Gordon Advisors Resource Center for COVID-19
SBA (7) lenders began accepting applications for Paycheck Protection Program loans on April 3, 2020 for small businesses and sole proprietorships, and April 10, 2020 for independent contractors and self-employed individuals. Please click on the links below to find out more about the program.
PPP loan forgiveness applications will be processed by the lender who submitted the PPP loan. Please visit your lender’s website to find out information on when they will begin accepting forgiveness applications.
Please note, the material located on our site is for informational purposes only, is general in nature, and is not intended to and should not be relied upon or construed as an opinion or advice.
The health and safety of our team, clients, and the community are our top priority. We are no longer accepting visitors in our work place in light of Governor Whitmer signing the “Stay Home, Stay Safe” Executive Order. We will follow state and county guidelines and keep you updated as to when we will resume in-person meetings. Click on the link to see our outline on how we are addressing service during this crisis.
The Michigan Economic Development Corporation is providing immediate economic support to Michigan’s small businesses to overcome anticipated loss of revenue as a result of the COVID-19 virus
The IRS has established a special section focused on steps to help taxpayers, businesses and others affected by the coronavirus. This page will be updated as new information is available.
The State of Michigan is providing guidance to employers contemplating potential layoffs through presentations, webinars and fact sheets. Additionally, the state has provided resources for individuals facing unemployment.
The Small Business Administration (SBA) provides low-interest disaster loans to help businesses and homeowners recover from declared disasters.
Wolters Kluwer has put together an informative tax briefing regarding the CARES Act.
This special briefing describes the current tax policies of the candidates of the two
major parties: President Donald Trump and former Vice President Joe Biden.
The Family and Medical Leave Act (FMLA) entitles eligible employees of covered employers to take unpaid, job-protected leave for specified family and medical reasons with continuation of group health insurance coverage under the same terms and conditions as if the employee had not taken leave.
The World Health Organization (WHO) is monitoring cases, answering questions and offering guidance to those in need during the COVID-19 outbreak.
The Centers for Disease Control and Prevention’s website has a page dedicated to COVID-19. You can check symptoms and learn more about how to protect yourself.
Learn how businesses can take advantage of CARES Act tax relief measures to help with economic disruption caused by the pandemic in this guide by the Journal of Accountancy.
Surrounding counties COVID-19 and grant information
CARES Act: Provider Relief Fund
Gordon Blogs and Additional Resources Regarding COVID-19
The COVID-19 virus has made fast, drastic changes to how we live and work. In an effort to help consolidate the various pieces of legislation and important information from the Department of Labor (DOL), we’ve created a list of the most frequently asked questions regarding unemployment insurance benefits, the Family and Medical Leave Act (FMLA), and the changes made by the FFCRA and the Fair Labor Standards Act (FLSA).
Congress passed and President Trump signed the Families First Coronavirus Response Act (FFCRA) on March 18, 2020; it will become law 15 days after the signing. The bill provides paid sick leave, free coronavirus testing, expansion of food assistance and unemployment benefits, and requires employers to provide additional protections for health care workers.
The U.S. Treasury Department, Internal Revenue Service (IRS), and the U.S. Department of Labor (Labor)
announced that small and midsize employers can begin taking advantage of two new refundable payroll tax
credits, designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing Coronavirus-related
leave to their employees.
Small businesses are now eligible for up to $2 million in Economic Injury Disaster Loans from the Small Business Administration (SBA) after President Trump called for an additional $50 billion in funding to the SBA’s lending program from Congress in response to COVID-19.
Scammers are taking advantage of fears surrounding the Coronavirus. Here are some tips to help you keep the scammers at bay.
The Small Business Administration (SBA) and Treasury announced on October 8 that a simplified application (Form 3508S) for Paycheck Protection Program (PPP) loan forgiveness is now available for borrowers whose loans fall in the $50,000 or less threshold.
Sign up now for the COVID-19 Update from Gordon Advisors to keep you safe and well-informed during this crisis.