The IRS, at the direction of the President, has moved Tax Day from April 15 to July 15. All taxpayers and businesses will have this additional time to file and make payments without interest or penalties. For more information, visit the IRS Coronavirus site and their FAQs.
The Families First Coronavirus Response Act that the president just signed into law includes two provisions to help ensure that employees who are sick or need to care for a loved one can get the time off that they need during this public health crisis. Understanding that providing additional leave to employees will be difficult for many businesses, especially small businesses, this bill provides necessary relief to help businesses, non-profits, and self-employed individuals c
As employers navigate new challenges created by COVID-19, one way to help maintain their trained workforce is the State's WorkShare program. Employers can temporarily reduce their workforce in a particular unit, shift or company 10% - 50% and avert a layoff. They can then recall the employees when business increases. As employees are retained - morale, productivity and flexibility in the workplace are maintained. Affected employees have a softer landing as their hours are red
Per Emergency Executive Order #5, individuals who are unable to work or who have reduced hours due to the COVID-19 pandemic will have immediate access to unemployment benefits. Anyone in the following situations will now be eligible for state unemployment: If your employer temporarily closes due to COVID-19; Individuals that need to self-quarantine or are directed to quarantine at the instruction of a health care provider, employer or government official; Individuals that nee
U.S. Small Business Administration (SBA) low-interest federal disaster loans can provide working capital to New Hampshire small businesses and private, non-profit organizations suffering substantial economic injury as a result of COVID-19. SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance to help overcome the temporary loss of revenue. These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of th
The NH Department of Business and Economic Affairs launched a new website to support the business community . The site has information on business resources, financial assistance, unemployment benefits, health guidelines and recent updates on COVID-19. Click HERE to visit the new site.
As in any economic downturn, the recognition and the speed of adaptation is key to liquidity and to sustaining businesses. While there is no one solution to fit all, there are working case scenarios that can come as good examples of that adaptation process and measurable success.
To help you address critical business operations, NH SBDC’s advisors have prepared Tips and Recommendations to help you think through what you should focus on now and what to plan for down the roa
The Family First Coronavirus Response Act was signed into law on Wednesday and it may impact some small businesses. The act applies to all small private sector employers with less than 500 employees that don’t obtain an exemption from the Department of Labor, which may exempt certain employers with fewer than 50
employees from providing paid sick leave or family leave if the requirements would jeopardize the
viability of the employer. The law is a short-term law and the pro
Attention Non-Profit Organizations! Please complete the following survey about your needs. The survey was created by the NH Center for Nonprofits in collaboration with CDFA and other NH Funders. The survey results will lead our efforts. Please complete this no later than end of day today (Tuesday, March 17, 2020). Follow the link to the SURVEY.