Coronavirus Business Resources And Grant Opportunities In hermosa Beach

Hermosa Beach CA

04 December, 2020

3:09 AM

Description

Press release from the City of Hermosa Beach: December 2, 2020 With the most recent changes to the LA County Public Health Orders directing the closure of outdoor dining for a period of at least three weeks, the City is providing an update on advocacy efforts and additional grants and resources that are available to our businesses from the City, County, and State. South Bay Cities Council of Governments On Monday November 30, 2020, the South Bay Council of Governments held a special meeting to discuss the latest LA County Public Health Orders. As a result of the special meeting and unanimous direction from the board, letters were drafted yesterday and sent to the Governor and the County Board of Supervisors on behalf of all South Bay cities, including Hermosa Beach, requesting an alternative method of determining health order restrictions--primarily requesting that the South Bay be regarded as a sub-area within the County, whereby South Bay case rates are used to determine health orders impacting the South Bay. Keep LA County Dining Grant Program This grant program has been made available by the LA County Board of Supervisors for restaurants with 25 or fewer employees and fewer than five locations. See a checklist and sample impact statement drafted by the City. Up to $30,000 for working capital assistance for eligible restaurants Application period opens 12/3 at 12:00 AM and will close on 12/6 or once 2,500 applications are received The application requires an impact statement and we have drafted a sample statement you may use or customize as a starting point to help streamline your application. The application requires a copy of your current business license. If you need a copy, please be sure to email [email protected] before 12 PM Thursday. Other application requirements are largely business and financial documents and we have put together a checklist to help simplify what documents must be collected. More info on this grant: https://keeplacountydining.lacda.org/ Small Business Hiring Tax Credit Provides a small business hiring credit against California state income taxes or sales and use taxes to certain California qualified small business employers that receive a tentative credit reservation The application period opened on 12/1 at 8 AM. The credit reservations will be allocated to qualified small business employers on a first-come, first-served basis. This credit only applies to California small businesses that meet the following qualifications: Employed 100 or fewer employees as of December 31, 2019, and Suffered a 50 percent decrease or more in income tax gross receipts (generally, all income less returns and allowances), when comparing second quarter 2020 to second quarter 2019. Most of the required documentation for this tax credit application are business and financial documents that are listed on the website at the link below. More info on this tax credit: https://www.cdtfa.ca.gov/taxes-and-fees/SB1447-tax-credit.htm Automatic Three Month Income Tax Extensions Gov. Gavin Newsom announced Monday that California will provide temporary tax relief for eligible businesses impacted by COVID-19 restrictions. The temporary tax relief entails an automatic three-month income tax extension for taxpayers filing less than $1 million in sales tax, extends the availability of existing interest and penalty-free payment agreements to companies with up to $5 million in taxable sales and provides expanded interest free payment options for larger businesses particularly affected by significant restrictions on operations based on COVID-19 transmissions. This press release was produced by the City of Hermosa Beach. The views expressed are the author's own.