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COVID-19 Resources: Preparing for the Impact on Businesses and Individuals

The health and safety of our clients, team members, and community remains our top priority as we navigate the Coronavirus Disease 2019 (COVID-19) global health challenge. Our thoughts are with those impacted by COVID-19, including the health professionals and related officials responding to this crisis.

During this difficult time, CBIZ & MHM will continue to monitor the evolving situation daily and provide you with guidance and resources related to COVID-19 and how it may impact individuals and businesses. If you have any questions, please do not hesitate to contact us.

If you are a client and in need of assistance, please contact Marc Busny at mbusny@cbiz.com or 617.761.0565.

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For specific service or industry guidance, please click on a specialty area below:

Tax & Accounting | Private Equity/Venture Capital | Retirement Plan Services | Not-For-Profit | HR & Insurance | Risk & Operations | Financial Management 

Tax & Accounting Insights:

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Tax Planning for the Balance of 2020
September 17, 2020

The unique tax environment presents several tax strategy opportunities.

»Read More

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3 Considerations When Using Forecasts to Assess Impairment Amid COVID-19
September 8, 2020

Here’s how forecasts affected impairment accounting.

»Read More

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IRS Issues Employee Payroll Tax Deferral Guidance
August 31, 2020

Recent IRS guidance details employee eligibility, the repayment period, and employer responsibilities for President Trump’s employee payroll tax deferral.

»Read More

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Will PPP Loans Trigger a Higher Tax Bill?
August 25, 2020

Paycheck Protection Program loan recipients could find themselves with a higher than anticipated 2020 tax bill.

»Read More

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Be Mindful of Any Planned Moves: How Residency Affects State Tax Obligations
August 24, 2020

If you plan to move to a lower tax state, it may be helpful to understand how states determine residency for tax purposes.

»Read More

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11 Accounting Challenges Arising from COVID-19
August 18, 2020

Here are 11 accounting considerations for the COVID-19 environment.

»Read More

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Assessing the Impact of President Trump’s 4 Executive Orders
August 12, 2020

Here is a closer look at four executive orders issued on August 8.

»Read More

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Customer Retention, Revenue Recognition & COVID-19
August 5, 2020

COVID-19 related price changes may affect revenue recognition accounting.

»Read More

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Senate Republicans Offer Phase 4 Emergency Legislation in the HEALS Act
July 28, 2020

Senate Republicans released on July 27 their $1 trillion proposal for the next phase of coronavirus relief legislation.

»Read More

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Top 3 COVID-19 Impacts on the M&A Market
July 17, 2020

Here are some top takeaways from a recent M&A panel discussion.

»Read More

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Reminder: Business Tax Updates That Affect 2019 Tax Filings
July 13, 2020

Here is a recap of tax updates that could affect 2019 tax filings.

»Read More

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A Loan Recipient's Guide to PPP Loan Forgiveness
July 10, 2020

Paycheck Protection Program (PPP) loan recipients will be under scrutiny when applying for forgiveness.

»Read More

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4 Ways the Manufacturing & Distribution Sector Can Prepare for the Post-COVID-19 Environment
July 1, 2020

Manufacturers and distributors were among the first sectors to feel the impact of the COVID-19 pandemic. Supply chains took an immediate hit as travel restrictions and distancing guidelines went into place across the globe.

»Read More

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Lending Considerations in the COVID-19 Environment
June 24, 2020

While the business interruption impact of the COVID-19 pandemic hit virtually all companies in the second quarter, the financial impact from the coronavirus will still be felt through the third quarter.

»Read More

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New Details Emerge on the Main Street Lending Program
June 23, 2020

The COVID-19 related Main Street Lending Program may be picking up with new guidance released by the Federal Reserve.

»Read More

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How to Monetize the Tax Changes in the CARES Act
June 15, 2020

Among its many other disaster relief and support measures, the Coronavirus Aid, Relief, and Economic Security (CARES) Act made several beneficial income tax changes. The net effect of the tax law changes creates opportunities for income tax refunds and/or reduced income tax liabilities.

»Read More

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Turn Disaster to Cash - Claim 2020 Losses on 2019 Returns
June 10, 2020

The pandemic opened the door for a tax opportunity under Section 165(i).

