NARI COVID-19 UPDATES

Last Updated 2/24/2021

Please note that as this information is very fluid, the information below is being updated as it comes to us. Some information may have changed since being posted below.

Changes to PPP rules to reach the smallest businesses-Focus on Lending to Small Businesses

The Biden-Harris administration is announcing several reforms to build on this success by further targeting the PPP to the smallest businesses and those that have been left behind in previous relief efforts. Specifically, the Biden-Harris administration will be:
• Instituting a 14-day period, starting Wednesday, during which only businesses with fewer than 20 employees can apply for relief through the Program.
• Helping sole proprietors, independent contractors, and self-employed individuals receive more financial support.
• Eliminating an exclusionary restriction that prevents small business owners who are delinquent on their federal student loans from obtaining relief through the Paycheck Protection Program.
• Ensuring access for non-citizen small business owners who are lawful U.S. residents by clarifying that they may use Individual Taxpayer Identification Numbers (ITINs) to apply for relief.
Read the official White House fact sheet HERE
Read the SBA Update HERE

WEDC Entrepreneurship Support Program

Program will provide $200K total to LGBTQ, minoritized, veteran and women entrepreneurs
Click HERE

SBA Releases FAQ for EIDL Targeted Advance (2/10/2021)

Applicants must receive an invitation from the SBA to apply
The SBA has released Targeted EIDL Advance Frequently Asked Questions which highlights the program and eligibility requirements. This program was commonly referred to as the “EIDL grant” before funding ran out in July 2020.
Applicants must wait until they receive an email invite from the SBA to apply for the new Targeted EIDL Advance. Businesses and nonprofit organizations in low income areas that received a previous EIDL Advance for less than $10,000 will be the first group to receive email invitations to the application portal. Click HERE

Phased Reopening Continues with Latest Dane County Public Health Order 13 (2-9-2021)

To read the full article and details of order #13, click here

SBA CLARIFIES SECOND DRAW LOAN PPP CALCULATIONS, GROSS RECEIPTS, AND DOCUMENTATION NEEDED (2/8/2021)

To read the full article, click here

SBA RELEASES PPP FORGIVENESS FORM FOR LOANS OF $150,000 OR LESS (1/25/21)

To read the full article, click here

Wegner Webinar PPP2 - What you need to know (1/15/21)

To review the webinar from 1/15/21, click here

SBA Clarifies Second Draw Loan PPP calculations, Gross receipts and Documentation needes (1/19/21)

To read the full article, click here

Employee Retention Credit and Stimulus Bill Overview by Wegner CPAs (1/12/2021)

To view and listen to the entire webinar, click here

Dane County Emergency Order #12

To read the full order, click HERE (1/12/2021)

Round 2 PPP Loans - Information from the UW-Small Business Development Center (1-11-2021)

As part of the new stimulus bill, titled the Consolidated Appropriations Act, 2021, the SBA has announced that it will re-open the Paycheck Protection Program (PPP) starting next week. The Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act provided many of the clarifications to the program.

As of Monday, January 11, community financial institutions will be able to make First Draw PPP loans (for new PPP borrowers). As of Wednesday, January 13, those same institutions will be able to make Second Draw PPP loans available. The purpose of this process is to make the funds more accessible to hardest-hit communities. After Wednesday, the PPP program will open to all participating lenders.

This round of the PPP offers a total of $284 billion toward small businesses, with the round concluding on March 31, 2021.

Key Changes for This Round of PPP Loans
Maximum Loan Amount of $2 million
• Most borrowers may receive a loan amount up to 2.5 times their average monthly payroll costs in 2019, or the 12 months before the loan application
• Borrowers in the accommodations and food services sectors (NACIS industry code of 72) can receive a loan amount of 3.5 times their average monthly payroll costs in 2019 or the12 months before the loan application

Second Draw PPP Loans
Certain existing PPP borrowers are now eligible to apply for a Second Draw PPP Loan. A borrower is generally eligible for a Second Draw PPP Loan if the borrower:
• Was in business before February 15, 2020
• Has fewer than 300 employees
• Used, or will use, prior PPP loan if previously received
• Can demonstrate at least 25% revenue decrease in gross receipts* during any quarter of 2020 (compared to the same quarter in 2019)

