Below you will find a list of COVID-19 related resources for small businesses, freelancers and individuals. We will be updating this as more information becomes available. Please check back regularly for even more resources on managing money, budgeting, and running your business during this time.
If there are any resources you know of that aren’t on this list or you have any resources you’re offering, we’d love to share your work on our site! Please email us at [email protected] so we can include the information.
COVID-19 Related Tax Changes and Relief
There have been a number of unprecedented tax changes due to COVID-19 that are intended to provide relief to small businesses, freelancers and individuals.
- Tax Day is Now July 15h, 2020 – the deadline for both filing and paying has been extended.
- If you’ve already scheduled your tax payment for 2019, you can easily cancel your previously scheduled tax payments.
- Q1 2020’s estimated payment due date has been delayed to July 15th, 2020.
- 2019’s Deadline for Traditional and Roth IRA Contributions is now July 15th, 2020.
- Check the status of how your state is handling the federal tax changes here and here to ensure you’re staying compliant.
Grants and Assistance Available
We’ve compiled lists of grants, loans, and comp’d services that are available for small businesses, freelancers and individuals that are impacted by COVID-19.
- List of grants and free resources available for freelancers, small businesses, and individuals.
- List of Assistance including grants and loans, broken down by state.
Information on Bills and Loans
Two bills have been signed into law to provide relief and assistance to small businesses, freelancers, and individuals that are affected by COVID-19.
- How the Families First Coronavirus Response Act can benefit you by offering paid time off.
- The CARES Act includes stimulus checks, expanded unemployment, additional SBA loans.
- The Paycheck Protection Program is a forgivable loan to cover payroll and other qualified expenses. It’s available to freelancers and self-employed persons even without traditional payroll as your net income is considered payroll.
If you have any questions on how these COVID-19 benefits and resources apply to you or your small business, please reach out, we’d love to help!
This post is to be used for informational purposes only and does not constitute legal, business, or tax advice. Each person should consult his or her own attorney, business advisor, or tax advisor with respect to matters referenced in this post. Countless assumes no liability for actions taken in reliance upon the information contained herein.