Business Assistance

Emergency Business Loan Programs

The Paycheck Protection Program (PPP) is designed to keep small business workers employed through loans that may be forgivable under certain circumstances.

• PPP Guide and Checklist for Small Businesses
• Small Business Administration Guidelines for the PPP
• U.S. Treasury Guidelines for the PPP
• Find a Lender

The Economic Injury Disaster Loan (EIDL) is a working capital loan to help small businesses meet their ordinary and necessary financial obligations that cannot be met as a result of COVID-19.

• Small Business Administration Disaster Assistance
• Guide to the EIDL Program  

*Independent Contractors may be eligible for both of these loan programs-  Independent Contractor’s Guide to CARES Act Relief.

Tax Credits and Extensions

The Employee Retention Tax Credit is a federal refundable tax credit designed to encourage employers to keep employees on their payroll.  The credit is 50% of up to $10,000 in wages paid by an employer under certain circumstances.

• IRS Employee Retention Credit
• Guide to the Employee Retention Tax Credit.

The IRS has provided tax relief for businesses through the extension of federal income taxes to July 15, the Employee Retention Credit, and tax credits for coronavirus paid leave for workers.

• Coronavirus Tax Relief for Businesses and Tax Exempt Entities

The State of Florida has extended the following:

• Due date for returns and payments for corporate income/franchise taxes according to an entity’s end of fiscal year date.  For a list of dates please see the DOR Emergency Order 20-52-DOR-003 (Corporate Income Tax).
• The annual report filing deadline for Florida business entities until June 30, 2020 per Department of State Emergency Order 2020-01. For more information, please the Division of Corporations website.
• The renewal deadline for any license, permit, registration, or certificate with an expiration in March, April, or May to June 1, 2020. Visit the DBPR COVID information website for more information.