The U.S. Small Business Administration (SBA) is awarding funding through the Restaurant Revitalization Program to restaurants, bars, and other similar places of business that serve food or drink. The purpose of this funding is to provide support to eligible entities that suffered revenue losses related to the COVID-19 pandemic.
While based on similar principles as the first round of PPP funding under the CARES Act, the second round of PPP has some key differences. The Applicant must have experience at least a 25% reduction in gross receipts when comparing the same quarter between 2019 and 2020. More details are given on the application instructions which can be found following the link below.
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.
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.
American Rescue Plan Act of 2021 Extended benefits through September 30, 2021.
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 IRS announced on March 12, 2021 that the third round of Economic Impact Payment will be sent out via direct deposit, check or debit card. The IRS has a "Get My Economic Impact Payment" link that you may check the status of your payments.
If you had direct deposit information on your 2019 return, the rebate payments should start to arrive in mid-January. Paper checks will also be mailed out soon after. The IRS has a "Get My Economic Impact Payment" link that you may check the status of your payments.
When you file a 2020 Form 1040 or 1040SR you may be eligible for the Recovery Rebate Credit. Save your IRS letter - Notice 1444 Your Economic Impact Payment - with your 2020 tax records. You’ll need the amount of the payment in the letter when you file in 2021.
IRS temporarily adjust, suspends key compliance program.