»Read More

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How the New PPP Law Affects Loan Forgiveness Requirements
June 8, 2020

The Paycheck Protection Program Flexibility Act provides more room for loan forgiveness.

»Read More

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Accounting Considerations for the Paycheck Protection Program
June 2, 2020

Accounting for the Paycheck Protection Program loans is not straightforward. The following provides a closer look.

»Read More

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House Overwhelmingly Passes Bipartisan Measure to Ease PPP Loan Forgiveness Requirements with Senate Prepared to Act Quickly
June 1, 2020

Changes may be coming soon that would allow for greater flexibility with forgiveness for Paycheck Protection Program loans.

»Read More

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FASB Votes to Officially Delay Revenue Recognition, Leasing Standard
May 26, 2020

The FASB voted to move ahead with the adoption date deferral of ASC Topic 606 and the ASC 842, Leases for non-public entities.

»Read More

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4 International Tax Ramifications Related to the COVID-19 Pandemic
May 22, 2020

Measures taken to help with COVID-19 recovery have an impact on U.S. international tax requirements.

»Read More

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3 State & Local Tax Implications from the CARES Act
May 19, 2020

Changes in the CARES Act will have a federal tax impact and a state tax impact. Many states conformed to federal tax laws, some selected only certain provisions to adopt, and others may apply state-specific modifications to the federal provisions adopted.

»Read More

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Tackling Tax Department State & Local Impacts from COVID-19
May 15, 2020

Remote work arrangements during the COVID-19 pandemic have presented several challenges for operational continuity, particularly for the tax department function.

»Read More

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SBA’s Updated Paycheck Protection Program FAQ Brings Additional Questions
May 14, 2020

One day before the deadline to return Paycheck Protection Program Funds, the Small Business Administration (SBA) updated its loan program’s frequently asked questions to create a safe harbor for recipients of loans of $2 million or less. 

»Read More

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Managing the Paycheck Protection Program Loan Guidance: Your Questions Answered
May 13, 2020

Guidance around the Paycheck Protection Program is evolving, and the following Q&A may help you clear up some uncertainty around PPP eligibility and benefits.

»Read More

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6 Tax Considerations for the Real Estate Sector under Recent COVID-19 Legislation
May 11, 2020

Real estate operators have unique tax planning opportunities to consider that resulted from recent COVID-19 economic stimulus legislation.

»Read More

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Recognizing the Impact COVID-19 Has On Revenue Recognition
May 7, 2020

Organizations will need to factor in COVID-19 into their ASC Topic 606 analysis.

»Read More

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I Have a Concession: How COVID-19 May Impact Lease Accounting
May 5, 2020

The FASB recently granted some relief for accounting for lease payment deferrals.

»Read More

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Received a PPP Loan? Prepare for Scrutiny
May 1, 2020

The Treasury recently announced it will review all entities that received a PPP loan in light of findings that some larger organizations benefited from the program designed to help small organizations manage COVID-19 repercussions.

»Read More

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Key Questions and Answers about Income Tax Accounting Considerations for the CARES Act
April 27, 2020

COVID-19 stimulus legislation and other impacts from the pandemic will affect several elements of income tax accounting in 2020.

»Read More

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CARES Act Part Deux: New Funding and Additional Guidance
April 21, 2020

Congress appears to be on the verge of replenishing funds for Paycheck Protect Program.

»Read More

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5 Pressing Tax and Benefits Considerations for Employers
April 20, 2020

Coronavirus stimulus legislation tied many benefits to headcount and payroll. The following are five considerations worth a second look that may also affect quarterly tax filings.

»Read More

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COVID-19 Mid-Size Business Survey Results
April 17, 2020

We are seeing unparalleled uncertainty in the economy and for companies across the U.S. In response, we conducted a survey to measure the pulse of financial leaders of mid-size companies as they react to the COVID-19 pandemic. Here are the results.

»Read More

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Paycheck Protection Program and Economic Injury Disaster Loan Funding Depleted
April 17, 2020

The Small Business Administration (SBA) announced on April 15 that it is unable to accept new applications for the Paycheck Protection Program or the Economic Injury Disaster Loan Program because its appropriations have run out.

»Read More

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COVID-19: Payroll Tax Incentives
April 17, 2020

This document provides detailed explanations of the following with respect to COVID-19: Payroll Tax Deferral, Employee Retention Credit, and the Paid Leave Tax Credit.

