The Paycheck Protection Program (PPP) offers up to $10 million for businesses with employees and up to $20,833 for self-employed and individuals on a 1099.
Choose your business type for tailored guidance.
Businesses with Payroll
Self-Employed & 1099 – Independent Contractors
- Step-by-Step Guide – Self-Employed
- Calculate Your Eligibility – And see how much PPP you can get
- Getting PPP Twice – How long to wait between First and Second Draw
- PPP & Unemployment – How you can get them both
Partnerships (K-1 1065)
General PPP Guidance
- Where to apply for PPP
- Covid-Relief and Taxes
- Changes to PPP – 03/03/2021
- Overview of the PPP Program
- Are you stuck? We can help!
UPDATES
3/3/2021: Changes to PPP (Schedule C filers can use gross income instead of net and expanded eligibility).
3/11/2021: Deadline for applications extended until 5/31/2021 (instead of 3/31).
All our PPP Articles
EIDL Loan – Up to $2 Million
EIDL offers up to $2 Million low-interest loan to eligible businesses.
New York State Small Business Recovery Grant Program – Up to $50K
Covid-19 grant between $5k – $50k for eligible small businesses in New York State.
New York State Small Business Seed Funding – Up to $25k
NYS grant between $5k – $25k for eligible small businesses in New York State that started business after 9/1/2018
NY Unemployment – Providing Proof of PUA Eligibility
Explains the requirement to provide proof of eligibility for PUA
2021 Tax Return and Covid Relief
Some points to note (and discuss with your accountant) when filing your 2021 tax return.
FFCRA: Paid Time Off Work Due to Covid – up to $32k Per Person
How employees and self employed individuals can get paid time off of work due to Covid.
New York State Homeowner Assistance Fund – Up to $50k per Household – Launches 1/3/2021
Up to $50,000 per eligible household, who are either:
– 30 days past due: payment of all arrears
– Have an adult member currently unemployed: six months of future household payments (in addition to arrears).
EIDL $10k (Targeted Advance) + $5k (Supplemental Advance) = Up to $15k Grant
EIDL offers grants of up to $15k per eligible business (including self-employed).
Child and Dependent Care Credit – 2021 Tax Year
Dependent Care Credit offers families with child care and dependent care expenses, up to $8,000 per family in a fully refundable credit.
$10,000 NYC Small Business Resilience Grant
The NYC Small Business Resilience Grant is offering a $10,000 grant to eligible small businesses in New York City, including 1099 / Schedule C applicants.
Beyond COVID – Financial Assistance – Extensive List of Programs
Here is a list of financial assistance currently available in NY.
NY – Hurricane Ida Relief
Resource with available assistance in New York for those who were affected by Hurricane Ida (September 1-3 2021).
Employee Retention Credit (ERC) – For Businesses with Payroll
ERC (Employee Retention Credit) is a Covid-Relief program that gives eligible businesses up to $26k for each employee on payroll.
NY Emergency Rental Assistance Program (ERAP)
This ERA program helps pay the rent for eligible households. Both tenants and landlords can apply. Funds are limited, so if you are eligible, apply right away.
NY Unemployment Update September 6, 2021 – Covid Unemployment is Over
All about Covid Unemployment Expiration on 9/5/2021
NY Child Care Providers – Stabilization Grant
If you have a licensed/registered/exempt child care program, you can get a grant, between $4,000 and $200,000.
NY: Partial Unemployment Now Based on Hours Worked, Not Days
Starting from the week beginning 01/18/2021 partial Unemployment will depend on hours worked and not days worked
Covid-19 Funeral Assistance
FEMA will reimburse up to $9,000 in funeral expenses for people who passed away due to Covid after January 20, 2020.
Free Childcare in New York – Essential Worker Scholarship
The $25 Million NYS Essential Worker Scholarship fund covers childcare costs for essential workers. The term “essential worker” is very broad and includes childcare, education, retail, medical, construction and many more fields.
American Rescue Plan Act – 03/11/2021
Overview of the American Rescue Plan – Signed into law 03/11/2021