New COVID-19 Webinar: “Got a payroll? Don’t leave money on the table”

Under the CARES Act, every employer with a payroll has an opportunity to retain cash–whether they have a PPP loan or not. What employers need to know right now.

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) along with the Payroll Protection Program (PPP) offer all business owners relief, but the details can be confusing or overlooked.

Perhaps you don’t fully understand how the deferral of the employer’s share of Social Security taxes works. Maybe you wonder if the deferral even applies to you—good news, it does if you have a payroll!

Failure to fully understand your options could cost you money, at a time when “cash is king.”

As part of PYA’s ongoing commitment to sharing helpful guidance, Tax Principals Debbie Ernsberger and Mark Brumbelow will outline issues and opportunities within the CARES Act, and will answer questions during a one-hour complimentary webinar on Wednesday, May 20, at 11 a.m. EDT.

Register here!

If you would like additional information about the CARES Act, PPP, tax deferral, or additional COVID-19 guidance, visit PYA’s COVID-19 hub, or contact a PYA executive below at (800) 270-9629.

TAEBC wants your feedback, highlights resources for small businesses during COVID-19 pandemic

During this time of crisis, TAEBC is continuing to champion advanced energy as an economic development and job creation strategy for the state and provide businesses and entrepreneurs with the resources they need to weather this storm. 

To start, TAEBC wants your feedback about what the industry needs to remain solvent and thrive. What could your business use or need in a second round of federal stimulus? Please send your feedback to TAEBC here by email.

“Even in these challenging times, TAEBC continues to champion advanced energy as an economic development and job creation strategy for the state,” said Cortney Piper, Executive Director of TAEBC. “We are committed to our members and stakeholders in fostering the growth of Tennessee’s advanced energy technologies and startups.”

As one of TAEBC’s missions is to foster the growth of Tennessee’s advanced energy technologies and startups, we want to provide resources small businesses and entrepreneurs can use during this crisis. See the resources from Launch Tennessee (LaunchTN) and the U.S. Small Business Administration (SBA) below:

LaunchTN’s COVID-19 Updates, Resources and Tennessee Innovation Crowdsource Platform
LaunchTN has created a special webpage which includes guidance from health officials, updates from statewide network partners, resources to support small businesses and startups, webinars and other virtual learning opportunities, and other information as needed. Browse the list of resources here.

LaunchTN is also partnering with Governor Bill Lee’s COVID-19 Unified Command to invite proposed solutions to the critical challenges the state now faces. Companies, including entrepreneurs and startups, are encouraged to submit proposals via the Tennessee Innovation Crowdsource Platform, which will allow them to evaluate, perform due diligence and recommend selected solutions to state procurement specialists for fast-track treatment.

All innovators are invited to participate, regardless of whether they’re able to scale at the level needed right now. This long-term project will address immediate needs and continue to serve the state far into the future.

SBA Disaster Assistance
Tennessee small businesses are now eligible for disaster assistance from SBA. Businesses impacted by the COVID-19 pandemic may apply for up to $2 million in federal assistance to help overcome the temporary loss of revenue. To learn more about the application process and loan parameters, click here. To apply, follow this link.

The Small Business Owner’s Guide to the CARES Act
The programs and initiatives found in the Coronavirus Aid, Relief, and Economic Security (CARES) Act recently passed by Congress are intended to assist business owners with whatever needs they have right now. There are many new resources available for small businesses, as well as certain nonprofits and other employers. This guide provides information about the major programs and initiatives that are available from the SBA to address these needs, as well as some additional tax provisions that are outside the scope of SBA.