COVID-19 Updates 04/03/2020

COVID-19 Updates 04/03/2020

Federal 

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Special Series: Today we will be focusing on the ways that the CARES Act and the Families First Coronavirus Response Act benefits 501c(3) nonprofits.
Below you will find a chart that goes into detail on the employee retention tax credits and delay of payment of employer payroll taxes. In addition, the CARES Act provides added incentives for both those who itemize charitable deductions and those who do not itemize charitable contributions in 2020.
Our firm can help you walk through the complicated process and what benefits you may be eligible for.
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  • Congress has begun to sketch the outline for the 4th COVID-19 relief bill that will be very similar to the CARES Act. It will most likely include more money to states, cities and small businesses expanded unemployment benefits and another round of direct payments for Americans.
  • Previously Speaker Nancy Pelosi was hoping to pass a more robust boulder bill, but it was getting push back from Republican leaders.
  • A timeline for any legislative action remains uncertain as the House and Senate are on recess until April 20th.
The Paycheck Protection Program application is out today.
Please find the application here.
Treasury Department FAQ guide.
Paycheck Protection Program FAQs for Small Businesses
Chamber of Commerce helpful packet on payroll taxes.
Please reach out to your leading organization for more details.
If you missed our webinar yesterday where we went into detail on the Payment Protection Program and the Economic Injury Disaster Loan (EIDL), you can find a copy of the slides here.
State
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COVID-19 updates: 8,420 cases in PA in 63 counties with 102 deaths.
  • Today Gov. Wolf called for all Pennsylvanians to wear masks any time they leave their homes for life-sustaining reasons.
  • He urged that members of the public do not buy surgical masks as those are needed for healthcare workers and first responders but instead make your own at home.
  • “Wearing a mask will help us cut down the possibility that we might be infecting an innocent bystander, like the grocery store cashier, the pharmacist, or someone stocking shelves,” Gov. Wolf said
  • Currently, less than 1 percent of the state’s population have reported test results to the state Department of Health since March 6.
  • There has been a short supply of testing throughout the county, so this is not the fault of the Pennsylvania government. Earlier testing in the early stages of the pandemic may have helped public health officials trace the COVID-19 through contact tracing.

City

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COVID-19 Update: 2,100 cases in Philadelphia.

  • William Penn Grants for Childcare providers
  • Who can apply: Licensed child care, family child care homes, pre-k, early intervention and home visiting programs
  • How much you can get: $20,000
  • Application deadline: Applications will be accepted on a rolling basis
  • Application link
  • Low-interest loans from Philly Enterprise Center
  • Who can apply: Philadelphia-based small businesses with at least one employee
  • How much you can get: up to $250,000 depending on business revenue.
  • Application deadline: Applications are accepted on a rolling basis until all funds have been distributed
  • The Enterprise Center is a Philadelphia nonprofit that supports minority entrepreneurs and small business owners.
  • Application link 
Construction loans for POC-owned businesses
  • Who can apply: Any construction business owned and operated by what are classified as “ethnic minorities” working on a contract(s)
  • How much can you get: up to $50,000
  • Application deadline: Applications are accepted on a rolling basis until all funds have been distributed
  • Application here

Good News of the Day

People are sharing hilarious photos of their quarantine haircuts gone wrong
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Today.Com – What do you do when you’re stuck at home social distancing and in desperate need of a haircut?
With salons and barbershops across the country temporarily closed, some are asking their spouses and kids to give them a quick trim, and they’re sharing the good, bad and even ugly results on social media.

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