All posts by Melby

Events & Happenings: 04.20.20

HACCOF’s weekly “Events & Happening” includes events, special announcements, important news, press releases, business marketing opportunities and more.

View here: April 20, 2020

 

NMCRA CREATES 2 NEW EMERGENCY RELIEF GRANTS FOR BUSINESSES AFFECTED BY COVID-19

NORTH MIAMI COMMUNITY REDEVELOPMENT AGENCY (NMCRA) CREATES TWO NEW EMERGENCY RELIEF GRANT PROGRAMS FOR BUSINESSES AFFECTED BY COVID-19
$1,000-$5,000 Grants Available Through Emergency Relief for Essential Businesses Programs
NORTH MIAMI, FL. – (March 30, 2020) – To assist businesses during the threat of COVID-19 (coronavirus), the North Miami Community Redevelopment Agency (NMCRA) is creating two emergency relief grant programs for North Miami businesses that have been severely impacted and are facing challenging times during this ongoing crisis. Consisting of two separate programs, the Emergency Relief for Essential Business Program will provide (25) twenty-five North Miami businesses with grants up to $1,000 each and the other program, titled the Emergency Relief to Jump Start Businesses, will allow 120 North Miami small businesses to receive up to $5,000 to jump start their operations.
Available immediately, the first program titled The Emergency Relief for Essential Businesses Program is for eligible existing small businesses deemed essential by Miami-Dade County and the City of North Miami Offices of Emergency Management. This is a one-time, $1,000 grant for (25) twenty-five NMCRA businesses for the purchase of inventory to continue limited operations during this public health emergency. First, 25 businesses will receive this grant, then the second group of 25 businesses can receive funding once the Board grants their approval for the program to be extended to more businesses. Examples of eligible uses are inventory needed to cook and sell food; gasoline, propane gas for cooking, delivery services; and other services or items necessary to continue to operate.
Available once the Board approves it, the second emergency relief program, the Emergency Relief to Jump Start Businesses, will provide businesses with grants up to $5,000 for future operational expenses: rent, payroll, communications, etc. It will come into effect once the disaster declaration has been lifted and the Board of the NMCRA approves it. Candidates must have applied for the U.S. Small Business Administration (SBA) Disaster Loan and  Florida Disaster Loan, so document proof of the application with receipt is necessary.
“The City of North Miami and North Miami CRA continue to work hard to help the countless businesses and individuals who have been severely impacted by the ongoing health crisis,” says North Miami Mayor Philippe Bien-Aime, Chairman of the North Miami CRA Board. “We are doing everything in our power to educate the public, reduce the negative economic impact, and be ready to assist in recovery when conditions improve.”
Businesses interested in either of the NMCRA relief programs, should contact cragrants@northmiamifl.gov or 305-895-9839 to receive instructions on how to complete the applications.  Applicants must thoroughly review application guidelines and terms and conditions to ensure eligibility.
In addition to the creation of grants available through the NMCRA directly, the agency has also been sharing updates on new regulations pertaining to North Miami businesses and loans available to help small businesses suffering substantial economic injury as a result of the ongoing crisis, and will continue to do so. Some of these resources include:
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For media inquiries, please contact Taylor Cavazos at Kivvit at tcavazos@kivvit.com or 956.245.6788.
About the North Miami Community Redevelopment Agency (NMCRA):
The North Miami Community Redevelopment Agency is an independent government agency tasked with eliminating slum and blight in the heart of downtown North Miami. The NMCRA does this by using increases in taxable values to transform the area into one that again contributes to the overall health of the community.  This transformation occurs through various grants and incentives initiatives including: Commercial Rehabilitation and Beautification Grants; Public Private Partnership Developments; Infrastructure Improvements;  Neighborhood Improvement Programs; Affordable, Workforce, Market Rate, Luxury and Mixed Income Housing; Affordable/Workforce Housing Development & Renovation; Transportation and Transit Developments.
North Miami Community Redevelopment Agency (NMCRA) Update for Businesses
This Thursday, April 2, at 11 a.m. (EST), the North Miami Community Redevelopment Agency (NMCRA) and Emineo Media are hosting a free webinar for local small businesses to learn how to apply for a U.S. Small Business Administration (SBA) Disaster Loan and the Florida Bridge Loan.
Representatives from both the SBA and the Small Business Development Center (SBDC) will be present to answer any questions from attendees. To learn more and register for the event, please visit https://zoom.us/meeting/register/vJArf-Cprz4iJOF-iZuFbEt_L-N4fXT9XQ  (limited space available).

Miami Dade Business Continuity & Recovery Virtual Town Hall

Miami Dade Business Continuity & Recovery Virtual Town Hall

Wednesday, March 25th at 1:30 P.M.

Presented by the Greater Miami Chamber of Commerce and the

Miami-Dade Beacon Council, tomorrow’s Virtual Town Hall is meant to facilitate information on resources and assistance available to support businesses impacted by COVID-19. Speakers include civic leaders and key subject matter experts speaking to local, state and federal programs available to Miami’s small business community.

CLICK HERE TO REGISTER FOR VIRTUAL TOWN HALL

IRS: Payment Deadline Extended to July 15, 2020

1.  Payment Deadline Extended to July 15, 2020


The Treasury Department and the Internal Revenue Service are providing special payment relief to individuals and businesses in response to the COVID-19 Outbreak. The filing deadline for tax returns remains April 15, 2020. The IRS urges taxpayers who are owed a refund to file as quickly as possible. For those who can’t file by the April 15, 2020 deadline, the IRS reminds individual taxpayers that everyone is eligible to request a six-month extension to file their return.

This payment relief includes:

Individuals: Income tax payment deadlines for individual returns, with a due date of April 15, 2020, are being automatically extended until July 15, 2020, for up to $1 million of their 2019 tax due. This payment relief applies to all individual returns, including self-employed individuals, and all entities other than C-Corporations, such as trusts or estates. IRS will automatically provide this relief to taxpayers. Taxpayers do not need to file any additional forms or call the IRS to qualify for this relief.

Corporations: For C Corporations, income tax payment deadlines are being automatically extended until July 15, 2020, for up to $10 million of their 2019 tax due.

This relief also includes estimated tax payments for tax year 2020 that are due on April 15, 2020.

Penalties and interest will begin to accrue on any remaining unpaid balances as of July 16, 2020. If you file your tax return or request an extension of time to file by April 15, 2020, you will automatically avoid interest and penalties on the taxes paid by July 15.

The IRS reminds individual taxpayers the easiest and fastest way to request a filing extension is to electronically file Form 4868 through their tax professional, tax software or using the Free File link on IRS.gov. Businesses must file Form 7004.

This relief only applies to federal income tax (including tax on self-employment income) payments otherwise due April 15, 2020, not state tax payments or deposits or payments of any other type of federal tax. Taxpayers also will need to file income tax returns in 42 states plus the District of Columbia. State filing and payment deadlines vary and are not always the same as the federal filing deadline. The IRS urges taxpayers to check with their state tax agencies for those details. More information is available at https://www.taxadmin.org/state-tax-agencies.