ACMA Summary of COVID-19 Resources for Businesses

Bach Tran COVID-19 Resources

Last Updated: Friday, April 3, 2020

ACMA is committed to providing our members the most up to date information regarding the COVID-19 outbreak.  Below, we have included links to various legislative and industry resources that may be helpful to you and your business during this time. This page will be updated regularly as new information becomes available.

These are programs provided by the federal government in response to the COVID-19 epidemic. Please contact John Schweitzer if you have information that could be included in this document. ACMA makes no express or implied endorsement of law firms or other organizations providing linked material.

ACMA’s COVID-19 Ongoing Webinar Series

Take a closer look at federal stimulus legislation with ACMA’s recent webinar COVID-19 – A Closer Look at Federal Legislation and Economic Stimulus. This webinar is available at no charge on the ACMA Education Hub.

ACMA’s Policy Spotlight | COVID-19 Updates

ACMA’s Policy Spotlight e-newsletter is your source for the latest industry COVID-19 updates. View the latest here:

Small Business Administration Relief Programs – Now Available

Small businesses affected by the coronavirus outbreak may be eligible to apply for the Paycheck Protection Program and other low-interest disaster loans.

Economic Impact Payments and Tax Relief

The US Treasury is giving direct relief to Americans and companies. The distribution of Economic Impact Payments will begin in the next three weeks and will be distributed automatically. New tax credits exist to keep your company viable.

Key CARES Act provisions

Congress has passed a $2 trillion economic package called the CARES Act, designed to keep businesses afloat and Americans employed. Guidance on how to fully access these provisions will be forthcoming from federal agencies – continue to monitor this page to stay up to date. Learn more about key aspects of the bill now:

Export-Import Bank of the United States (EXIM) – measures for small businesses

EXIM is offering waivers, deadline extensions, streamlined processing, and flexibility for customers of several of its programs.

Commerce Department Commercial Service and Manufacturing Extension Partnership

The Department of Commerce has a network of centers working with state and local partners that help small and medium-sized businesses reduce costs, fill supply chain gaps, find new buyers, and more through the Commercial Service and Manufacturing Extension Partnership

Paid sick time and family medical leave under the Families First Coronavirus Response Act (signed by President Trump on March 18)

Employers with fewer than 500 employees will be required to provide paid family leave and sick leave to certain employees and will receive a quarterly credit against the employer portion of Social Security taxes for amounts paid.

ACMA’s Summary of Families First Coronavirus Response Act

A breakdown of key components of the bill (from that may be of interest to you as you make decisions for your business during this time.

Tax payment deadline delayed

The Department of the Treasury has delayed Tax Day until July 15th, giving small business owners more time to pay their taxes without incurring interest or other penalties. Taxpayers are not required to file any documentation to take advantage of this delay.

Enhanced availability of unemployment benefits

The Department of Labor issued guidance to allow States the flexibility to pay unemployment benefits when an employer temporarily ceases operations due to the coronavirus outbreak.