HVAC/R Business Resources for Covid-19*

What is an essential business?
Workers such as plumbers, electricians, exterminators, and other service providers who provide services that are necessary to maintaining the safety, sanitation, and essential operation of residences.

 

Here are important resources to help keep you informed.
CISA Letter defining Critical Infrastructure Workers
HVACR Industry COVID19 Joint Travel Restriction Statement
State of Michigan Executive Orders
State of Indiana Executive Orders
Sample Letter – Authorization to Travel

Financial Assistance:
Paycheck Protection Program PPP
Michigan Small Business Relief Grant
SBA Disaster Loans
Cares Act Highlights
IRS Coronavirus Site
Michigan Business Resources during Covid-19

HR & Compliance:
Washington has have passed the CARES Act, an economic stimulus plan aimed at addressing the impact of the COVID-19 outbreak on Americans and introducing direct payments depending on status and income, additional unemployment benefits, small business relief, use of retirement funds, expanded health care and more.

Employee Assistance:
Families First Coronavirus Response Act
Department of Labor answers FAQ about Emergency FMLA and Paid Sick Leave Act

What is a Furlough?
A furlough is where employees are released from work for a specified period of time (e.g. from now until April 14).  The employee is still considered an employee.  The employer can opt to continue covering medical insurance (optional).  The employer does not have to pay out accrued PTO because the employee is “still on the books.”  The employee can collect unemployment.  The furlough can be shortened or lengthened.  Typically this is a for a temporary situation.

What is a Layoff?
A Layoff is a type of full termination of the employee.  Employees will be eligible for unemployment benefits immediately. The Cares Act is providing significant additional assistance to state unemployment

 

 

*The information above is offered as general guidance only and may or may not apply to a particular circumstance. Check with your attorney, tax or banking expert to decide the proper course of action and proper use of resources.