Preparing for what’s happening now and what’s coming in 2021

With a year of COVID-19 now under our belts, a new Commander-in-Chief in the White House (one who says he plans to be “the strongest labor president you have ever had”), and a new party in the Congress majority, it won’t take a crystal ball to foretell that there will be a lot of law changes for your business to navigate in the near future.

Here are several resources to educate you further on new and upcoming legislation:

The American Rescue Plan Act of 2021 (ARPA)

Find out what employers need to know about the the ARPA, which was signed into law on March 11, 2021.

2021 Employment Law Update: Navigating Familiar Legal Issues in an Unfamiliar Time

G&A Partners invited labor and employment attorney Alexis Knapp from Littler law firm in Houston to give employers a fresh look at new legislation and what to expect within the next six months to a year.

How the CARES Act can help

The $2.2 trillion relief package known as the Coronavirus Aid, Relief, and Economic Security (CARES) Act is the largest aid package of its kind in U.S. history. The president signed the bill into law on March 27 in the hopes of getting much-needed aid into the hands of employers who’d been forced to shutter their businesses for the safety of their communities. The CARES Act also allocates funds for the millions of newly unemployed Americans who have little hope of finding another job in time to support themselves and their families during this worldwide crisis.

The CARES Act provides funding for the strained health care systems, extends unemployment for laid-off workers—including gig workers and self-employed individuals—raising the maximum benefit by $600 per week, and it provides easy-to-access loans for businesses of all types. It even offers small-business employers the opportunity to hire back the employees they were forced to lay off because of a significant decline in their business caused by the novel-coronavirus pandemic. For those employers, if their laid-off employees are hired back by June 30, it will be as if the layoff never happened—they could potentially have their loan converted into a tax-free grant.

Here are several resources to educate you further on your options under the CARES Act so you can make an informed decision on how best to proceed.

Resources & Links

PPP Loan Forgiveness: What You Need to Know

G&A Partners invited tax expert Rolando Garcia, JD, CPA, from Doeren Mayhew’s Tax Group, to shed light on some of the more pertinent questions small-business owners in the U.S. might have regarding new legislative relief funding.

Bill is Added to Ease Paycheck Protection Program Requirements

President Donald Trump has signed into law a bill that gives employers more flexibility when using Paycheck Protection Program (PPP) funds and applying for loan forgiveness.

SBA Releases PPP Loan Forgiveness Application Along With Important Guidelines For Borrowers

On Friday, May 15, the SBA released its Paycheck Protection Program (PPP) Loan Forgiveness Application, which offers significant guidance on how to convert your PPP loan into a tax-free grant.

President passes CARES Act

Largest relief package in U.S. history provides aid for employers, workers and the unemployed.



A sample small business explores its options for loans and financial aid under the CARES Act.

Small business loan resources

SBA offers comprehensive tools and guidance for small businesses navigating COVID-19 options.

SBA debt relief funding options

The SBA outlines available funding options in this Coronavirus Relief Options guide.

DOL unemployment guidance

Find out if you are eligible for temporary expanded unemployment insurance payments under the CARES Act.

Qualifying for loan forgiveness

Employers must spend three-quarters of their paycheck protection loans on payroll costs if they hope to convert the loans into tax-free grants.

Secure quick cash from CARES

The CARES Act provides significant opportunities for small businesses to get the financial aid they need to recuperate from the pandemic much faster. Whether you qualify for loan forgiveness or need a low-interest loan to keep the lights on and tide you over until you discover whether you qualify for a much larger loan, we have gathered valuable resources here to guide you on your journey.

Use the links below to find out:

  • What resources are available to you
  • Whether you might qualify for the loan or aid you are interested in
  • How to prepare for the loan or grant
  • How to apply for the loan or grant

Once you’ve explored your options, consult your G&A Client Advocate, HR Advisor, lender or tax professional with further questions or for assistance gathering the documents and information you will need to apply.

Resources & Links

Are you eligible for CARES?

Find out at a glance whether you are eligible for one of the three CARES Act loans or a deferral of Social Security taxes.

Speed up the loan process shares four ways to prepare for government loans and speed up the process.

Employee retention credit

Find out whether you qualify for this immediate tax credit by reviewing this comprehensive overview of the ERC.

How the Paycheck Protection Program was designed to help

Small businesses lucky enough to qualify for the PPP loan can use the loan to keep their workforce employed.

SBA Express Bridge loan guide

Everything you need to know about the Express Bridge Loan and its terms and conditions.

Do you qualify for an Express Bridge Loan?

Already working with an SBA Express Lender? You might be able to access up to $25,000 quickly.

Additional options for financial aid

While the CARES Act will provide much-needed stimulus money to our shaky economy, the amount available for borrowers is finite and, in most cases, has already been loaned out. Not everyone could be approved for the funds. The good news is that you have other options to consider.

Use the resources on this page to learn about nonprofit financial aid assistance, payroll tax credits you can file for and receive early, state and local grants, Small Business Administration debt relief, and non-federal relief programs. It’s important to explore every option available before settling on a single course of action.

