Harper, Rains, Knight & Company, P.A.

COVID-19 Resource Guide: Taxpayers & Small Businesses

5/13/20 Accounting, COVID-19, Tax

During the coronavirus pandemic, it’s our goal to continue supporting the health, safety, and prosperity of our clients in any way we can. In this post, we’ve compiled some key resources for taxpayers and small business owners trying to stay up to date on the latest accurate information from trusted news sources. If you have any questions, please let us know. Helpful Features for Clients During COVID-19 If you’re a current client of ours, we are prepared to continue helping you even in the midst of the COVID-19 crisis. Below are some of the most helpful features we have to continue our secure, virtual engagements with you:

Client portal
Secure file sharing
Expert-written COVID-19 content to keep you updated on our blog
SBA emergency loan information
Tax Organizers & Digital Workflows

Have any questions? Contact us today.Blogs See all content and resources relating to coronavirus on our blog. Here’s the full list:

Unraveling the Economic Impact Payment Confusion
Delaying Payment of Old Tax Bills Is A Big Mistake
Video: The Latest on Missing IRS Rebate Checks
Forced to Return to U.S. From a Foreign Job? IRS Has Provided Time Waivers for Exclusion
Not All PPP “Forgivable” Loans Will be Forgiving
IRS Guidance: PPP Loan Expenses Not Tax-Deductible
Video – What the Employee Retention Credit Means to You
When Will I Get My Stimulus Check?
Unemployed by COVID-19? Special Benefits May Apply to You
Paycheck Protection Program and Health Care Enhancement Act: What’s in It?
Coronavirus-Related Tax Relief for U.S. Families and Individuals
Retirees that Don’t File a Tax Return and Have Dependent Children May Need to Take Action Before Noon April 22
Did You Take Your 2020 RMD Too Soon?
Rebates Are Finally Flowing – Did You Get Yours; Was It Correct?
Congress Makes Charitable Giving Easier During the COVID-19 Crisis
Employer Alert: Families First Coronavirus Response Act Provisions are Mandatory
Businesses Score Big Tax Benefits with the CARES Act
Video: A Paycheck Protection Loan Might be a Good COVID-19 Emergency Funding Option
The IRS Provides Online Tools for Recovery Rebates
Full Breakdown: IRS Filing, Payment, and Action Deadlines
IRS Extends Over 300 Tax Filing, Payment and Admin Deadlines
‘Main Street’ Loan Program to Support Small to Medium-Sized Businesses
Track Your Economic Impact Payment in the New IRS Portal
The IRS Starts Issuing Coronavirus Payments April 9th: When Will You Get Your Funds?
Employers Can Defer Payroll Taxes
Paycheck Protection Program (PPP) Information Sheet: Borrowers
Video: Self-Employed Individuals Now Qualify for Unemployment
Side-By-Side Comparison of the Paycheck Protection Program and Economic Injury Disaster Loans
Live Updates: The Latest COVID-19 News for Taxpayers and Small Business Owners
Tax Credit Pays for Keeping Employees on Payroll
Self-Employed and Independent Contractors Now Qualify for Unemployment Benefits
How Can I File for Unemployment in the United States?
Stimulus Legislation Includes SBA Loan Forgiveness
Running Low on Money? Congress Has Made it Easier for You to Tap Your Retirement Savings
Working from Home During the COVID-19 Outbreak? It Probably Won’t Save You Much on Your Taxes
What Does the $2 Trillion Stimulus Package Mean for You?
VLOG: IRS Delays Tax Season Filing and Payment Due Dates to July 15
Congress Provides Sick Leave and Child Care Leave Benefits for Employees
Q&A: Understanding SBA Disaster Loans and What They Mean for You
Can’t Pay Your Taxes? Payment Due Date Extended Because of COVID-19
What the April 15 Tax Filing Deadline Extension Means to You
The SBA Is Providing Small Business Disaster Loans for Relief During the Coronavirus Outbreak
Tax Filing Deadline Delayed to July 15
Beware of Scammers During the COVID-19 Crisis
Coronavirus and Taxes: Frequently Asked Questions (FAQ)
Families First Coronavirus Response Act: What Employers Need to Know
Treasury and IRS Announce 90-Day Delay for Tax Payment Deadline
Why You Need a Financial Advisor Even More in Uncertain Times

For Taxes In order to best serve our tax clients during these unprecedented times, we want to make sure you’re staying up to date on the latest info from the IRS and other sources. In addition to watching the sources below, we’ll be posting to our blog as legislation passes or anything else changes. We recommend checking on updates from these sources frequently. IRS

Get My Payment portal for stimulus payments Note: A Spanish version of Get My Payment is available here.
Taxpayer Bill of Rights
IRS Newsroom
IRS Coronavirus Relief
Key news releases:

