​​​​Pandemic Response for Small Businesses Affected by the Shutdown

Last updated June 2, 2020

by Fit Money CPA, Louisville Ky

SMALL BUSINESS RESPONSIBILITIES

THE FAMILIES FIRST CORONAVIRUS RESPONSE ACT

The Families First Coronavirus Response Act (FFCRA or Act) requires certain employers to provide their employees with paid sick leave and expanded family and medical leave for specified reasons related to COVID-19. These provisions apply from April 1, 2020 through December 31, 2020. Click for More Info.

A COVID-19 FAQ is available here from the Kentucky Restaurant Association. This is extremely good, detailed information regarding the Families First Response act and how it may affect your business.

Click here to Download the FAQ PDF.

RESOURCES AVAILABLE TO SMALL BUSINESS

SMALL BUSINESS PAYCHECK PROTECTION PROGRAM

The Paycheck Protection Program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent and utilities. Click for More Info.

SBA FEDERAL DISASTER LOAN ASSISTANCEUp to $10,000 advance deposit in your business checking account. Click for More Info

Other Resources


Fit Money CPA provides tax, accounting, consulting and advisory services to a variety of businesses and individuals.  Please contact us (tax@fitmoneycpa.com) to see how we may be able to assist you.