COVID-19 Business Resources

COVID-19 Business Resources

With daily updates about the economic impact of the Coronavirus (COVID-19) on businesses and questions about the relief offered by the European Commission, EU member states and U.S. Government agencies, EACC has put together an overview of state and federal relief available to offset economic losses.

American & European businesses are facing an unprecedented economic disruption due to the COVID-19 outbreak government worldwide have put together various loan programs to help those businesses.

This section offers resources from the US and across Europe to help you navigate this “new normal.”

We also added a selection of COVID-19 related member insights and resources. Please feel free to reach out to the EACCNY Office if you would like to connect to any of the EACC members to learn more about any of the issues raised in their articles and white papers.

NEED MORE HELP :
If you have questions or need assistance applying for the above relief programs, we encourage you to reach out to the EACC. We have a network of experts at the ready who can help you through the process and manage the labyrinth of paperwork. You can reach us by email at ybr[at]eaccny.com.

COVID-19 RELATED NEWS

COVID-19 News, Member News

RPJ Law | That Would Be Enough: COVID-19 Relief Package for Arts and Entertainment Venues, Small Businesses, and Professionals

Initially published in The Law Ally of Broadway | Late last month congressional leaders finally agreed to offer cultural institutions, including music venues and movie and stage theaters, a coronavirus relief package of $15 billion for “Save Our Stages”, as part of the larger $900 billion relief package, which includes additional categorical relief, such as the Paycheck Protection Program, and unemployment benefits and direct assistance to individuals.  The Save Our Stages relief is intended to try to save and assist these...

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Chapter News, COVID-19 News

IMF | What the Continued Global Uncertainty Means for You

Global uncertainty reached unprecedented levels at the beginning of the COVID-19 outbreak and remains elevated. The World Uncertainty Index—a quarterly measure of global economic and policy uncertainty covering 143 countries—shows that although uncertainty has come down by about 60 percent from the peak observed at the onset of the COVID-19 pandemic in the first quarter of 2020, it remains about 50 percent above its historical average during the 1996–2010 period. 'Uncertainty in systemic economies matters for uncertainty around the world.' What drives global uncertainty? Economic...

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COVID-19 News, Member News

TABS | Update Paycheck Protection Program

The Small Business Administration (SBA) published their guidelines for the Second Round of PPP loans (“PPP2”) which was signed into law late December (The Consolidated Appropriations Act, 2021). This is the second largest federal stimulus package following the previous CARES Act that was signed earlier in 2020. This second round offered another round of Paycheck Protection Loans (“PPP2”), which could potentially benefit some of TABS’ clients. Like the first round of PPP, the loans are meant to help small businesses who...

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COVID-19 News, Member News, New York Related News

Grassi & Co. | Moves out of NYC Muddy the SALT Waters for NYS Residents

While a halt in state income tax payments can trigger a residency audit in many states, New York City is one of the few municipalities to aggressively pursue them. With office buildings across the city dark for most of 2020 and employees flocking to other states or second homes, many taxpayers are left wondering where their 2020 resident state and local tax (SALT) obligations lie. This issue is often the blurriest for New York State residents, who still reside in...

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