We are a nonprofit organization; can we still apply for the SBA Disaster Loan?
The U.S. Small Business Administration is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). Upon a request received from a state’s or territory’s Governor, SBA will issue under its own authority, as provided by the Coronavirus Preparedness and Response Supplemental Appropriations Act that was recently signed by the President, an Economic Injury Disaster Loan declaration.
Loans Available in the CARES Act (POSTED 4.1.2020)
Many of our businesses are trying to understand the differences between the available loan programs from the CARES Act. For this reason, CDF has worked with our lending institutions and accounting firms to provide this general breakdown between the loan programs. Your business accountant and bankers should be used to determine which loan is best for your business. WATCH A FACEBOOK LIVE VIDEO DISCUSSION ABOUT THESE LOANS
CDF Member, BKD CPA's and Advisors is holding multiple webinars to help businesses cope with COVID-19
BKD CPA's & Advisors Webinars:
---ARCHIVED / "Tax Considerations Surrounding COVID-19" | 3/26/20
---"SBA Loans, Payroll Tax Credits & General Business Planning Considerations" | 4/2/20 | 2:00 p.m. to 3:00 p.m.
MISSISSIPPI DEPARTMENT OF REVENUE FILING EXTENSIONS (ADDED 3/27/2020)
READ FULL PRESS RELEASE: cdf.ms/covidextensions
Clinton, Miss. – Mississippi Department of Revenue Response to Requests for Relief
The Mississippi Department of Revenue is aware of the new pressures on the business community and state governments in responding to the COVID 19 pandemic. We are committed to doing what we can to help provide relief and certainty to our taxpayers.
Extensions of Filing Deadlines -- While the federal government and many other states have postponed their income tax filing and payment deadlines to July 15, Mississippi has currently elected to move its filing deadline to May 15 in order to meet our statutory requirements of a balanced budget as of the fiscal year end, which is June 30. The Department issued this extension with legislative input and input from our governor’s office. We cannot move this deadline out past the fiscal year end without express direction from the legislature and the governor because this will create a $500,000,000 deficit for the current fiscal year... READ FULL PRESS RELEASE: cdf.ms/covidextensions
RESOURCE LINKS FOR NON-PROFITS
MY CHURCH HAS CLOSED. WHERE CAN I WORSHIP?
- Most of Tupelo and Lee County churches have moved to online worship services only. Search here for a church you would like and then click their website.
- Instructions for viewing and service times are listed on each church website.