»Read More

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Income Tax Accounting Repercussions for Public Companies
April 17, 2020

The $2.2 trillion economic stimulus package, the CARES Act includes many tax and non-tax provisions to assist individuals, businesses, and the unemployed. For public companies with quarterly financial filings to prepare, there will be a number of income tax accounting implications that will need to be addressed now.

»Read More

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CARES Act International Tax Impacts Involve Changes to NOLs and Business Interest
April 16, 2020

Federal tax provisions in the CARES Act affect international tax requirements as well, including GILTI, FDII, and BEAT taxes.

»Read More

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COVID-19: Remote Workers Bring a New Set of Tax Challenges
April 14, 2020

Widespread work-from-home arrangements are complicated, and the remote work scenario occurring during the COVID-19 pandemic may also make state and local taxes more challenging, too.

»Read More

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Impairment and the Impact of COVID-19: Is There a Triggering Event?
April 14, 2020

Market movements and the COVID-19 pandemic’s impact on future cash flows may produce triggering event for organizations to test their assets for impairment.

»Read More

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New Main Street Lending Program Boosts Business Owners
April 14, 2020

Details emerged about the Fed’s lending program for small to medium-sized businesses dealing with COVID-19 ramifications.

»Read More

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IRS Suspends Processing for Paper Filed Returns, Postpones More Deadlines
April 13, 2020

The IRS announced on April 9 that it has suspended processing all paper filed individual tax returns until further notice.

»Read More

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Down Main Street: Overview of the New Main Street Lending Program
April 9, 2020

Investment in The Main Street Lending Program will help enable up to $600 billion in new financing for businesses with up to 10,000 employees or $2.5 billion in 2019 annual revenues.

»Read More

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4 Income Tax Changes in the CARES Act Worth a Second Look
April 9, 2020

The CARES Act creates opportunities for income tax refunds and/or reduced income tax liabilities. Below are four of the most significant provisions your organization may want to evaluate in short order.

»Read More

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FASB Votes to Delay Leasing Standard Amid Coronavirus Concerns
April 8, 2020

The FASB voted on April 8 on a proposal to further delay the effective date for the changes to lease accounting for private companies and not-for-profit organizations.

»Read More

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Planning for the CARES Act: The Paycheck Protection Program
April 6, 2020

The Coronavirus Aid, Relief, and Economic Security Act, (“CARES Act” or “The Act”)
contains various provisions for individuals, businesses, and the unemployed. We have summarized the provisions of The Act that relate to the Paycheck Protection Program (“PPP”) in this article.

»Read More

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10 Considerations for Your Response to COVID-19
April 6, 2020

The following considerations for headcount, liquidity, and other areas of your operations may help ensure your organization is responsive to the uncertainty caused by the COVID-19 pandemic.

»Read More

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Payment Relief for Personal Income and Corporate Excise Taxpayers Impacted by Coronavirus in Massachusetts
April 3, 2020

On April 3, the Massachusetts Department of Revenue (“DOR”) released a Technical Information Release (“TIR”) that announced tax filing and payment relief for personal income tax and payment relief for corporate excise tax, in response to the COVID-19 pandemic.

»Read More

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COVID-19 Q&A: What You Need to Know
April 3, 2020

The CARES Act was passed on Friday, March 27, 2020, and this article highlights our understanding of the facts and situation based on the information released so far. The FAQ is geared towards SBA loans and other benefits for small businesses.

»Read More

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12 Credits, Deductions, Loans & Deferrals to Help Your Business Get Through This Crisis
April 3, 2020

It’s not new news that businesses are struggling to survive COVID-19, while also trying to help their employees stay afloat. Two things you should attend to now are maximizing your business’ liquidity and taking advantage of the new Federal and other relief options.

»Read More

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The 13-Week Cash-Flow: An Important COVID-19 Survival Tool for Your Business
March 31, 2020

Establishing a 13-week cash flow can help businesses navigate the disruption caused by the COVID-19 pandemic.

»Read More

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COVID-19: Government Support Summary Chart
March 31, 2020

We created a quick reference chart of relevant tax provision under the “Coronavirus Aid, Relief, and Economic Security Act,” (CARES Act) , along with taxpayer eligibility for each provision and timing of when cash could be received by the eligible taxpayer.