May 12, 2020: IRS provides tax relief through increased flexibility for taxpayers in section 125 cafeteria plans
May 11, 2020: Why the Economic Impact Payment amount could be different than anticipated
May 8, 2020: Act by Wednesday for chance to get quicker Economic Impact Payment; timeline for payments continues to accelerate
May 8, 2020: Treasury, IRS release latest state-by-state Economic Impact Payment figures
May 7, 2020: IRS: Three new credits are available to many businesses hit by COVID-19
May 5, 2020: IRS retools Settlement Days program in response to COVID-19 pandemic; allows unrepresented taxpayers to settle their cases virtually and reach finality
April 28, 2020: Use IRS Non-Filers: Enter Payment Here tool to get Economic Impact Payment; many low-income, homeless qualify
April 26, 2020: IRS enhances Get My Payment online application to help taxpayers
April 24, 2020: VA, SSI recipients with eligible children need to act by May 5 to quickly add money to their automatic Economic Impact Payment; ‘Plus $500 Push’ continues
April 24, 2020: Treasury, IRS deliver 88 million Economic Impact Payments in first three weeks, release state-by-state Economic Impact Payment figures
April 21, 2020: Treasury, IRS announce cross-border tax guidance related to travel disruptions arising from the COVID-19 emergency
April 20, 2020: SSA, RRB recipients with eligible children need to act by Wednesday to quickly add money to their automatic Economic Impact Payment; IRS asks for help in the “Plus $500 Push”
April 17, 2020: Veterans Affairs recipients will receive automatic Economic Impact Payments
April 15, 2020: Supplemental Security Income recipients will receive automatic Economic Impact Payments
April 15, 2020: Treasury, IRS unveil online application to help with Economic Impact Payments; Get My Payment allows people to provide direct deposit information and gives payment date
April 13, 2020: REMINDER: Schedule and pay federal taxes electronically due by July 15
April 10, 2020: Treasury, IRS launch new tool to help non-filers register for Economic Impact Payments
April 9, 2020: IRS urges taxpayers to use electronic options; outlines online assistance
April 9, 2020: IRS extends more tax deadlines to cover individuals, trusts, estates corporations and others
April 2, 2020: IRS issues warning about Coronavirus-related scams; watch out for schemes tied to economic impact payments
March 31, 2020: Employee Retention Credit available for many businesses financially impacted by COVID-19
March 30, 2020: Economic impact payments: What you need to know
March 21, 2020: Tax Day now July 15 – Treasury, IRS extend filing deadline and federal tax payments regardless of amount owed


State Tax Filing Guidance for Coronavirus Pandemic

Tax Foundation

Tracking State Legislative Responses to COVID-19

For Small Businesses Whether you use these resources for your own small business or to send to SMB owners you know, this list showcases some of the resources and assistance available to help SMBs in this time of economic hardship. For any questions about these offerings and how we can help, reach out to our team. In addition to watching the sources below, we’ll be posting to our blog as legislation passes or anything else changes. We recommend checking on updates from these sources frequently. U.S. Treasury Department

Small Business Paycheck Protection Program (PPP)
Paycheck Protection Program (PPP) Information Sheet: Borrowers
Final PPP Borrower Application Form

USA Small Business Administration

Guidance for Businesses and Employers to Plan and Respond to Coronavirus Disease
Coronavirus Relief Options
SBA Disaster Assistance for COVID-19
Capital Access Resources
SBA Local Assistance Directory

U.S. Chamber of Commerce

COVID-19 Small Business Guide
Coronavirus response toolkit for small businesses

U.S. Federal Reserve

COVID-19 Supervisory and Regulatory FAQs
Main Street Lending Program for small to medium-sized businesses

Department of Labor

Coronavirus Resource Center
State by state list of workforce agencies
Occupational Safety and Health Administration (OSHA) COVID-19 guidance


Stand for Small: COVID-19 Help for Small Businesses
Small Business Development Center: COVID-19 Small Business Resources
ADP: Good resource for businesses managing absences, paid and unpaid leave
Forbes: List Of Coronavirus Small Business Relief Programs (updated continually, state and local included)
Support Local (USA Today): Buy gift cards to support local businesses struggling during this time – and encourage others to do the same!
Mazars USA offers Paycheck Protection Program analysis tool for small biz

Financial assistance (Grants, loans, etc):

How To Get $1,000 If You Are A Freelancer, Gig Worker, Or Independent Contractor
For freelancers: The Freelancers Union has started a Freelancers Relief Fund where you can apply for grants to make up for lost income
Faire: Financial planner for retailers – Use this calculator to understand the potential impact of COVID-19 on your business, and see immediate next steps you can take
Loom: Free COVID-19 Cash Runway Scenario Planning Tool – Gauge the impact COVID-19 could have on your company
Facebook: Small Business Grants Program (offering $100M in cash grants and ad credits)
Finder.com: Where to find free or low-interest loans for small businesses affected by the coronavirus
Kiva: The crowdsourcing/microfinance company is offering 0% loans up to $15,000 with no payments for six months.
GoFundMe has partnered with Yelp to launch the Small Business Relief Initiative, offering grants and resources to small business owners.

Government Resources Keep checking these pages for the latest news and guidelines straight from the source – government and public health officials. Centers For Disease Control

Coronavirus Resources Page
About Coronavirus Disease
Situation Summary
Interim Guidance for Businesses and Employers

World Health Organization Coronavirus Information Page Department of Homeland Security Pandemic Guide U.S. State Department

Travel Advisories
Current Outbreak Updates


Total Government Response to Coronavirus
Total Government Response to Coronavirus (Spanish)
Government Response by State

Social Media If you aren’t following us on social media already, click the icons on our website to visit our social media profiles. Additionally, be sure to follow the accounts for crucial authorities during this time: