The Treasury Department and the Small Business Administration have issued guidance on the Paycheck Protection Program (PPP) loans as guaranteed in the CARES Act. The CARES Act guaranteed $349 billion in small business loans for employers to retain employees and cover costs such as mortgage payments and utility bills. (For a full summary of the … Read more
The Alcohol and Tobacco Tax and Trade Bureau (TTB) recognizes that businesses that they regulate are being severely impacted by COVID-19. To assist these businesses during this period, they are postponing several filing and payment due dates for 90 days where the original due date falls on or after March 1, 2020, through July 1, … Read more
The following is a basic summary of the CARES Act and benefits for the wine industry: Small Business Loans: The bill authorizes $367 billion in Small Business Administrations Loans: The CARES Act would increase the maximum loan amount to $10 million and would expand allowable uses of loans to include payroll support (including paid sick … Read more
Washington, DC, March 26, 2020–WineAmerica, the national association of American wineries, has released the results of a national economic impact survey of wineries across the country to initially assess the effects of the Covid-19 crisis on their businesses so far. The survey was sent on Thursday, March 19 with a deadline of March 23, and … Read more
FILE ONLINE FOR TTB APPROVALS We know that our industries rely on timely approvals from TTB, whether just getting started or to manage their daily operations. Over the coming weeks, to ensure the safety and well-being of our employees, and in accordance with federal, state, and local guidelines, we will be very limited in our … Read more