FAQ

Q: 

If I have had to lay off employees, how can the business financially assist in their transition?

A: 

To financially assist employees that have been laid off, their employer can offer a severance package. This can be a lump sum amount or multiple payments over time. Severance packages do not interfere with an individual’s ability to claim or receive unemployment benefits. Severance pay is subject to standard employee/employer payroll taxes.

*Determined in consultation with an Oregon Labor Attorney. Please advise legal counsel for additional labor law questions.

Q: 

Are contributions to my business through Venmo or PayPal considered taxable income?

A: 

Yes, any contributions through the Bridge [community name] should be considered as direct taxable income to the business receiving the contribution directly.

*Determined in consultation with an Oregon Labor Attorney. Please advise legal counsel or your accountant for additional labor and/or income and tax related questions.

Q: 

What types of needs can my business request assistance for?

A: 

That is entirely up to your business. Common needs may include payroll assistance, severance pay for laid off employees to assist with the transition to unemployment, employee healthcare coverage, sick and/or paid leave for employees, or simply fixed costs (mortgage, loans, rent, etc.) that require assistance.

Q: 

How do I setup a Venmo account for my business?

A: 

For full information on setting up a Venmo account can be found here.

Q: 

How do I setup a PayPal account for my business?

A: 

For full information on setting up a PayPal account can be found here.

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