If you are an employer at this time, it may feel difficult to navigate the constant changes in the law and to understand what government help, if any, is available for your small business. Luckily, there are COVID government protections and laws are already in place to help employers keep their business and their employees afloat financially. Where to start? First, review what small business relief is available now. Here is an abbreviated list of things that may directly impact you, your employees and your business:
1. Paid Leave:
Due to the Coronavirus, employers are required to provide sick and in certain defined circumstances, extended paid sick leave (such as when an employee has to stay home to care for a quarantined loved one). The details of paid leave and other employee rights outlined in the Families First Coronavirus Response Act can be found here.
2. Loan Relief:
The CARES Act outlines things like the paycheck protection loan program, changes to the SBA’s Economic Injury Disaster loans and other relief programs for businesses. A clear guide provided by the Chamber of Commerce of the CARES Act can be found here.
3. Government Response and Restrictions:
It is a chaotic time and therefore it is important to keep up with what government bodies are requiring from businesses. Whether you’re wondering about health and safety restrictions, taxes, travel, or anything else that may affect your business and your employees, you can find more about what the government is doing here.
COVID Government Protections – Nevada-Specific:
One last tip if you are a resident of the state of Nevada and a sole proprietor of a small business, you can apply for unemployment compensation for the first time. You must call 775-684-0350 for the proper procedure to qualify with the State of Nevada.
Small businesses are doing their best to pivot during these unprecedented times by producing alternative products like masks or sanitizer, offering curbside and online take out and finding ways to give back to those on the front lines, but they need more help to survive. If you’re a small business owner, it’s important to keep your ear close to the ground for relief, hope and survival.
Chuck Kozak is a veteran lawyer with nearly $1 Billion in settlements. Follow Kozak & Associates on Facebook to stay up to date with future blogs, tools, and resources we create to serve you. Need a free case review? Talk to Chuck.