Dear Clients and Friends,
As the situation involving the Coronavirus (COVID-19) pandemic continues to evolve, we want to let you know that Stivers Accounting & Bookkeeping is open and prepared to support all your needs.
To protect the health and safety of our employees and clients, our professional staff is working from home, equipped with the technology needed to stay connected to you and your business. Rest assured, your calls and e-mails will be answered and we will continue to support you with the same high standard of service you have come to expect.
Please do not hesitate to let us know how we can assist you. You can reach all of us directly by phone or email.
Julie Stivers – 360-386-9955 or julie@stiversaccounting.com
Traci Hartmann – 360-548-3945 or traci@stiversaccounting.com
Jordan Kurtz – 360-386-9875 or jordan@stiversaccounting.com
Sue Outman – 360-386-8962 or sue@stiversaccounting.com
Here are some links we think you’ll find useful as you weave your way through the various programs and laws and new requirements. Let us know what information you need to properly assess which path is right for you.
Families First Coronavirus Response Act
This law was passed 03-18-2020 and provides guidance for the Emergency Family and Medical Leave and Emergency Paid Sick Leave (among other things) now required to be provided by employers under 500 employees and the very important Tax Credits that make these benefits affordable for us small business owners as we work to preserve our workforce.
Link: https://www.congress.gov/bill/116th-congress/house-bill/6201
Coronavirus Aid, Relief, and Economic Security (CARES) Act Summary
This Summary is provided by the National Law Review and summarizes the major points of the stimulus package signed into law March 27, 2020. The part that affects us small businesses the most is the $350 Billion funding a new SBA loan product (PPP) that may all be eligible for.
Link: https://www.natlawreview.com/article/summary-cares-act
SBA Guidance and Loan Resources
https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources
There are links here for the Paycheck Protection Program (PPP) as well as the new, streamlined Economic Injury Disaster Loans and Loan Advance (EIDL). They are two separate programs and it appears they have separate benefits. It is unclear if a business can apply for both. The EIDL is applied for directly with SBA and the PPP is applied for through your local business bank and has the potential to be forgiven in whole or in part.
COVID-19 Scenarios and Benefits Available to our Employees
https://esdorchardstorage.blob.core.windows.net/esdwa/Default/ESDWAGOV/newsroom/COVID-19/covid-19-scenarios-and-benefits.pdf
This is a comparison chart for state programs that are potentially available to all employees depending on the situation of their job and their employer.