2 Questions: How do you unlock the expense template cells for entry? Also, • My payroll company submits our quarterly IRS 941 electronically, and the summary confirmation that they provide does not include employee counts. How do I get that info by Monday?
IS this grant taxable? Why can't we use this money for payroll and healthcare?
what documents are needed to show revenue/revenue loss?
It seems that there are 1099’s needed but we don’t issue them until January 2021, what exactly are they looking for? Tx
what time Monday does the application open
Sole Proprietors don’t have 1099s and many have losses on line 31 of Schedule C.
physical presence? can you use home address?
There are for-profit Rhode Island businesses who do not have an office or storefront.
What about no employees actually hired, but contract support is often used.
I sure hope so!
Hi Craig, Please make sure you enable editing when you download the expense template, that should unlock the cells.
Hi Sean, the application will open by 5pm on Monday.
Hi Dianne, This grant is taxable.
I was shut down March 21. The 22-31 st
We are in the travel industry but our NAICS code is not listed for severely impacted. Mark Brodeur from Commerce called and said we will be included but as of today we don't see the change. Will this be fixed by Monday?
Does a Yoga and Pilates studio come under recreation
loss does not count?
Hi Dianne, Can I ask which NAICS code your business falls into? Thanks
IF I remember correctly it is 56010 travel agency
Thanks, Dianne. I'll message my colleagues and see what I can find out.
I have a PPP. I don’t recall having a DUNS number for that application.
I see Transportation (such as a charter bus company), and Recreation (like a sports team/club), and Accommodation (like a hotel) are severely impacted industries. I don’t see mentioned travel agencies or travel management companies, or events/meetings companies. Are companies labeled as these also included as the previous three severely impacted companies?
I only see a 6-digit NAISC number. Where is the 3-digit code?
Hi Patricia- you may have a DUNS number already but don't remember it/can't find it. You can use the Dun & Bradstreet website to look up your DUNS number if you think you already have one, and also request one if you do not already have one: https://www.dnb.com/duns-number.html
Hi Steve, your 3-digit NAICS code is the first three-digits of the six-digit code.
Hi Kevin, the NAICS code for fitness and recreational sports centers is 713940.
what if your business is seasonal? and Q1 doesn’t reflect the number employees you need now
I have 10 people who are on 1099 that work on average of 6-8 hours per week. How does that get calculated. They are yoga teachers and instructors
what if my business opened May 25, 2019? DO I use Q1 2020 or just the month I was open in 2019
Yes, I use contractors, several different ones.
should sole proprietors use their ss# or EIN as tax id?
I have PPP loan Would my DUNS number be on my PPP application, its not listed on the Dun and Bradstreet website
is this going to be based on owners personal credit?
I got an extension on my tax return. Should I provide the extension information
Hi Luz, No, the owner's credit score is not a factor in approving or denying the grant application.
Do you need to provide this info for all owners or just for the person submitting the application
Is Payroll a part of the Type category? From March 1?
Can't we just provide our P&L for 2019
Can you use the payroll that was not allowed in the PPP, ie federal and medical payments?
It states that expenses cannot be the same as those covered by PPP and EIDL loans but it also states that we should submit higher value expenses such as rent. Rent was covered in PPP loans. This is a conflicting message. Can you explain this?
Hi Luz, the prequalification form will ask you to provide ownership information (name, email, percentage of ownership stake) for owners that own more than 20% of the business, but the more extensive documentation is only requested for the owner filling out the application.
I filled out the estimator, but it said I qualified for $0.00 dollars. Why is that?
Hi David, there is some overlap with the PPP program's eligible expenses such as rent and utilities, but we have excluded payroll and compensation at this time from the grant program.
Steve click No your not a non profit
So if I only have two employees and only 30-50% impacted… I may only get $3500 in grant? not $15,000
Hi Steve, we have received some comments today that the calculator is giving some potentially eligible applicants errors and my colleagues are working very quickly to correct the issues.
Patricia, it looks as if the grant amounts are quite low.
If PPP monies were used for JUST payroll, can we use rent/utilities for the RI Grant program?
Can I use my rent from March and April because my PPP loan was given to me until April 30th
Hi Patricia, Yes, the grant award is based on a formula of revenue loss and number of employees.
Hi Ralph, Yes, rent and utilities would be eligible expenses under the grant if PPP funds were not applied to those expenses.
Hi Lorraine, If your PPP funds were not used on your March and April rent, that rent would be an eligible expense under this program.