Expanded Use of Funds
Businesses will still need to spend at least 60% on payroll expenses, which the program specifies includes employer-provided group insurance. The 60-40 cost allocation between payroll (salary, commissions, bonuses, wages, group health/dental/vision insurance, group retirement) and non-payroll costs will continue to apply. For the self-employed, salary only applies. For the remaining 40% - in addition to mortgage/rent and utilities - funds can also be spent on:
• Operations expenditures (i.e. software and cloud computing needs)
• Property damage costs due to public disturbance
• Supplier costs for supplies ordered before the loan was received, or perishable goods ordered before or during the loan
• PPE equipment for employees purchased to comply with guidance from the Department of Health & Human Services, the Occupational Safety and Health Administration (OSHA), the Centers for Disease Control, or a state or local government

Additional Changes
• Borrowers can set their PPP loan’s covered period to be any length between 8 and 24 weeks to best meet their business needs;
• 501(c)(6)s - housing cooperatives, destination marketing organizations, etc. - are now eligible to apply for PPP funds
• The PPP provides greater flexibility for seasonal employees;
• Certain existing PPP borrowers can request to modify their First Draw PPP Loan amount

Additional Information
• Read the SBA's full Interim Final Ruling on Second Draw PPP Loans
• Read the SBA's Interim Final Rule on Paycheck Protection Program as Amended by Economic Aid Act
• PPP Guidance from SBA Administrator Carranza on Accessing Capital for Minority, Underserved, Veteran, and Women-owned Business Concerns

Preparing (for First Draw PPP Loans)
If you did not receive a PPP loan in the first round or do not have a lending relationship established, we'd recommend ensuring that your desired bank plans to work with the PPP program (not all will). Then, ask your desired lender what you may need to complete. This will likely include gathering documents such as: operating agreement/bylaws, articles of incorporation, verification of tax id, copy of drivers’ licenses for signators, etc. to establish your business in the system. Some banks may also require businesses to have a business account.
Gross receipts are defined in the Interim Final Ruling as “all revenue in whatever form received or accrued (in accordance with the entity’s accounting method) from whatever source, including from the sales of products or services, interest, dividends, rents, royalties, fees, or commissions, reduced by returns and allowances. Generally, receipts are considered “total income” (or in the case of a sole proprietorship, independent contractor, or self-employed individual “gross income”) plus “cost of goods sold,” and excludes net capital gains or losses as these terms are defined and reported on IRS tax return forms.” Read the full ruling for additional exclusions.

Dane County Emergency Order #11

Dane County Emergency Order #11 12/15/2020 - CLICK HERE

Dane County Emergency Order #10

Dane County Emergency Order #10 with amendment 11/22/2020 - CLICK HERE
Clarification of Order #10 CLICK HERE
What to do if an employees test positive 11-23-2020 CLICK HERE
Updates from Dane County Public Health employee Bonnie Koenig, CLICK HERE to watch

We're All in Grants, Phase 2

Applications open 8 am on Monday, October 19
WEDC will distribute an additional $50 million to small businesses hit hard by the COVID-19 pandemic in the second round of We’re All In Small Business Grants, which open for applications Oct. 19. The first phase of the program provided more than $65 million in grants to more than 26,000 businesses statewide this past summer. The new round aims to provide grants of $5,000 each to 10,000 additional Wisconsin small businesses.

To be eligible for the second round of We’re All In Grants, an applicant must:
• be a Wisconsin-based, for-profit business;
• in 2019, have 75% or more of company labor costs in Wisconsin and 75% of their assets in Wisconsin;
• earn more than $0 and less than $1 million in annual revenues (gross sales and receipts);
• have had 1 to 50 full-time equivalent (FTE) employees in 2019;
• have started operating prior to Jan. 1, 2020 (seasonal businesses should use the highest total FTEs employed during the season); and
• have filed their 2019 taxes.

