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Both “essential” and “non-essential” businesses are experiencing the impact of COVID-19 on their operations and bottom line. Business owners are looking to their commercial property insurance policy as a means of minimizing or recovering revenue shortfalls by filing COVID business interruption insurance claims, construction claims and other property damage claims related to the pandemic.
When your small business faces a complex financial challenge, finding a professional with the right expertise may seem like more trouble than it’s worth, especially if the solution would take only a few hours of an expert’s time. Unfortunately, if your internal staff does not have the right specialized knowledge, it can lead to much higher costs down the road.
Weaver's professionals walk through the exciting changes and the most common pitfalls to avoid under the FASB lease accounting standards, detailing which industries will be affected the most, how the standards have an impact beyond financial reporting, and more simply, defining what will now be considered a lease.