April 2020
In this email:
- Free Webinar with Vartan Djihanian from the U.S. Chamber of Commerce
- Small Business Beneifts Through CARES Act
- SBA Emergency Disaster Loans
- Emergency Sick Leave & Expanded FMLA Changes Through H.R. 6201
- Simi Valley Coronavirus Tele-town hall with Assemblywoman Smith & Senator Stern
- IRS and FTB Tax Filing Deadline Extended
- City of Simi Valley Eviction Moratorium
- Sexual Harassment Prevention Training Available
- 2020 Census
- COVID-19 Additional Resources
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New Federal Relief Options Available for Small Business: Free Webinar on Thursday, April 2
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Please join us for a free webinar presented by Vartan Djihanian, Western Regional Manager for the U.S. Chamber to learn more about the federal legislation that has been signed into law to help your small business during this COVID-19 Pandemic.
Thursday, April 2nd
12:00 PM - 1:00 PM
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CARES Act Provides Economic Relief, Benefits for Small Businesses and Individuals
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The Coronavirus Aid, Relief, and Economic Security (CARES) Act passed through Congress and signed into law by President Trump grants small businesses needed relief in response to the COVID-19 pandemic.
Highlights of the bill include:
Small Business Relief:
$350 billion from this bill is being dedicated to preventing layoffs and business closures while workers have to stay home during the outbreak. Companies with 500 employees or fewer that maintain their payroll during coronavirus can receive up to 8 weeks of cash flow assistance. If employers maintain payroll, the portion of the loans used for covered payroll costs, interest on mortgage obligations, rent, and utilities would be forgiven.
Payroll Taxes:
The measure allows employers to delay the payment of their portion of 2020 payroll taxes through the end of 2020, and allows employers to delay the payment of 50% of their portion of payroll taxes through 2021, with repayment beginning in 2022.
Direct Payments:
Americans who pay taxes will receive a one-time direct deposit of up to $1,200, and married couples will receive $2,400, plus an additional $500 per child 17 and under. The payments are available for incomes up to $75,000 for individuals and $150,000 for married couples.
Unemployment Insurance:
Workers will be given an additional $600 per week for four months, on top of what state programs pay. Unemployment Insurance benefits will be extended through December 31st for eligible workers, and applies to the self-employed, independent contractors and gig economy workers.
For more information, view the full bill
here
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It's full of valuable information to help you!
The Coronavirus Emergency Loans Small Business Guide and Checklist has been created by the U.S. Chamber of Commerce to walk you through the benefits and loans available for you.
Click here to download the guide.
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Small Businesses Under 500 Employees Eligible For SBA Emergency Disaster Loans
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The U.S. Small Business Administration (SBA) is offering low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of COVID-19.
The SBA Economic Injury Disaster Loans offer up to $2 million in assistance and can be used to pay fixed debts, payroll, accounts payable and other bills that can't be paid because of the disaster's impact. The interest rate is 3.75% for small businesses (2.75% for non-profits) and borrowers are granted an automatic one year deferral on re-payment of the loan.
For more information on the SBA Coronavirus (COVID-19) Disaster Assistance Response,
click here
.
In addition, small business owners are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000. This advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available within three days of a successful application, and this loan advance will not have to be repaid. Apply for the loan advance
here
.
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Emergency Sick Leave and Expanded FMLA Granted Through Families First Coronavirus Response Act (HR 6201)
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The Families First Coronavirus Response Act (H.R. 6201) was signed into law and goes into effect on Wednesday, April 1, 2020. The act applies to certain public employers, and private employers with less than 500 employees.
The act requires certain employers to provide their employees with paid sick leave or expanded family and medial leave for specified reasons related to COVID-19. These provisions will apply through December 31, 2020.
Paid Sick Leave
Covered employers must provide to all employees:
- Two weeks (up to 80 hours) of paid sick leave at the employee’s regular rate of pay where the employee is unable to work because the employee is quarantined (pursuant to Federal, State, or local government order or advice of a health care provider), and/or experiencing COVID-19 symptoms and seeking a medical diagnosis; or
- Two weeks (up to 80 hours) of paid sick leave at two-thirds the employee’s regular rate of pay because the employee is unable to work because of a bona fide need to care for an individual subject to quarantine (pursuant to Federal, State, or local government order or advice of a health care provider), or care for a child (under 18 years of age) whose school or child care provider is closed or unavailable for reasons related to COVID-19, and/or the employee is experiencing a substantially similar condition as specified by the Secretary of Health and Human Services, in consultation with the Secretaries of the Treasury and Labor.
