04/07/2020
Here is an email I recently sent out to my clients regarding the FFCRA and information on the small business loans (CARES, EIDLS and grants) available to businesses during this time of crisis: (I'll try and figure out how to get the attachments up here soon.)
Hello all,
I’m sure you are hearing all kinds of information regarding new payroll requirements (Mandatory Emergency Paid Medical Leave and Paid Family Leave) and small business loans and paycheck protection loans (CARES, EIDLs and Grants). I am hoping to give you a summary of what is important for you immediately (Payroll Paid Medical Leave as of April 1, 2020) and information on the small business loans out there that should be very helpful to you during this strange new world we live in now.
IF YOU ARE AN EMPLOYER WITH EMPLOYEES:
1. I’ve attached a flyer you will need to post or send out to your employees via email/mail immediately called the FFCRA Poster. This notifies your employees of the new COVID-11 – Families First Coronavirus Response Act (FFCRA) and you are required by this Act to notify your employees. If you have laid off or furloughed any employees, you are not required to inform them. I highly recommend watching the video below to educate yourself on how this will work. If we process your payroll for you, we will just need to know if any of your employees qualify or this program and if we will be paying them the emergency paid sick leave instead of regular payroll.
This webinar talks more about the FFCRA Act:
https://www.nfib.com/webinars/covid-10-part2/
2. I’ve also included an attachment called “ESD-unemployment benefits” – If you have laid off or furloughed any of your employees, this is a helpful flyer on how they can apply for unemployment benefits thru the state of WA.
3. The 3rd attachment is a sample of what you can use if one or more of your employees needs to request Family Medical Leave.
IF YOU ARE IN NEED OF FINANCIAL ASSISTANCE IN THE FORM OF LOANS OR GRANTS:
This webinar will walk business owners and employers through the Coronavirus Aid, Relief, and Economic Security (CARES) Act stimulus bill, which will provide small business grants, forgivable loans, and tax relief.
All business owners who anticipate a need for financial assistance during the COVID-19 pandemic are encouraged to attend.
https://www.nfib.com/webinars/nfib-coronavirus-webinar-part-iii-financial-resources-and-updates-for-small-business/
And finally, I’ve attached the COVID-19-SBG to summarize most of the information you will get from the webinars if you are more of a visual learner.
WA STATE RESOURCES:
Get more information on Unemployment for your business thru state of WA here:
https://esd.wa.gov/newsroom/covid-19-employer-information
Get more information on Unemployment for your employees thru the state of WA here:
https://esd.wa.gov/newsroom/covid-19-worker-information
Get more information on unemployment for temporary layoffs, standby and furloughs in the state of WA here:
https://esd.wa.gov/unemployment/temporary-layoffs
Get more information on requesting a tax penalty waiver for quarterly employer payroll taxes for WA state here:
https://esd.wa.gov/employer-taxes/tax-penalty-waiver
OR STATE RESOURCES:
https://www.oregon.gov/DOR/Pages/index.aspx
I hope this helps! As always, please feel free to reach out with any questions you may have.
Warmly,
Joyce Kvalvik
Integrity Bookkeeping Solutions