RISCPA/RI BUSINESS FORUM NEWS RELEASE NOVEMBER 5, 2020

RISCPA/RI BUSINESS FORUM NEWS RELEASE NOVEMBER 5, 2020

NEWS AND UPDATES:

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TECHNICAL ASSISTANCE & TRAINING RESOURCES announced for COVID-impacted businesses:

  • On October 26th, Governor Raimondo and Rhode Island Commerce approved $2 million in awards to local organizations to extend technical assistance and training to businesses impacted by COVID-19; RISCPA is proud to participate in this initiative to assist the business community.
    • Rhode Island Society of Certified Public Accountants (RISCPA) and its partners will provide customized online training programs addressing various topics from general business areas such as cash flow, business plans, inventory control to common areas of need related to COVID 19 such as compliance with federal programs, diversification and repositioning, best practices for reopening and leveraging technology and digital solutions. Zoom info sessions will be held with President Melissa Travis on Monday, November 9th and November 16th 12:30-1:30 pm; register to attend: CLICK TO REGISTER FOR AN INFO SESSION
    • Cohort 1: November 10 - 20, 2020
    • Cohort 2: December 7 - 17, 2020

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  • As a result of rapidly increasing COVID-19 cases, Governor Raimondo announced 7 new mandates that will take effect on Sunday, November 8th and be in place for two weeks:
    • Stay-at-home advisory from 10 pm-5:00 am on weeknights, 10:30 pm on weekends
    • Early closures- all restaurants, bars, gyms, recreational facilities and personal services must end at 10 pm on weeknights; 10:30 pm on Friday and Saturday
    • Venues of assembly- performing arts, movie theatres and houses of worship maximum of 125 people; outdoor venue limit 66% with maximum 150 people
    • Catered events -limit for catered events is 25 people indoors and 75 outdoors, exceptions for previously scheduled weddings
    • Big Box Stores- Capacity limit 1 person per 150 square feet
    • Business travel – businesses asked to cancel all non-essential business travel
    • Masks- required when around people you don’t live with (includes outdoors and gyms)
    • Social gathering limit remains at 10 people
  • RESTORE RI Program has been expanded with businesses eligible for grants Up to $30K (double the original grant sizes).  Applicants who already received grants with expenses not covered under their original grant application will be eligible to request additional funding under a streamlined process. To learn more, visit: https://commerceri.com/about-us/restore-ri/ or for training, assistance or additional resources, contact RISCPA at covid@riscpa.org

  • Rhode Island Commerce Corporation has allocated $1.75M for Business Adaptation Grants. The program, targeted for companies with business models (products and/or services) dramatically constrained and significantly impacted by the public health emergency resulting from the COVID-19 pandemic, is designed to support affected businesses in adapting their business models and/or operations in substantial ways. Eligible businesses can receive up to $50,000.  Deadline to apply is November 9th!! https://commerceri.com/businessadaptation/

  • Phase 3 Extended through October 28th: https://www.reopeningri.com/

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ribf

RI Business Forum partners RISCPA and RIMA announce a first of its kind partnership and ancillary benefits platform to serve members and partners. The partners also announced the release of the following: 

Employer Bill of Rights

Broker Pledge

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RISCPA's 2020 Virtual Tax Forum - Registration is OPEN: Click HERE

Thursday, December 3

TOPICS:

  • RI Division of Taxation - Updates and News
  • NEW RI Department of Revenue
  • IRS Updates
  • PPP Loan Forgiveness Featuring SBA Lending Leadership Team
  • Regulatory and Legislative Updates
  • Special guests and more...

REGISTER TODAY!

6 CPE, Taxes

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sba

The U.S. Small Business Administration announces updated PPP Forgiveness Assistance: Paycheck Protection Program Loan Forgiveness

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mscpa

VIRTUAL event - attendees are eligible to receive up to 17 CPEs:

Managing Partners Track: $749

Emerging Leaders Track: $499

Firm Operations Track: $299

AGENDA:

  •              Keys to Success for Tax Automation and Outsourcing
  •              Business Reinvention: Strategies for Helping Your Clients Adapt
  •              HR and Legal Update
  •              Diversity and Performance: Leveraging Difference to Power the Bottom Line
  •              Developing the Skills of a Business Advisor
  •              Leverage the Power of Office 365 and Teams in Your Firm

For more information visit: www.mscpaonline.org/map20. Note - event is Eastern Standard Time

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RISCPA/RI BUSINESS FORUM ANNOUNCES PARTNERSHIP WITH LT. GOVERNOR DAN MCKEE - OPERATION HOLIDAY CHEER SUPPORTING RHODE ISLAND MILITARY RELIEF FUND

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SBDC

Rhode Island Small Business Development Center is hosting a series of free events to help small businesses with their business and marketing needs. For more information, please CLICK HERE

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GA

RISCPA GOVERNMENT AFFAIRS

Both the House and Senate are in recess this week.

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RIDT

All Division Advisories are available here: http://www.tax.ri.gov/Advisory/index.php

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COVID-19 Rhode Island Stats (as of 11/05/2020)

  • Total number of cases: 35,750
  • New cases: 566
  • People hospitalized: 182
  • Total Number of Deaths: 1,222
  • Total number of tests: 1,200,751
  • Positivity rate: 3.6%
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