»Read More

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Liquidity Management to Control COVID-19’s Impact
March 31, 2020

COVID-19 will impact all businesses. The question is how great the impact will be. This will greatly depend on your industry. However, you do have some control – mitigation strategies you implement now can greatly diminish the extent of impact on your business. During these volatile, rapidly evolving times, a liquidity plan is a life raft for survival.

»Read More

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SEC Extends Relief for Companies Affected by COVID-19
March 27, 2020

In light of the COVID-19 pandemic disruptions, the SEC recently released some relief and guidance for public companies and SEC registrants.

»Read More

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Accounting Considerations & Relief Extension for Public Companies in the Wake of COVID-19
March 27, 2020

The Coronavirus disease (COVID-19) pandemic has effected countless aspects of our daily lives and business, and accounting is no exception. Many companies will need assistance navigating the complexities of accounting guidance—particularly during these times of uncertainty and business and workflow disruptions.

»Read More

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Senate Passes Phase 3 Emergency Legislation
March 26, 2020

The Senate passed on March 25 a $2.2 trillion economic stimulus package as the third phase of emergency legislation in response to the coronavirus pandemic. The “Coronavirus Aid, Relief, and Economic Security Act,” (CARES Act) contains tax and nontax relief measures that are designed to avert a U.S. economic collapse.

»Read More

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4 Transfer Pricing Implications from the Coronavirus
March 25, 2020

Multinational companies should be mindful that international tax reporting may need to be adjusted to account for the disruption with the COVID-19 pandemic, particularly policies related to transfer pricing among related entities in different countries.

»Read More

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Will Retirement Plan Relief Be Part of the Coronavirus Response Effort?
March 25, 2020

As Congress looks for ways to help businesses and individuals with the financial repercussions from the COVID-19 virus, the American Retirement Association (ARA) is pushing for a solution that involves relief from certain plan provisions.

»Read More

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Trump Administration Announces Tax Day Moved to July 15
March 20, 2020

Treasury Secretary Steven Mnuchin announced via Twitter this morning that the April 15 tax filing deadline is extended to July 15.

»Read More

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Updated Information on April 15 Tax Payment Deadline Extended Amid Coronavirus Pandemic
March 18, 2020

On March 18, the IRS issued Notice 2020-17, clarifying some of the uncertainties that remained after Treasury Secretary Steven Mnuchin’s initial announcement.

»Read More

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How COVID-19 Affects Financial Reporting
March 17, 2020

The recent announcement that the novel coronavirus is officially a global pandemic triggered market reactions, additional health and safety precautions, and for the accounting world, the need for some additional financial reporting considerations. Here are some of the ways the COVID-19 virus affects financial statements.

»Read More

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April 15 Tax Payment Deadline Extended Amid Coronavirus Pandemic
March 17, 2020

Filing extensions and tax payment relief are coming for individuals and businesses in response to the COVID-19 virus pandemic, but the request for extensions must be made by the original April 15 tax filing deadline.

»Read More

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Congressional Tax Writers, Trump Administration Considering Tax Relief Measures
March 10, 2020

Congressional tax writers and the Trump administration are considering various tax relief measures in response to the current global health emergency.

»Read More

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Preparing for the Financial Impact from Coronavirus 
March 5, 2020

With the human cost that accompanies the COVID-19 virus, conversations around its financial impact on businesses can be difficult to have.

»Read More

 

Private Equity/Venture Capital Insights:

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Does My Debt Modification Trigger a Tax Issue?
June 17, 2020

Debt modifications may come with tax consequences. Here’s how.

»Read More

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IRS Proposes Additional Guidance on Partnership Tax Capital Reporting Requirement
June 17, 2020

The IRS recently issued Notice 2020-43 to seek public comment on a proposed requirement for partnerships to use only certain accepted methods to satisfy the tax capital reporting requirement with respect to partnership taxable years that end on or after Dec. 31, 2020.

»Read More

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Key Reporting Updates for Firms Subject to Cayman Islands Requirements
May 20, 2020

Private equity and venture capital firms with investment activities tied to the Cayman Islands may want to take note of reporting updates and deadline changes.

»Read More

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Reminder: Changes Still Coming to Partnership Reporting Requirements
May 19, 2020

As the world starts to adjust to its new version of normal, it’s worth beginning work on some upcoming reporting changes that may be coming your Private Equity or Venture Capital firm’s way.

