Families First Coronavirus Response Act (FFCRA) What is it?
This bill responds to the COVID-19 outbreak by providing sick leave, tax credits, and free COVID-19 testing, expanding food assistance and unemployment benefits, and increasing Medicaid funding.
This program is fully refundable through employer withholding tax credits. For more details please visit the IRS COVID-19 Related Tax Credits for Required Paid Leave.
SBA Economic Injury Disaster Loans What is it?
The US Small Business Administration is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of COVID-19.
You can find more information and begin the application process here.
If you have questions about additional resources that could help you and your practice through this difficult time, please contact your Professional Risk agent today, and we would be glad to assist you.