Family and Medical Leave
A covered employer must provide employees who have been employed for at least 30 days with:
- Up to an additional 10 weeks of paid expanded family and medical leave at two-thirds the employee’s regular rate of pay where an employee is unable to work due to a bona fide need for leave to care for a child whose school or child care provider is closed or unavailable for reasons related to COVID-19.
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Simi Valley Coronavirus Tele-town hall with Assemblywoman Smith & Senator Stern
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Join Senator Henry Stern and Assemblywoman Christy Smith for a Simi Valley COVID-19 Tele-town hall. The Senator and Assemblywoman will be joined by:
- Mike Powers, CEO of Ventura County
- Rigoberto Vargas, Director of Ventura County Public Health
- Jennifer Swenson, President of Adventist Health Simi Valley
Wednesday, April 1st | 5:00 PM
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Federal and State Income Tax Filing Deadline Extended Through July 15, 2020
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The state and federal governments have both changed their filing deadlines for personal and business income tax. The IRS has announced that tax filings and payments are due by July 15, 2020. The California Franchise Tax Board announced that California State Income Tax is due on July 15, 2020.
Click here
to view the California Franchise Tax Board Announcement
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City of Simi Valley Issues Eviction Moratorium for Commercial Tenants Through May 31, 2020
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Governor Newsom issued Executive Order N-28-20 on March 17, 2020, which allowed local governments to impose a moratorium on tenant evictions due to non-payments until May 31, 2020, unless extended.
In response, the City of Simi Valley issued a temporary moratorium on eviction for non-payment of rent by residential or commercial tenants impacted by the COVID-19 crisis. During the period of local emergency declared in response to the COVID-19 pandemic, no landlord shall endeavor to evict a tenant for nonpayment if the tenant demonstrates that the tenant is unable to pay rent due to financial impacts related to COVID-19.
This order shall be in effect until May 31, 2020. If the Governor extends Executive Order N-28-20, this Order will continue automatically beyond May 31, 2020 to the date of the Governor's extension.
To read the full order from the City of Simi Valley,
click here
.
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Sexual Harassment Prevention Training Must Be Provided by December 31, 2020
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California employers must provide sexual harassment prevention training to their employees by the end of 2020. This law requires all employees -- supervisory and nonsupervisory -- to be trained by January 1, 2021. Supervisory employees must be trained each year, and nonsupervisory employees must be trained every other year.
The Simi Valley Chamber of Commerce, in partnership with CalChamber, is making it easy to get ahead of the game and provide training to employees at a discount! To assist with this requirement, the Chamber is offering discounted online sexual harassment prevention training courses to employees. This is an individual, self-paced training (offered in English and Spanish) to complete when it best fits an employee's schedule.
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This online training is a convenient and simple way to ensure that your business is in compliance and avoids fines. Train through this Chamber program to save 20%.
Supervisor Retail Rate: $43.99
Simi Valley Chamber Discount Rate: $35.19
Non Supervisor Retail Rate: $25.99
Simi Valley Chamber Discount Rate: $20.79
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Make Sure You're Counted! The 2020 Census Count Has Begun
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National Census Day is on Wednesday, April 1, 2020. The national census occurs once every ten years and it is your right as a resident in the country to be counted!
Invitations to complete the 2020 Census have been sent to your mailbox. There are three ways to fill out the census: online, by phone, or via mail.
Every person left uncounted in the 2020 Census will be a loss of $2,000 in social safety services each year for 10 years. If 1,000 children between the ages of 1-5 are not counted in Simi Valley, that would be a loss of $20M over the next ten years. Ventura County has been determined to be one of the counties most at-risk for an under count, and we need your help and participation! The Census also determines the re-districting of legislative boundaries in the U.S. Congress.
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For up-to-date statistics and updates on COVID-19 in Ventura County, follow
VC Emergency
.
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Simi Valley Chamber of Commerce | 805-526-3900 | samantha@simichamber.org | simichamber.org
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