»Read More

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Coronavirus Relief: Considerations for PE/VC Funds and Portfolio Companies
April 1, 2020

The spread of the COVID-19 pandemic through the U.S. has led to the beginnings of a financial and economic crisis with dimensions that, as of yet, cannot be estimated. This article highlights the provisions of the recent guidance that are most relevant to Private Equity (PE) and Venture Capital (VC) funds and their portfolio companies.

»Read More

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COVID-19 Preparedness Checklist and Business Considerations
March 27, 2020

We have created two resources that may assist businesses and portfolio companies during these challenging times. Please click on the links below:

»Portfolio Company COVID-19 Preparedness Checklist

»CBIZ Business Considerations

 

Retirement Plan Services Insights:

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COVID-19: The Impact on Retirement Plans
April 6, 2020

As COVID-19 continues to impact the stock market and organizations around the world, we understand that you have concerns about how recent market fluctuations may affect your retirement plan. We’ve developed a summary of these complex issues in this whitepaper.

»Read More

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Retirement Plan Services: Q&As Regarding the CARES Act and Other Common Questions
April 2, 2020

This document addresses the CARES Act and other common questions you may have concerning distributions, loans or contributions pertaining to Retirement Plan Services.

»Read More

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The CARES Act Provides Relief for Retirement Plan Sponsors and Participants
March 31, 2020

On March 27, 2020, Congress passed and the President signed the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”, H. R. 748). This is an overview of the relief measures for retirement plan sponsors and participants.

»Read More

 

Not-For-Profit & Education Insights:

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Is Your Organization Going to Be Subject to a Federal Single Audit?
August 18, 2020

Certain COVID-19 federal assistance programs have single audit requirements.

»Read More

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Federal Reserve Considers Expanding Main Street to Not-For-Profits
June 26, 2020

As part of its recent review of the CARES Act loan programs, the Federal Reserve is evaluating whether to expand its Main Street loan facilities to include not-for-profit organizations.

»Read More

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How Not-For-Profits Account for PPP Loans
June 15, 2020

Not-for-profit organizations faced a particularly difficult time in the wake of the COVID-19 pandemic. Assistance contained in the CARES Act broadened loan programs for small businesses to include not-for-profit organizations. These loan provisions generally provide some additional financial support to organizations with 500 or fewer employees.

»Read More

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Campus Is Shut Down – What Can Be Done to Maximize This Time?
May 11, 2020

Summer started early for university campuses across the country. Many closed their campuses well in advance of the end of the semester in efforts to protect students and faculty from the COVID-19 pandemic.

»Read More

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403(b) Restatement Deadline Extended Due to COVID-19
April 30, 2020

In the wake of the pandemic, the IRS extended the 403(b) restatement deadline to June 30, 2020.

»Read More

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5 Ways Not-For-Profits Can Capture the Benefits of the CARES Act
April 29, 2020

Not-for-profit organizations should look to the CARES Act for COVID-19 pandemic relief.

»Read More

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Coronavirus Capital Assistance and Disaster Relief Fund Guide for Not-for-Profit Organizations
April 29, 2020

In response to the financial damage related to the COVID-19 pandemic, Congress passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).

»Read More

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Safeguarding Your Endowment or Foundation During COVID-19
April 29, 2020

Ensuring the survival of the fund is often the primary goal of any foundation or endowment. Maintaining the principal and spending power of a fund so that benefits available for current recipients are the same for future generations is a challenging task, but when shocks to the global economy and financial markets occur, the challenge may seem impossible.

»Read More

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Secretary DeVos Sends $6 Billion in Emergency Cash Grants for College Students Impacted by COVID-19
April 9, 2020

On April 9, U.S. Secretary of Education Betsy DeVos announced that more than $6 billion will be dispersed immediately to colleges and universities in order to provide direct emergency cash grants to college students who have been impacted by the COVID-19 pandemic.

»Read More

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Understanding the Key Aspects of the CARES Act for Not-For-Profits
April 5, 2020

On March 27, President Trump signed into law a $2.2 trillion economic stimulus package in response to the COVID-19 pandemic. The CARES Act includes tax and non-tax provisions to assist individuals and not-for-profit organizations. The following is intended to assist you in focusing on the most likely provisions that might require your action in order to benefit.

