Category: Uncategorized

We are excited to be offering a workshop in partnership with Cause Effective titled Fundraising Under COVID—The New Reality on Wednesday, May 13 from 10:30am-12pm. This workshop is intended for executive directors and development staff. We invite you to attend or send a staff member to take advantage of this training on how to pivot your fundraising strategy during COVID-19. Continue reading for the workshop description and click here to RSVP.

In response to the COVID-19 pandemic and its impact on DYCD funded groups, Fiscal Management Associates, LLC (FMA) is offering free financial management webinars and coaching on financial rapid response, scenario planning, virtual finance office, and managing through a financial crisis. Continue reading for upcoming dates and links to register for sessions.

To help small businesses deal with the impact of COVID-19, the City has launched the Employee Retention Grant Program to help retain employees as businesses face decreased revenue. This program is available to New York City businesses with one to four employees that can demonstrate at least a 25% decrease in revenue as a result of COVID-19. Eligible businesses will receive a grant covering up to 40% of their payroll for two months. Businesses can access up to $27,000. The deadline to apply is this Friday, April 3, 2020 at 5pm. For more information: https://www1.nyc.gov/nycbusiness/article/nyc-employee-retention-grant-program

The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities. The Paycheck Protection Program will be available through June 30, 2020. For more information: https://www.sba.gov/funding-programs/loans/paycheck-protection-program-ppp

The IRS posted today Filing and Payment Deadline Questions and Answers. These Q&As address the federal filing and payment extension to July 15 due to the COVID-19 (coronavirus) outbreak, information on the additional extension to Oct. 15, first quarter estimated tax payments, and IRAs and HSAs.

There is also a new IRS.gov page that provides updates on mission-critical functions of the IRS. This page provides an overview of changes related to IRS operations and guidance for taxpayers during this period.

The IRS will also be providing regular updates on their special coronavirus page at  IRS.gov/coronavirus.

Andrew Saul, Commissioner of Social Security, reminds the public that Social Security and Supplemental Security Income (SSI) benefit payments will continue to be paid on time during the COVID-19 pandemic.  The agency also reminds everyone to be aware of scammers who try to take advantage of the pandemic to trick people into providing personal information or payment via retail gift cards, wire transfers, internet currency, or by mailing cash, to maintain Social Security benefit payments or receive economic impact payments from the Department of the Treasury.

The Federal Trade Commission (FTC) has launched a page on Coronavirus scams. Click here for information on how to avoid Coronavirus scams, what the FTC is doing, and what actions are being taken law enforcement. Resources are available in Korean, Tagalog, Simplified Chinese, Traditional Chinese, and Vietnamese.