Governor Warns California of a Possible New Stay at Home Order

Earlier this week, Governor Newsom discussed the potential for a new Stay at Home Order for counties in purple, this would include San Bernardino county. It is imperative that businesses prepare for the chance that the response to the pandemic would be a new stay at home order.

In addition, the governor discussed the expected hospitalization rates that could mean that ICU beds could exceed capacity 107 percent in southern California by mid to late December.

The news prompted the governor to reiterate the actions the state has taken to make available billions of dollars for small businesses relief. These relief funds and programs for small businesses can be found at covid-19.ca.gov website or https://covid19.ca.gov/business-and-employers.

STATE BUSINESS PROGRAMS

Emergency relief packages. For more information, please visit the websites included here to read all regulatory and grant application information.

California and the federal government are providing tax assistance and benefits to small businesses. https://covid19.ca.gov/taxes/ This includes:

• Interest-free deferral of sales/use tax up to $50,000 for businesses with less than $5 million in taxable sales

• A $1,000 tax credit for new employees hired by small businesses (up to $100,000 per business)

• Excluding forgiven Paycheck Protection Program loans from state gross income

• Federal tax credits to small businesses for COVID-19 employee paid leave 

• $25,000 for small businesses and nonprofits also included in this package.

• Tomorrow, December 1, the state is implementing a main street hiring tax credit for hiring qualified employees.

• The state has a tax relief program of $100 million to waive franchise tax fees for new businesses.

• SBA and the state are offering numerous programs for disaster relief loans for businesses that would not otherwise qualify for loans.

ALSO, restaurants, please review the great plates program providing you reimbursement for meals provided to seniors. The state will provide after 75% reimbursement for these cost and allow you to maintain your employees. The great bites program what’s discussed today by the governor and can be found at https://covid19.ca.gov/restaurants-deliver-home-meals-for-seniors/ For the next 6 to 9 weeks our small businesses might be even more severely impacted, some would say more the impact may be harder than all of 2020. It is important that you look into these programs in order to maintain your businesses.