»Read More

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6 Tips to Help Not-For-Profits Manage Coronavirus Impact
March 27, 2020

Repercussions from the COVID-19 virus affect almost every facet of your not-for-profit’s operations, from the delivery of your services to managing your workforce. Many cultural organizations and educational institutions must grapple with the public health safety measures that may have temporarily shuttered their operations.

»Read More

 

HR & Insurance Insights:

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IRS Provides Guidance on Distribution and Contribution Provisions in CARES Act
July 10, 2020

The Internal Revenue Service (IRS) recently issued three notices that provided welcome guidance on provisions of the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was signed into law on March 27, 2020.

»Read More

Benefits and Marketplace Trends Through the Lens of COVID-19

 

Benefits and Marketplace Trends Through the Lens of COVID-19
May 1, 2020

Even the most optimistic person will concede that the world won’t be returning to exactly how it was before the coronavirus pandemic. We examine how drastically things have shifted during the coronavirus pandemic and what shake-ups to expect in the future.

»Read More

Cost-Savings Strategies Amid COVID-19 – Keep Benefit Plans Top of Mind

 

Cost-Savings Strategies Amid COVID-19 – Keep Benefit Plans Top of Mind
April 28, 2020

While some businesses, depending on location and industry, are turning their focus to reopening, it is still (and always will be) important to consider benefit plan cost-savings strategies. These can be particularly important now as COVID-19’s continue to evolve rapidly.

»Read More

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Employment Laws & Regulations: CARES Act Modifies Employee Benefits Provisions - What Employers Need to Know & Employment
March 30, 2020

On March 27, 2020, Congress passed and the President signed the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”, H. R. 748). This is the third measure enacted to provide multi-level assistance resulting from matters relating to the coronavirus. This is a summary of employee benefit related provisions of the CARES Act.

»Read More

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UPDATE: COVID-19’s Impact on Benefits & Employment
March 25, 2020

We know you’re concerned about the impacts of COVID-19 on your employees and benefits, but there are steps you can take to mitigate those impacts . . . and CBIZ is here to guide you every step of the way. To that end, we are providing you with this summary of the most critical issues that your business must be aware of.

»Read More

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Trump Signs Phase 2 COVID-19 Emergency Legislation
March 19, 2020

President Trump signed into law on March 18 the Families First Coronavirus Response Act (the Act), which will provide paid sick and family leave assistance due to illness, as well as food assistance and medical testing assistance.

»Read More

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Protecting Employees from Coronavirus
March 12, 2020

Your employees are your number one asset. Here’s some insight into what coronavirus is, how it spreads and what steps to take if your team members have symptoms.

»Read More

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Coronavirus and the Workplace – Compliance Issues for Employers
March 10, 2020

With the number of novel coronavirus (COVID-19) cases on the rise, you must protect your employees. Here are a number of key steps to take to protect your employees in the workplace.

»Read More

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Potential Impact of Coronavirus on the Workplace
March 5, 2020

As everyone surely knows at this point, the Coronavirus Disease (COVID-19) could potentially create challenges for employers in the near term. 

»Read More

 

Risk & Operations Insights:

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How Cybersecurity Staffing May be Impacted During COVID-19 Recovery
October 7, 2020

It may be time to consider augmenting your information security team.

»Read More

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5 Tips to Navigate Your Insurance Renewal in Light of COVID-19
July 31, 2020

In this market, you can’t afford to take a business as usual approach to your insurance renewal. In addition to rising rates and COVID-19 health concerns, businesses are having to implement new ways of working, which introduces new risks.

»Read More

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The Implications of COVID-19 on SOC Reports
July 16, 2020

Remote work and information security risks may have more organizations being asked to produce System and Organization Controls (SOC) reports.

»Read More

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Phishing During COVID-19: What You Need to Know
May 19, 2020

Phishing schemes seemingly related to the COVID-19 pandemic heighten information security risks for employees and organizations alike.

»Read More

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Designing a Post-COVID-19 Workplace
May 7, 2020

COVID-19 has completely disrupted the workplace as we know it. As businesses are slowly being allowed to reopen, employers must plan now for what their post-coronavirus workplace will look like.

