COVID-19: IACC UPDATES
IACC is asking all members to utilize this letter below as a template and create a personalized version that you can also send out to the lawmakers in your state.
Letter Template
for SenatorsLetter Template
for Representatives
Senate Banking Housing and Urban Affairs Committee
Address ListUS House Committee on Financial Services
Address List
Coronavirus Information and Resources
In response to recent development to the on-going COVID-19 Pandemic, IACC wants to connect Members to a number of resources to keep Members up-to-date as the pandemic continues to unfold.
A number of resources have become available through ACA International’s public website that cover the impact of COVID-19 on the Accounts Receivable Management industry:
- Licensing Guidance from State Agencies in Response to Coronavirus
- Business Resources to Help Members Manage Pandemic Preparedness
- Is Your Organization Prepared for the Coronavirus? Including a Coronavirus Preparedness Kit
- Return To Work Resources from ACA
Other Resources Pages to bookmark for reference:
insideARM COVID-19 Resource Page
- All inside ARM COVID-19 coverage
- State and federal notices
- Practical guidance
- A guide to relevant tech solutions
- All in one place
As business owners, the CARES Act may provide you some financial relief options.
- This link contains a summary of the new legislation including great information on the forgivable loans to small businesses:
Summary of CARES Act - IACC CARES Act Press Release
- New York State Creditors Bar Association (NYSCBA) - Best Practices Regarding Stimulus Funds
- New York Attorney General - Guidance CARES Act Payments
Coronavirus (COVID-19): Small Business Guidance & Loan Resources
- Summary from SBA
The Small Business Administration has posted additional guidance about the Paycheck Protection Program to its website, including a sample application (.pdf), and the Department of Treasury has provided its own fact sheet (.pdf), too. Lenders will begin processing PPP loan applications on Friday, April 3, 2020. Although the program will accept applications until June 30, 2020, most experts anticipate that the $349 billion fund will be exhausted quickly.
CFPB - Clarifications to Support Small Business Applying for PPP Loans
Employment Decisions After FFCRA and CARES- A PDF resource covering the topics below for IACC members.
- Employment aspects of the Families First Coronavirus Response Act (FFCRA) and the Coronavirus Aid, Relief, and Economic Security (CARES) Act
- CARES Act Unemployement Benefits
- Practical Considerations for Employers
Best Practices and Suggestions for Office Policies During the COVID-19 Pandemic
*Please note although the examples are based on Minnesota’s guidelines, they provide information that can be viewed universally as best practices.
- ACA Huddle 04/30/2020 PPT Presentation
- MN COVID-19 Business Plan Template
- MN Employer Preparedness Plan Requirements Checklist
Other Industry Newsletters featuring Covid-19 articles specific to the receivables industry:
- www.creditandcollectionnews.com
- https://www.insidearm.com/news/
- https://www.accountsrecovery.net/
- https://www.acainternational.org/news/aca-daily
- https://news.google.com/topics/CAAqIggKIhxDQkFTRHdvSkwyMHZNREZqY0hsNUVnSmxiaWdBUAE?hl=en-US&gl=US&ceid=US%3Aen
For the most up-to-date and trusted information on the COVID-19 Pandemic, please follow the CDC Guidelines:
To connect to the CDC’s guidelines on COVID-19, please click HERE.
IACC encourages following the links below about the CDC and their responses and suggestions in the midst of the spread.
Please remember to engage in social distancing and remember to wash your hands with soap and water regularly for at least 20 seconds, about the length of singing the ‘ABCs’ or ‘Twinkle Twinkle Little Star’ to yourself twice.
The CDC also has a number of recommendation articles. We have listed a few below for your reference.
- CDC Guidance on Preparing Workplaces for COVID-19
- Action Steps to Keep Your Business and Employees Healthy
- Keeping the workplace safe – Encouraging Employees to…
- Resources for Businesses and Employers
The CDC has a printout for a ‘Feeling Sick- Work from Home’ poster – to find it, please click HERE.
IACC would also like to direct our Members to some articles about working from and managing workers from home.
- A Guide to Managing Your (Newly) Remote Workers – From the Harvard Business Review
- A Guide for Working (From Home) for Parents – From the Harvard Business Review
- 10 Tips From CEOs on Working From Home Effectively and Happily – From the Entrepreneur
Business Resources
Here are some resources that may be helpful:
- Microsoft is offering Teams videoconferencing for free to up to 300 users per company.
- Zoom - video conferencing and conference calls. Different plans and some are free.
- Stamps.com for Stamps and postage
- ACH transactions; also Venmo or Zelle for business
- Efax and Evoice - send transmissions via email and send voice reception anywhere;
- Lawyaw.com - Has online forms for various states/courts and also can integrate word documents into fillable fields. Also has the ability to obtain esignatures with digital recognition.
Since people are working at home it is good to have team meetings so not only are the employees/members updated with rapid changes but they also can still feel connected to the business and colleagues.
Costco and Staples does deliver for not only cleaning supplies, etc, but they also have office supplies, like paper, toner, and home all in one printers, etc.
HR Information
Tax/Accounting Resources
CliftonLarsonAllen, the auditing firm for CLLA/IACC's Agencey Certification Program, hosts a COVID-19 Resources page including Tax, Accounting and other Resources