California is providing broad assistance to small businesses and employers impacted by COVID-19. This includes:
- Small business interest free deferral of sales/use tax up to $50,000 for businesses with less than $5 million in taxable sales.
- Federal small business stimulus programs:
- 90-day extension on all businesses filing a return for less than $1 million in taxes
- California Small Business Loan Guarantee Program (via IBank) $50 million in state funding, providing potential capital for individuals who do not qualify for federal funds.
Check your local Chamber of Commerce for more business resources.