Key Points to Know
• Have your 2019 federal tax return and NAICS ready when applying.
• You MAY apply for Phase 2 if you previously applied for Phase 1 (even if you received a grant in Phase 1)
• These grants are considered taxable income

Applications will be accepted on the Wisconsin Department of Revenue website; CLICK HERE

Slides from NARI PPP loan and CARES Act Webinar 9-30-20

To download, click here

CARES Act Made Changes to Excess Business Losses

To read the full update from SVA - click HERE

UW-SMALL BUSINESS DEVELOPMENT CENTER FREE COVID RESPONSE GUIDE

As any small business owner knows, the year became marked instead as the year that all of us experienced a global pandemic. Celebrations of many kinds were cancelled, and our world quickly began to look much different than we'd ever seen it. Like everyone, our team felt varying levels of loss over what was not to be.
NARI Member, UW-SBDC talked to countless entrepreneurs over those early months - heard your stories, helping you sort through the uncertainty and confusion of an unstable time, walking with you as you sought to understand funding opportunities, governmental programs and how to support your employees - we saw another way we could help. They wrote this guide to give your business a new foundation when the ground feels shaky.
To download the guide, click HERE
Webinar to go thru the guide, September 25, 2020, 1:00-2:00 PM, to register, click HERE

SVA - COVID-19 and Construction Firms: Proactive Strategies to Transcend the Crisis

To read the full article 8-25-2020, click HERE

Wisconsin Dept of Workforce Development Work-Share Program

Work-Share avoids layoffs, allowing workers to remain employed & employers to retain trained staff during times of reduced business activity. To find out more information, click here

Defering Payroll Taxes

On August 8, President Trump signed four executive actions, including a Presidential Memorandum to defer the employee’s portion of Social Security taxes for some people. These actions were taken in an effort to offer more relief due to the COVID-19 pandemic. click here
click HERE for more resources

Business Reopening Guide

To read the full guide 5-11-2020, click HERE
Emergency Order #36 Interim Order to Turn the Dial 5-13-2020 click HERE
Governor Evers office Announces $75M Grant Program 5-18-2020 click HERE
Forward Dane Plan 5-19-2020, click HERE
OSHA Guidance Plan for Workplaces click here
Re-Open Wisconsin info from the SBDC 4-21-2020, click here
WEDC Construction Guidelines 5-7-2020 click here
Dane County Phase 2 Reopening Update, to read Order #5 from Public Health Madison & Dane County 6-15-2020 click here
Dane County Phase 2 - Order #6 Update 6-25-2020 click here
Dane County Phase 2 - Order #7 Update 7-2-2020 click here
Dane County Phase 2 - Order #8 Update 7-10-2020 click here
ABC Mask Order and Contractors 7-13-2020 click here
Guidance for Worksers 7-13-2020 click here
If an employee tests positive 7-13-2020 click here

IRS Publishes Guidance on Reporting COVID Medical and Sick Leave Wages 7-31-2020 click here

Dane County Small Business Pandemic Support Grant Program

To read about the full program and get the application 5-12-2020 CLICK HERE

NARI Letter to City of Madison, and the Governors' office

To read our letter to the City regarding inspections and permits, click here
Updates from the Building Inspection team at the City of Madison 5-21-2020, click HERE

Badger Bounce Back - Emergency Order #31

To Read the full order 4-21-2020, CLICK HERE

Customizable Safety Flyer

To use this customizable flyer for your workplace 4-16-2020, click HERE

David Lupberger Webinar - Pandemic Survival Guide for Remodelers

To view the entire presentation 4-20-2020, click here

NARI Milwaukee General Business Resources for NARI Members

To read the full newsletter 4-16-2020, click HERE
Pro Remodeler Article click HERE

Options for the Self Employed

If you are an LLC, S-Corp, Ind Contractor, Sole proprietor and do not have employees there are options for reimbursements To find out your options, click here 4-9-2020
US Dept of Labor click here
Wis. Dept of Workforce Development click here
SBA Lenders click here
EIDL Application click here
Wisconsin SBDC Website click here

