Are you a farmer or rancher whose operation has been directly impacted by the coronavirus pandemic? The Coronavirus Food Assistance Program provides direct relief to producers who faced price declines and additional marketing costs due to COVID-19.
The programs and initiatives in the Coronavirus Aid, Relief and Economic Security (CARES) Act are intended to assist business owners with resources to cover immediate needs. When implemented, there will be many new resources available for small businesses, as well as certain non-profits and other employers.
The Paycheck Protection Program is designed to provide a direct incentive for small businesses to keep their workers on payroll by providing each small business a loan up to $10 million for payroll and certain other expenses. If all employees are kept on payroll for eight weeks, SBA will forgive the portion of the loans used for payroll, rent, mortgage interest, or utilities. Up to 100% of the loan is forgivable.
FFCRA:Employer Paid Leave Rights requires certain employers to provide employees with paid sick leave or expanded family and medical leave for specified reason related to COVID-19.
More information on FFCRA with examples
The Families First Coronavirus Response Act (the "FFCRA"), signed by President Trump on March 18, 2020, provides small and midsize employers refundable tax credits that reimburse them, dollar-for-dollar, for the cost of providing paid sick and family leave wages to their employees for leave related to COVID-19.
Unemployment benefits are available through the Nebraska Department of Labor.
The Short-Time Compensation program helps prevent layoffs by allowing employers to uniformly reduce affected employees’ hours by 10 to 60 percent while permitting the employees to receive a prorated unemployment benefit.
The payments, also referred to by some as stimulus payments, are automatic for most taxpayers. No further action is needed by taxpayers who filed tax returns in 2018 and 2019 and most seniors and retirees. If you would like to get your payment status, confirm payment type, or enter direct deposit information please follow the link below.
IRS temporarily adjust, suspends key compliance program.