Secretary Mnuchin has made it clear that immediate assistance is on the way. Moreover, H.R. 6047— the first Coronavirus bill— allowed $1 billion in loan subsidies to be made available to help small businesses, small agricultural cooperatives, small aquaculture producers, and nonprofit organizations which have been impacted by financial losses as a result of the coronavirus outbreak. This funding could enable the Small Business Administration to provide an estimated $7 billion in loans to these entities. In addition, it provides $20 million to administer these loans.
Virginia and Tennessee have officially received an Economic Injury Disaster Loan declaration from the U.S. Small Business Administration (SBA). Learn more by clicking the link below.
https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources
Applicants may call SBA’s Customer Service Center at (800) 659-2955, or email disastercustomerservice@sba.gov for more information on SBA disaster assistance.
https://disasterloan.sba.gov/ela/LoanApplication/StartApplication
Substantial economic injury occurs when a business concern is unable to meet its obligations as they mature, or to pay its ordinary and necessary operating expenses. The loans are not intended to replace lost sales or profits, rather they are intended to pay fixed debts, payroll, accounts payable, and other expenses that could have been paid had the [IMPACT OF COVID 19] not occurred.
This FAQs is an easy read about the most asked about part of the CARES Act. View the FAQ here.
President Trump urged Americans to avoid nonessential travel, groups of 10 or more people, and bars and restaurants. The CDC offers additional guidance here. When considering plans, please check with local leaders and health officials for guidance specific to your region.
Briefings are livestreamed here. Additionally, the Office of the Governor launched a microsite for official updates.
Click here for the Department of Housing and Urban Development (HUD) press release on immediate relief for homeowners.
H.R. 6201— the second Coronavirus bill, as passed by the House — includes a refundable payroll tax credit to reimburse—dollar-for-dollar—local businesses for paid sick leave and family and medical leave wages paid to employees that are affected by COVID-19. Click here for an explanation of who is eligible and for what amounts.
All eligible taxpayers qualify for a deferral of their tax payment until July 15, 2020 with no penalties or interest.
Any individual taxpayer who owes less than $1 million or a corporate taxpayer that owes less than $10 million.
Yes. This is not a filing deadline extension. You still need to file by April 15 unless you request an extension. Individual taxpayers who are unable to file by the April 15 deadline are eligible to request a six-month extension to file their return. For taxpayers that expect to receive a refund, you are encouraged to file as soon as possible. The sooner you file, the sooner you can receive your refund.
You can see updates HERE.
For questions about the coronavirus, call (877) ASK-VDH3 or (877) 275-8343.
Tennessee Department of Labor has published a guidance FAQ to assist employers and employees with questions related to workplace attendance, emergency unemployment insurance provisions, and other questions DOL has received in the week of yesterday’s executive order. Click HERE to view the complete document.
In response to the Coronavirus (COVID-19) outbreak, Congress and President Trump have rolled out a multiphase plan to address the impact to the country, including declaration of a National Emergency on March 13, 2020. Read the plan in its entirety HERE.
In response to guidance from State health officials and experts at the Centers for Disease Control and Prevention (CDC), all camping, cabins, group recreation sites, and restrooms in the Cherokee National Forest will be closed effective March 23 2020. The closure will remain in effect until at least May 15, at which time it will be reevaluated.
ATV Trail, all campgrounds, cabins, beaches, shooting ranges, picnic pavilions and all restrooms. Boat launches, most trailheads, and the general forest area, including trails and river corridors, will remain open to hiking, biking, boating, dispersed camping, hunting, fishing, etc. The use of trail shelters on the Appalachian Trail is discouraged.
While every effort is being made to keep this page updated as quickly as possible, closing and schedule changes are happening rapidly. Please call the location before traveling for assistance.
View this page HERE.