administration Disaster Loans The SBA is offering low-interest federal disaster loans for working capital up to $2 million to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). Apply for a loan online Read an overview of loan eligibility and terms For questions about the loan program or…

Tax Credits Provided to Small Businesses

By cpadepartment | March 28, 2020

The Family First Coronavirus Response Act requires Small Businesses to provide Emergency Family and Medical Leave, and Paid Sick Leave for employees. It also provides tax credits to small businesses. The FFCRA includes a 100 percent payroll tax credit for qualified sick leave wages paid under the EPSLA and for qualified family leave wages paid…

Families First Emergency Family and Medical Leave Expansion Act

By cpadepartment | March 28, 2020

Help for Employers and Employees Emergency Family and Medical Leave Act Requires companies with fewer than 500 employees to provide paid time off. Employers with fewer than 50 employees may be exempt if it would “jeopardize the viability of the business” Employers with fewer than 500 employees now must allow employees who have been employed…

SBA EIDL Help for Small Businesses

By cpadepartment | March 28, 2020

Economic Injury Disaster Loan (EIDL) from the SBA The Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020 Providing help to small businesses through the U.S. Small Business Administration (SBA) through low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). Read an overview of…

Business Tax provisions

By cpadepartment | March 28, 2020

Employers are eligible for a 50 percent refundable payroll tax credit on wages paid up to $10,000 during the crisis. It would be available to employers whose businesses were disrupted due to virus-related shutdowns and firms experiencing a decrease in gross receipts of 50 percent or more when compared to the same quarter last year. The credit…

Blue Sky Innovator 3rd Annual Golf Tournament

By cpadepartment | January 31, 2020

October 12, 2020  Blue Sky Innovators is partnering with Semper K9, whose mission is to enhance the quality of life for wounded, critically ill, and injured members of the U.S. Armed Forces and their families by providing them assistance dogs. Event Details