Resources & Links

Disaster Loan Assistance

Federal Disaster Loans for Businesses, Private Nonprofits, Homeowners, and Renters

Tips for Reopening and Remaining Funded

Before you bring employees back (or as soon as you read this overview if they are already back) Brian Nugent, a partner at Akerman law firm, says you need to do two important things.

Emergency financial resources

Government loans and grants are limited. Look here to find out what other grants and funding may be available.

Payroll tax credits

Find out whether you’re eligible to receive tax credits under the CARES Act or Families First Coronavirus Response Act.

Loan and tax-credit options

Ackerman law firm explains the interplay between various loans and tax incentives under the CARES Act and Families First Coronavirus Response Act.

SBA debt relief

The SBA is providing "a financial reprieve" to small businesses.

Coronavirus Relief Funds

Candid has compiled a list of funds established in the wake of the coronavirus.

Small business loan and grant program listings

Forbes offers a list of federal, state, and lender-specific support small businesses can explore for financial assistance.

How CARES Act affects states

The National Conference of State Legislatures has put together a summary of provisions impacting states.

How to find relief

With all of the options for tax incentives and special loans available through the FFCRA and CARES Act, it can be hard to decide which is right for you.

How to Handle a Cash-Flow Crisis Without Taking Out a High-Interest Loan

It is inevitable that your company will hit a financial speed bump at some point, but how you handle the crisis is critical to your survival.

Coronavirus Relief Options

Here are multiple funding options for those seeking relief.

Coronavirus Recovery Information

The SBA is providing materials in English and other languages to help business owners recover

Disaster Loan Assistance

Federal Disaster Loans for Businesses, Private Nonprofits, Homeowners, and Renters

Paycheck Protection Program

An SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis

(FORBES) Small Business Relief: COVID-19 Resources For Startups

If you’re in need of help, this ever-growing list of resources may benefit your business.

Special offers to help your business through COVID-19

We know that COVID-19 has introduced new challenges for businesses. Here are some helpful tools and offers to help you and your business adjust to these changes.

Small business survival kit

At G&A, we understand that you’ve invested heavily in your business’s success. Every day that passes during this pandemic brings with it uncertainty, and some level of anxiety about what should be done next to ensure survival.

While you explore available financial aid options, there are other actions you can take to reduce the stress on your bottom line. We’ve compiled resources here that can help you get back on your feet sooner. Learn how to negotiate with creditors and manage debt, cut unnecessary expenses, and what insurances can and cannot assist you right now.

Use this opportunity to explore all your options and then take action to minimize the financial impact COVID-19 has on your business.

Resources & Links

Dealing with debt

Tips to help ease the impact of debt post-pandemic.

How to owe the ‘right amount’ of debt

Taking on the right amount of debt at the right time can determine whether your business succeeds or fails.

Does insurance cover your business?

Find out how insurance can and cannot mitigate losses due to COVID-19.

The role insurance could play in your recovery

The National Law Review takes a deep dive into the role insurance could play in providing coverage for business interruption losses.

3 things you can do to help your business survive an economic downturn

How do you survive and thrive?

How to Use Microlending to Fund Your Business

Microlending is a possible alternative for small businesses seeking alternative forms of investment. This article by covers how you can expand your business with some extra cash.

How to Manage Salaries During Covid-19

Five strategies to make decisions that are in the best interests of your employees and your business

Coronavirus (COVID-19): Small Business Guidance & Loan Resources

Health and government officials are working together to maintain the safety, security, and health of the American people. Small businesses are encouraged to do their part to keep their employees, customers, and themselves healthy.

Helping your business through COVID-19

Google has put together some useful resources to help your business navigate these challenging times.

Office of Small Business Programs: COVID-19 Small Business Resources

The Department’s latest updates on COVID-19 are available here.

Houston Business Resources and News

The SBA Houston Office has resources and programs tailored for local business owners.

Prepare your Small Businesses

During an infectious disease outbreak, such as the current outbreak of COVID-19, small business owners must prepare for disruption in their business as well as prepare to protect their employees’ health and safety in the workplace.

FAQs for Businesses

The following FAQs build on the Interim Guidance for Businesses and Employers and Guidance for Critical Infrastructure Workers.

Supporting Small Businesses

President Trump is helping small businesses bridge this economic emergency by giving them the funds they need to keep their employees on their payroll and stay in business.

Supporting Businesses & Workplaces

How to plan, prepare and respond.

U.S. Chamber’s Coronavirus Small Business Survival Guide

The coronavirus is causing financial difficulties for businesses across the U.S. Here is a complete listing of all of our coronavirus resources for small businesses.

U.S. Department of the Treasury’s Assistance for Small Businesses

The Paycheck Protection Program is providing small businesses with the resources they need to maintain their payroll, hire back employees who may have been laid off, and cover applicable overhead.

Kauffman Foundation’s Guide to Helping Small Businesses Navigate and Recover from the COVID-19 Crisis

The Small Business Association (SBA) is the first stop for entrepreneurs seeking relief – plus other options for those who don’t qualify.