RV Sales & Service as Essential Services
As states and localities modify stay at home orders, dealers may find Department of Homeland Security guidance useful if questioned on essential service status by state or local officials.
- Department of Homeland Security (DHS) guidance to state and local governments on essential workforce (see vehicle services under transportation section (p. 13) click here.
- State and local emergency declaration contacts in each state, click here.
- RV campgrounds status from Campendium.
RVDA and RVIA and the National Association of RV Parks & Campgrounds sent letters to all 50 state Governors and the Department of Homeland Security urging them to recognize the RV industry and campgrounds as essential businesses as they implement measures in response to the COVID-19 virus. For dealerships that provide essential services and that determine they can and want to remain open, these letters can be a resource to use with state and local officials.
SBA Paycheck Protection Program
SBA Issues FAQs on PPP Loan Forgiveness
The Small Business Administration (SBA) has released a new Frequently Asked Questions (FAQs) document that focuses on the Paycheck Protection Program (PPP) loan forgiveness process. The FAQs provide additional guidance on what types of payroll expenses are eligible for forgiveness, including questions about commissions and bonuses, group healthcare benefits, and retirement benefits. RVDA associate member blumshapiro has issued more information on the process, which is available here.
- PPP Loan Forgiveness Applications -- for guidance on preparing PPP loan forgiveness application from RVDA associate member Somerset CPAs and Advisors, click here.
SBA Disaster Loan Program Available for Small Businesses Impacted by COVID-19
The Small Business Administration will work directly with state governors to provide targeted, low-interest loans to small businesses that have been severely impacted by COVID-19. The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. Find more information on the SBA’s Economic Injury Disaster Loans here.
Families First Coronavirus Response Act
Department of Labor Guidance Q&A
President Trump has signed the Families First Coronavirus Response Act. This economic stimulus plan to address the impact of COVID-19 includes many provisions which apply to employers, such as paid sick leave for employees impacted by COVID-19 and those serving as caregivers for individuals with COVID-19. There are two provisions providing paid leave to employees forced to miss work because of the COVID-19 outbreak: an emergency expansion of the Family Medical Leave Act (FMLA) and a new federal paid sick leave law. The leave provisions went into effect on April 1.
This law provides refundable tax credits for employers who are required to provide Emergency Paid Sick Leave and Emergency Paid Family and Medical Leave. These tax credits are allowed against the employer portion of Social Security taxes. The law allows the Secretary of Labor to exclude to exempt small businesses with fewer than 50 employees if the required leave would "jeopardize the viability of their business." For guidance from the IRS on implementation, click here.
There are also caps on paid sick leave wages and specific calculations for rate of pay included in the law. RVDA will provide more information as the Department of Labor releases more details on how the law will be implemented. For detailed information from leading employment law firm Fisher Phillips, click here. From RVDA outside counsel Venable, click here. Please consult your attorney for additional information on state specific employment law.