COVID-19 Resources for Small Businesses (Updated 25MAR2020 @12:53CST)
Managing the Covid-19 outbreak (Coronavirus) far exceeds economic considerations, however, small businesses are having to make very tough decisions to manage the economic impact. To assist, below are several resources. It goes without saying that the situation is fluid and related sources are changing rapidly. We are committed to updating this data as often as possible.
Most important, Texas employees may file for unemployment compensation. This is applicable for reduced hours, furloughed or separation arrangements. Please refer to Texas’ guidelines for unemployment compensation regarding specific details and provisions surrounding application, eligibility, and collection of benefits. To assist in applying for any eligible benefits, please reference the Texas Workforce Commission at https://twc.texas.gov/ or by calling 1.800.939.6631 or 800.628.5115 (NEW).
The Mass Claims program is now part of The Texas Workforce Commission Employer Benefits Services (EBS). To submit a new Mass Claims request, log on to Employer Benefits Services (EBS) at least five business days before the scheduled layoff. Submitting your request online is quick, easy, secure, and available 24 hours a day, seven days a week.
Employers can also log on to assign and modify users and their permissions in the Administrator feature in EBS.
Please reference the following user guides, found on EBS, for Mass Claims and the Administrator features:
As part of its Economic Injury Disaster Loan Program, the Small Business Administration is providing low-interest working capital loans of up to $2 million to small businesses and nonprofits affected by the Coronavirus in presidential and SBA-declared disaster areas. State governors must request access to the Economic Injury Disaster Loan program for businesses located in their states.
Small business owners in the following designated states are currently eligible to apply for a low-interest loan due to Coronavirus (COVID-19): Arizona, California, Colorado, Connecticut, Delaware, the District of Columbia, Florida, Georgia, Illinois, Indiana, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Montana, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee, Utah, Virginia, Washington, Wisconsin, and West Virginia. Click here to apply.
Note that the DOL is announcing that the new law goes into effect April 1, not April 2 as many believed.
There is a federal income tax filing and payment deadline extension. The federal tax return filing deadline is now July 15, 2020. For tax payments of up to $10 million, the IRS has also extended the deadline for both individuals and businesses to July 15, 2020. Estimated tax payments for 2020 originally due on April 15 will now be due on July 15.
The Texas Restaurant Association recommends the following: File your taxes today before the midnight deadline. If you are unable to make full payment, due to the impact of COVID 19, make a good faith payment and call the Enforcement Hotline (800-252-8880) right away. Explain your situation to the agency, and if you have been in good standing, they will work with you. Remember each tax due date will be examined as it approaches. We do not recommend that members fund day-to-day operations on an ongoing basis using taxes collected from customers.
For businesses that find themselves in this situation, our agency is offering assistance in the form of short-term payment agreements and, in most instances, waivers of penalties and interest. We ask that you contact our Enforcement Hotline at
800-252-8880 to learn about your options for remaining in compliance and avoiding interest and late fees on taxes due.
TABC recognizes the major impact the coronavirus pandemic is having on the alcoholic beverage industry due to mandated business closures, event cancellations and other protective measures. To help the industry during this difficult time, we're providing answers to common questions you may have. In most cases, the existing laws in the Texas Alcoholic Beverage Code and Administrative Rules will apply. But if TABC can relax an agency process, or if the Governor's Office grants a statutory exception to help businesses weather global health and economic challenges, we will reflect those changes on this page and connect you to further guidance.
States and municipalities are adding programs by the day. Check your governor’s website for up-to-date information about relief available in your area. The National Governors Association offers a list of governors’ websites.
Switching from Full Service to Take-Out
LEGAL AND INSURANCE