4/17/20 Update: CARES & FFCRA - COVID-19, PPP Loan, Disaster Loans and Sick Leave
We hope you are doing well and were able to get some good information from our last message 2 weeks ago. We have been getting a lot of positive feedback from our clients about how proactive we have been in supporting them. The plan is to send you helpful tools and hand-selected information in summary form, every two weeks.
Here is a link to our last client message from 3/24/2020 https://optimaoffice.com/message-to-our-valuable-clients/
You can also access relevant and timely COVID-19 Accounting and HR Q & A here: https://optimaoffice.com/optima-news/
The Optimal HR & SBA Task Force – We launched the Task Force last week to help advise businesses on the different SBA programs and HR Compliance due to COVID-19. To learn more please go here: https://optimaoffice.com/the-optimal-hr-sba-task-force-teams/
Here are the latest helpful links we recommend:
How do you comply with the social distancing standard at your office? Fillable form here: https://www.sandiegocounty.gov/content/dam/sdc/hhsa/programs/phs/Epidemiology/covid19/SOCIAL_DISTANCING_AND_SANITATION_PROTOCOL_04022020_V1.pdf
This document must be posted near the entrance at all businesses that are open to the public and must be distributed to all employees that work at a facility regardless if it is open to the public or not.
Resource for funding and support for Non-Profit Organizations
Be careful of Zoom bombing!
*Helpful hint: protect your Zoom meetings by requiring a password, never share your meeting ID and use waiting rooms so you only admit intended participants.
For face-covering guidance (i.e. masks)
COVID-19 Economic Injury Disaster Loan Application:
Details on the “Paycheck Protection Program” Loan
Allowable uses include:
Loan Forgiveness will be equal to the amount spent during an eight-week period after the origination date:
The loan will be fully forgiven if the funds are used for payroll costs, interest on mortgages, rent, and utilities (due to likely high subscription, at least 75% of the forgiven amount must have been used for payroll). Loan payments will also be deferred for six months. Forgiveness is based on the employer maintaining or quickly rehiring employees and maintaining salary levels. Forgiveness will be reduced if full-time headcount declines, or if salaries and wages decrease. This loan has a maturity of 2 years and an interest rate of 1%.
What you’ll need for the PPP
A Look Around the World
Entertainment! By making a minimum donation of $30 to the San Diego International Film Festival, Starting April 1 through May 6 you will have access to independent films have a laugh, be entertained and see the world from a fresh perspective...something we all need right now. https://sdfilmfest.com/online-film-series/
DISCLAIMER – Due to the daily changing environment and guidelines being provided by the government, this information could be outdated. Please contact our office for the latest updates and guidelines. Optima Office is not responsible for any actions taken due to the information provided. The information provided here is for instructional purposes and does not represent legal advice being given by Optima Office.
The Families First Coronavirus Response Act (FFCRA or Act) requires certain employers to provide...