COVID-19

COVID-19 Resources for Businesses and Employers | Dalby Wendland & Co. | CPAS & Business Advisors | Grand Junction CO | Glenwood Springs CO | Montrose CO We understand there is a lot of information from various national, state, and local agencies being circulated. DWC wishes to help our clients and communities find valid information to help during the COVID-19 pandemic. We’ve gathered important COVID-19 business and employer resources to help you stay abreast of issues and directly access the most reliable sources. We will keep this page updated as changes occur.

*Some of these sites are experiencing slowness and errors due to high levels of traffic. You may have better access during non-business hours.

DISASTER LOAN ASSISTANCE

Check with your banking relationship first. Many banks are ready and able to help businesses and individuals with short and long-term lending needs. Your bank may provide the quickest and most efficient way to attain a loan as others, such as the Small Business Administration, may be inundated with applications at this time, thus the process may take longer.

Small Business Administration (SBA) Funding for Small and Medium-Sized Businesses. The SBA has expanded its funding programs for the coronavirus pandemic. There are two programs available to help businesses with disaster relief – the revised Economic Injury Disaster Loan and Loan Advance (EIDL) and new Paycheck Protection Program (PPP). Both programs can be used, however they are not intended for the same purpose. Additional conditions and amendments may apply.

SBA has finalized the requirements of the PPP. We’ve updated the below information to reflect final SBA guidance.

We are ready and available to help our clients provide accurate information for efficient processing of your PPP loan application through your bank. Contact your DWC representative if you are applying for the PPP.

SBA is also providing assistance for those who already have an SBA loan and business relationship with an SBA Express Lender. You should contact your SBA lender for more information on these programs.

  • Enhanced Debt Relief assistance. If you already had an SBA loan in place prior to the Coronavirus pandemic, SBA is providing Enhanced Debt Relief assistance. The SBA will pay the principal and interest of current 7(a) loans for a period of six months.
  • SBA Express Bridge Loan. This program is for those who currently have a business relationship with an SBA Express Lender and need up to $25,000 with less paperwork, or are waiting on EIDL loan approval.

TAX DEADLINES AND PAYMENT EXTENSIONS

The Treasury Department, IRS, Colorado and other states issued guidance on both tax filing and payment relief. Here are the summaries.

Local governments are also approving emergency relief ordinances. Here is what has been posted thus far.

Mesa County

  • City of Grand Junction Emergency Ordinance #4912 provides emergency refund of taxes collected in February 2020, which were paid to the City in March 2020. The deferment needs to be paid back to the City on or before July 31, 2020.Between now and April 20th, you can request a temporary refund of taxes already paid in March HERE. Access the site for full details HERE.

Montrose County

  • Property Tax Payments. The Montrose County Treasurer’s Office will not collect additional fees or interest for the 2019 property taxes due April 30, 2020. This waiver does not extend to accounts where the taxes are being remitted by a mortgage company through a taxpayers escrow account or by a title company as part of a real estate closing. Full details HERE.
  • City of Montrose. The Montrose City Council has approved three specific initiatives (sales tax deferral, small business emergency loan fund, cooperative marketing grants)  to aid small businesses that have been forced to close or have suffered substantial economic hardship as a result of COVID-19.

Pitkin County

  • Propery Taxes. Beginning March 21, 2020 until April 20, 2020, the Pitkin County Treasurer’s Office, will waive interest due and payable as set forth in C.R.S. 39‐10‐104.5 on all delinquent 1st half property tax payments (originally due March 2, 2020). The second half property tax payment will be due and payable June 15, 2020.  Full details HERE.

FEDERAL AND STATE RELIEF PROVISIONS

FEDERAL

  • Families First Coronavirus Response Act – This link includes information about common issues employers and employees face when responding to COVID-19, and its effects on wages and hours worked under the Fair Labor Standards Act (FLSA), job-protected leave under the Family and Medical Leave Act (FMLA), and paid sick leave and expanded family and medical leave under the Families First Coronavirus Response Act (FFCRA). Additionally, it provides the Employee Rights Posters (and Poster FAQs) employers are required to display/provide to employees.
  • Coronavirus Aid, Relief, and Economic Security (CARES) ActSigned into law on 03/27/2020, CARES provides loan forgiveness, small business support, unemployment insurance enhancements, and federal loans to industries severely impacted by the pandemic. In addition, it provides tax relief and tax incentives for individuals and businesses alike. The majority of the tax relief is designed to increase liquidity in the economy, largely through the relaxation of limitations on business deductions and the deferral of taxes, but also with the introduction of recovery rebates for individuals.
    • HERE are the provisions for Individuals
    • HERE are the provisions for Businesses

STATE OF COLORADO

  • COLORADO DEPARTMENT OF LABOR & EMPLOYMENT (CDLE) – The State has adopted temporary emergency rules for unemployment requirements. This site provides a variety of resources for workers and employers who are impacted by the Coronavirus. Here is some helpful information for those seeking unemployment or employers with questions from employees:
    • For Employers
    • For Employees
      • Employees whose employers are closed or working fewer hours click HERE for information on unemployment benefits and how to file an unemployment claim.
      • HERE are some common FAQs on qualifying for unemployment
  • STATE OF COLORADO BUSINESS RESOURCE CENTER – This site provides state and federal COVID-19 announcements, programs, and information relevant to Colorado businesses.
  • COLORADO COVID RELIEF FUND – this program is for eligible community-based organizations across Colorado to receive a general operating grant of up to $25,000. Eligible organizations include, nonprofit organizations, local government, school districts and small businesses who are serving areas of the state with limited nonprofit capacity; and/or serving a community need resulting from the COVID-19 crisis. This fund is NOT for businesses of any type seeking support related to operational needs, such as business interruption or closure, or employee-related issues such as payroll or paid leave.
  • MARCH 24th – COVID-19 RECORDED SEMINAR FOR BUSINESSES AND EMPLOYERS – You may want to check out this COVID-19 seminar hosted by Autopaychecks and Employment Law Attorney Michael Santo. The seminar provided good information and clarification for employers on employee and HR directives. Watch the recorded seminar HERE and download the accompanying handout HERE.
  • APRIL 9TH – UPDATED COVID-19 SEMINAR FOR BUSINESSES AND EMPLOYERSEmployment Law Attorney Michael Santo provides updates and guidance since his March 24th seminar posted above. Watch the recorded seminar HERE and download the accompanying handout HERE.

WE ARE HERE FOR YOU

Our Firm is honoring Colorado’s stay at home order and our professionals are working remotely to help you. Please reach out to your DWC professional for questions. Our professionals are prepared to collaborate and work with you via phone, email, or video conferencing using our Zoom platform.

Additionally, we have secure and free ways for you to provide us needed tax or other documentation to work on your engagement. Along with mailing options, you may access our secure file transfer service (LeapFile) or upload the information to your DWC Client Portal (login credentials required for the Portal). If you do not have a Client Portal set up, contact your DWC representative for access. Please do not send confidential and personal information via email.

If you are not able to provide documents electronically to us per the above options, please call us and we will find the best way to exchange needed information. For Glenwood Springs and Grand Junction clients, we have a convenient and secure “drop box” located just outside the front doors of the building.