Coronavirus (COVID-19), Your Business & Your Money: A Financial Resources Guide

Get Business Resources and Information from the Experts

There is a tremendous amount of information pouring out of accounting, financial advisory and law firms about what businesses must do to comply with, and how they can benefit from, COVID-19 related laws and regulations. Such thought leadership is laudable but can be overwhelming, and so much is redundant or out-of-date by the time you read it.

How do you know whom to trust?

How do you find the best researched, best analyzed, best written and most up-to-date business and financial resources—a particularly important consideration given that new laws and regulations are being put into place regularly, and even those already in place are being frequently amended?

This landing page, which will be updated from time to time, collects reliable and easy-to-understand business resources and information that you should know if you own or run a business. It is designed to educate and inform about only the financial and legal aspects of coronavirus legislation.

Section 1. Recommended Articles About Specific Topics

We suggest you begin your search for specific information in this section. Organized by subject matter, each article has been written with the goal of conveying quickly and accurately key information that you need to know.

• Checklist for any business in the face of COVID-19
• Court closures and restrictions – a useful guide for attorneys
• Fiduciary duties of board members of companies relative to COVID-19
• Force majeure clauses & other contractual “outs”
• Landlord relations – how to obtain rent concessions
• Letters of credit
• Main Street lending facilities
• PPP Loans – List of Lenders
• Tax deductions related to working from home
• 6 Financial Tips for Widows in the Age of Coronavirus (COVID-19)
• Trade Credit Insurance in COVID-19 Times
• How NY Gov. Andrew Cuomo Combined Behavioral Science and Leadership to Battle COVID-19… Whether He Knew It or Not

Section 2. Best Business and Financial Resource Centers

Many websites operated by government agencies, not-for-profits, large law and accounting firms and news organizations have created “Coronavirus / COVID-19 Resource Centers on their websites, all of which are at least somewhat duplicative of others. We have reviewed more than 100. These are the best:

• US Chamber Foundation
• MainStreet.org
• American Institute of CPAs (AICPA)
• MBA.org
• U.S. Small Business Administration
• Moses & Singer LLP
• Jackson Walker
• Sidley
• Morrison Foerster
• Dentons
• Accounting Today
• Inc.com

Most readers will be well served by one of the above financial resources, many of which include links to useful and free webinars. As noted above, the level of redundancy among thought leaders about these issues is tremendous. Nonetheless, we collect below some of the specific resources we refer to most frequently.

Section 3. Key Federal Laws Regarding Coronavirus

• March 2020
  • Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020
  • Families First Coronavirus Response Act
  • Coronavirus Aid, Relief, and Economic Security Act (CARES Act) – Includes $1200 stimulus checks.
• April 2020
  • Paycheck Protection Program and Health Care Enhancement Act
• June 2020
  • Paycheck Protection Program Flexibility Act of 2020
• July 2020
  • A bill to extend the authority for commitments for the paycheck protection program
• December 2020
  • Consolidated Appropriations Act, 2021 – Includes $600 stimulus checks.

Agency Rules:

• Assistance for Small Businesses – U.S. Treasury

Section 4. Federal Government Resources

1. USA.gov
   • General links to federal government resources
2. IRS
   • IRS COVID-19 Overview
   • IRS Filing and Payment Deadlines Questions and Answers
3. Department of the Treasury
   • DOT COVID-19 Overview
4. Small Business Administration
   • SBA COVID-19 Overview
   • Disaster Assistance Programs
   • Express Bridge Loan Pilot Program Guide
   • Types of 7a Loans
5. United States Patent and Trademark Office (USPTO)
   • Relief available to patent and trademark applicants and patent and trademark owners affected by the coronavirus outbreak.
6. US Equal Employment Opportunity Commission (EEOC)
   • “What You Should Know About COVID-19 and the ADA, the Rehabilitation Act, and Other EEO Laws” – Information about what can and cannot be discussed about COVID-19 medical issues.
   • Updated “Pandemic Preparedness in the Workplace and the Americans with Disabilities Act” guidance in response to COVID-19.
7. OSHA
   • OSHA COVID-19 Overview page
   • OSHA’s Comprehensive Guidance on Preparing Workplaces for the Virus
8. Department Of Labor
   • Department of Labor COVID-19 Overview
   • COVID-19 and the Family and Medical Leave Act Questions and Answers
   • Families First Coronavirus Response Act Notice – Frequently Asked Questions
9. Centers for Disease Control (CDC)
   • Interim Guidance for Businesses and Employers to Plan and Respond to Coronavirus Disease 2019 (COVID-19)

Section 5.  State & Local Government Information

• American Institute of CPA’s State-By-State Chart For COVID-19 State Tax Filings Guidance
• Holland and Knight State-by-State Guide
• Reddit State-by-State Unemployment Benefit Guide Related to COVID-!9
• North American Securities Administrators Association COVID-19 Related Updates

[Editor’s Note: To learn more about this and related topics, you may want to attend the following webinars: Help, My Business is in Trouble! and Basic Concepts Applicable to All Borrowers & Lenders.]

©All Rights Reserved. April, 2020.  DailyDAC™, LLC d/b/a/ Financial Poise™