SAFER FROM HOME ORDER

To read the full order 3-24-2020, click here
CISA Update for Landscapers, click HERE
Landscaper Updates on the Safer at Home Order, click here
Emergency Order 22 on electronic plan submission 4-10-2020 click here
What does the extention of the safer at home order mean to the remodeling induatry 4-20-2020 CLICK HERE

CARES ACT

For an initial outline, click HERE
For the CARES Act Paycheck Protection Program
-Updates from vonbriesen & Roperclick HERE
-Info from the US Treasury Department click HERE
-Q&A on the Paycheck Protection Program click HERE
-Paycheck Protection Program Application click HERE
-PPP Borrower Information Fact Sheet click here
For Business Tax Benefits, click HERE
For Individual Tax Benefits, click HERE
UW-Small Business Development Center CARES Act Update click HERE
IRS Employee Retention Credit for more information click HERE

CARES ACT LOAN UPDATES

NARI National SBA LOAN Presentation 4-9-2020 click here
-To listen to the full presentation 4-13-2020 click here
SBA Loan Information 4-9-2020 click here
PPP Loan Approved, Now What? 4-14-2020 click HERE
Beware of SBA Loan Scams 4-16-2020 click HERE
PPP Info Sheet 4-21-2020 click here
PPP Info Sheet - US Chamber 4-21-2020 click here
SBA Guidance on the Necessity Certification 5-13-2020 click here
PPP Compliance Considerations for Federal Funding Novices 5-26-2020 click here
PPP Loan Payback and Forgiveness tips from SVA 5-27-20 click here
PPP Loan Forgiveness Application 6-4-20 click here
Key takeaways from PPP Flexibity act. 6-5-2020 click here
Paycheck Protection Program Flexibility Act 6-5-2020, to read the full Act, click here

HR and Staffing Updates

Protecting Employee Free Choice 4-16-2020 click here
Understanding Changes in Unemployment with COVID-19 4-16-2020 click HERE
Distinctions between layoffs and furloughs 4-21-2020 CLICK HERE

SVA Accounting and Tax Updates

Updates from SVA and information webinars click HERE 4-8-2020
UNDERSTANDING MODIFIED RULES FOR NOLS AND AMT UNDER THE CARES ACT 4-16-2020 click HERE

Economic Injury Disaster Loan (EIDL) Program

NAHB hosted a webinar that details information on all programs/loan options for business owners. To read the full notes click here

City of Madison Building Inspection

Update from the City of Madison on Building Inspections click here
MABA Information on Permits for Remodeling click here

Dane County Small Business Loans

For more information or to apply click here

Operational Guidelines for Covid-19

Landscape Professionals Operational Guidelines 4-13-20 CLICK HERE

Family First Corona Response Act

To read about this act, click here

DWD Unemployment Updates

For more information on Unemployment click here

General COVID-19 Legal Updates - Including Labor, Business and Tax Info

For more information from vonBriesen & Roper, click here
Commercial and Business Litigation Stemming from COVID-19 4-16-2020 click here

General Accounting and Tax COVID-19 Updates

For more information from Wegner CPAs click HERE

General COVID-19 DHS Updates

For more information, click HERE
Covid-19 Updates 4-13-2020 click here

Slides from March 26 & 27 Webinar with vonBriesen

To read about the specific update for our members, click here

DSPS UPDATE

DSPS has an update on department building inspections.
click here to read their statement.
Emergency Order 22 on electronic plan submission 4-10-2020 click here

US SMALL BUSINESS LOAN ASSISTANCE PROGROM

To find out more information, please click HERE
Ecomonic Injury Forgiveness/Advance click HERE

WEDC GRANTS TO SMALL BUSINESSES

To find out more information on this program, click HERE

CORONAVIRUS PLANNING IN YOUR REMODELING BUSINESS

To read the full article from Remodelers Advantage, click HERE

NARI NATIONAL UPDATES FOR MEMBERS

To view all the info from NARI National, Click HERE
Small Business Legal Council Webinar Recap CLICK HERE
-USER: COVID19 Password: Sars-cov-2
The economy in the days of COVID-19 (Webinar notes from April 1, 2020) click here