»Read More

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4 COVID-19 Repercussions Experienced by Financial Professionals
April 27, 2020

One of the most challenging aspects to the COVID-19 pandemic involves the speed at which the virus spread. There was no time for long-term strategic planning, as travel restrictions and shelter in place orders rolled out and social distancing measures were implemented across the world to slow coronavirus transmission.

»Read More

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Reopening Your Business After the COVID-19 Shutdown
April 23, 2020

As COVID-19 continues to have an unprecedented effect on daily life, many business owners are looking forward to a return to normalcy. However, even when stay-at-home orders are lifted and nonessential businesses are allowed to resume operations, there’s a lot for organizations to consider before they reopen.

»Read More

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Coronavirus & Contracts: Does COVID-19 Qualify as a Force Majeure Event?
April 20, 2020

The COVID-19 pandemic has caused organizations to experience disruptions to their normal course of business – mandatory remote work, business closures, travel restrictions and breakdowns in the supply chain.

»Read More

D&O Liability

 

COVID-19’s Impact on Directors & Officers Liability
April 20, 2020

COVID-19’s impact on the economy and business operations continues to deepen. Companies may be asked additional questions by insurance underwriters, and increased D&O litigation relating to the outbreak..

»Read More

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How to Prepare for COVID-19 Construction Delays
April 7, 2020

The coronavirus pandemic may delay ongoing construction projects. Here are some steps project owners can take to minimize cost and further delays.

»Read More

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Improving Cyber Safety in Remote Work Scenarios
April 6, 2020

Ensuring the safety and security of data during remote work scenarios is essential. The following are some suggestions on how organizations can sure information remains secure.

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Coronavirus and CyberFraud – Increased Reports of Scams
March 18, 2020

With the spread of Coronavirus across the globe, cybercriminals are hard at work. Here are ways to protect your employees from phishing scams in their inbox and across the internet.

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Financial Management Insights:

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M&A After COVID: What Companies Looking at Buying or Selling Can Do Now
June 1, 2020

The following considerations may help guide your company in its evaluation of complex transactions after the COVID-19 pandemic.

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3 Reasons Why Now is the Time to Rethink Estate Planning
April 21, 2020

A favorable tax environment and recent market swings may make 2020 a good year to revisit your estate plan.

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Documentation for a Possible COVID-19 Business Interruption Claim
April 13, 2020

As COVID-19 becomes increasingly widespread, it’s not only raising fears about the well-being of the general public, but it’s also disrupting business operations and creating insurance exposures.

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Accounting for the Impact of COVID-19: How the Coronavirus Affects Going Concern Evaluations
April 8, 2020

Uncertainties created by the COVID-19 pandemic may cast doubt about an organization’s ability to continue operating as a going concern, an important accounting consideration involved in financial statement preparation.

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March 2020 Market Update: Navigating Market Volatility
March 2020

The recent market swings have grabbed headlines around the world, recording some of the largest daily moves in recent history. Such wild gyrations in the markets can be alarming to investors and may cause anxiety about the future of the investing environment. 

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Surviving Market Volatility During COVID-19
March 2020

During this time, it may be somewhat comforting to remember that you are not alone. Everyone is wondering what the immediate future holds for the COVID-19 virus. Everyone else has the same fears and anxiety that you may be feeling right now.

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Questions about how your business may be impacted? Contact us.

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An Update from our Senior Managing Director

Scott-Wragg-Print ColorOn March 12, our Senior Managing Director Scott Wragg released the following statement to our clients and friends of the firm in response to COVID-19.

CBIZ & MHM Client Resources

Client Portals

As a reminder, the most efficient way for us to receive information from clients is through our client portals. If you are a client and need to send us information, please refer to the information below:

    • Audit Clients: The majority of our audit clients are using our secure FTP site. Reach out to your MHM contact for access and instructions for using the portal. However, if you are set-up and still using The Hub, please click here.
    • Tax Clients: Please use our secure CCH client portal to upload any documents. If you are a new to using the CBIZ portal, you should have received a “Welcome Email” to set up your User ID and Password. If you did not receive one, please reach out to your direct contact at CBIZ MHM, LLC and they will resend to you.

Electronic Payment Information

For the well-being of our clients, team members, and community, our preferred payment methods have been updated. Please review these new updates here.

If you have any questions, please contact Marc Busny at mbusny@cbiz.com or 617.761.0565.

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