Hi Justin, in response to your question about which quarters to compare, you should compare Q1 and Q2 of 2020.
Do we need an accountant to help us prepare this information?
Do you happen to know if my rent from March and April are eligible for forgiveness on my PPP loan if I didn’t receive the loan until the end of April?
Please post the excel format on line for everyone to download
What if most revenue was made during other quarters of 2019?
You don't necessarily need an accountant. There are SCORE mentors and other organizations that are available to help you.
Thanks, Ray. It seems complicated .
I have an agency and averyone is 1099 but the company sent the 1099 no my agency, we use the office for training, to meet with clients and pick up materials, some of the agent have an office. do I qualify to apply for the grant?
You can also send questions to firstname.lastname@example.org
what if the owner works at the business but doesn’t pay themselves are you able to count yourself as an FTE?
does an LLC need to have an employee in addition to the owner
And the phone number of 401-521-HELP
If you have used the PPP $ for rent electricity ,gas,oil water and sewer what else is left for expenses? Anyone care to input on this question
Teri Terrien - SCORE Rhode Island
Visit www.ri.score.org for mentoring
I have 2 locations under one LLC Entity. Would this be treated as one "business". This was the case with the PPP loan.
There would only be one 941 with the one LLC
John, I used the PPP $ for benefits to, not just utilities
Is Kara saying that we could qualify for multiple grants, e.g. we have 3 locations and could get up to $15K each? They are all under the same LLC.
what do you do if you lease all of your employees and have no one on your actual payroll
Acceptable expenses, technology upgrade? PPE products, Plexiglas, gloves, sanitizer, cleaning supplies, inventory?
You mentioned that there may be a later program for Sole proprietor with NO employees. Do you know when that will be available?
No specific information at this time no a program for sole proprietors
Earlier it was mentioned that plans were being considered for sole proprietors with no employees. Anything you can say on that? ie. My fathers a travel agent who's been severely impacted for the year and foreseeable future.
If I have more than one Rhode Island location, may I receive more than one grant?Applicants with common ownership may receive grants for up to three locations.
what's the expected average grant $ amount
IS THE GRANT TAXABLE?
Did you make corrections to the NAICS code listings so travel agencies are included??
Restaurant we had to throw out 8 thousand dollars in food -can we use that expense for food replacement
If I use multiple 1099 employees but for various amounts of time during Q1 2020 (+/- 10 1099 employees but some only for 20 hours total and others for 100+ hours
Would there be any reason to show all expenses above $15,000 for possible future grants.
Thank you .
Dumpster and landscape expense?
Does the grant have to be paid back
Did you guys answer the question about seasonal FTE number
Kara, Secretary Pryor recommended that applicants submit expenses which exceed the grant amount, so that if one expense is excluded, there should still be enough documentation submitted to support the loan amount. This avoids a delay in funding. Could you explain that to the group?
can business once booked and later canceled, be counted as an eligible expense for loss of fee/commissions?
I received a ppp loan. Where do I find the DUNS #
Lori Ann Golda
what about seasonal businesses that are only open in April?
NAICS - are travel agencies included as severely impacted?
For some companies, one large allowable expense is the cost of materials used in producing your product, for example the food purchased by a restaurant.
what the definition of grant?
My wife works full time but doesn't pay herself due to cashflow. Paychex would not reflect a full time but she definitely works full time. How do we handle
Could a sale of a luxury item that was cancelled by a buyer because of covid, which greatly impacted our income, be counted as a loss of revenue?
I have same question as Kevin Perry
if i opened my business may 25, 2019 would i use Q2 2019 or Q1 2020 for revenues
Is the grant being expected to be paid back??
SO would Purchasing inventory for a manufacturing company be included too
Carl- the grant is not expected to be paid back.
Yes if it's in your cost of goods sold
We had to have all the beer lines , soda lines changed before we reopened and lost all kegs stale from sitting since March the replacement of beer inventory is this a good expense?
Are these funds being expected to be paid back?
Hi Sean, Yes, replacing those lines and the inventory would count as eligible expenses.
My payroll company submits our quarterly IRS 941 electronically, and the summary confirmation that they provide does not include employee counts. How do I get that info by Monday?
Carl. Your answer has been answered. No.Featured snippet from the webA grant is an award, usually financial, given by one entity (typically a company, foundation, or government) to an individual or a company to facilitate a goal or incentivize performance. Grants are essentially gifts that do not have to be paid back, under most conditions.
Thank you everyone!
When would people be available to answer detailed questions at Score?
Grants do not have to be repaid. It will be taxable however